Report of Foreign Issuer (6-k)
January 28 2015 - 7:35AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January 2015
Commission File Number: 001-35190
TAOMEE HOLDINGS LIMITED
16/F, Building No. A-2, No. 1528 Gumei Road, Xuhui District
Shanghai 200233, Peoples Republic of China
(86-21) 6128-0056
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82- N/A
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TAOMEE HOLDINGS LIMITED |
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By: |
/s/Sam Lawn |
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Name: |
Sam Lawn |
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Title: |
Chief Financial Officer |
Date: January 28, 2015
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EXHIBIT INDEX
Exhibit 99.1 Press Release
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Exhibit 99.1
Taomee Announces Special Dividend
SHANGHAI, Jan. 26, 2015 /PRNewswire/ Taomee Holdings Limited (Taomee or the Company) (NYSE: TAOM), a leading childrens entertainment and media company in China, announced that its Board of Directors declared a special one-time cash dividend of US$0.0325 per ordinary share, or US$0.65 per American Depositary Share (ADS, each representing 20 ordinary shares).
Holders of the Companys ordinary shares (including ordinary shares represented by ADSs) at the close of business on February 6, 2015 (the Record Date) will be entitled to receive the special dividend. JPMorgan Chase Bank, N.A., the depositary for Taomees ADS program (the ADS Depositary), expects to pay out dividends to ADS holders on or around February 17, 2015. Dividends to be paid to the Companys ADS holders through the ADS Depositary will be subject to the terms of the deposit agreement by and among the Company and the ADS Depositary, and the holders and beneficial owners of ADSs issued thereunder, including the fees and expenses payable thereunder.
The total amount of cash to be distributed for the special dividend is expected to be approximately US$24.6 million.
As we analyze our business plans for the upcoming year, we found we have adequate cash to fund our current and potential plans. As effective stewards of capital for our shareholders, we also recognize the benefits of returning capital to shareholders as a means of maximizing return on equity. Todays announcement of the US$0.65 per ADS special dividend is our latest effort in doing so. Our strong balance sheet, fiscal prudence and growth opportunities in Chinas children entertainment and media industry enable us to provide shareholders with this dividend, while maintaining ample financial and operational flexibility to expand our business, commented Mr. Benson Wang Haibing, co-founder and chief executive officer of Taomee.
As of September 30, 2014, the Company had US$109.0 million in cash and cash equivalents.
About Taomee Holdings Limited
Taomee Holdings Limited (Taomee or the Company) is a leader in Chinas childrens entertainment and media. Its award winning content offerings are both engaging and educational, endearing it to children, as well as to parents and teachers. The Company was founded in 2007 with the mission to bring joy and inspiration to children. Its popular character franchises, including SEER and MOLES WORLD, are distributed online via virtual worlds, web games and mobile applications, as well as through traditional media, including animated box office films, TV series, books and consumer products, most notably interactive toys and trading cards. Its online community regularly achieves top search ranking in China, Hong Kong and Taiwan. Taomee has been consistently recognized for its leadership and innovative contributions to the childrens market, including accolades from Chinas Ministry of Culture and the China Animation Association.
For more information, please visit: http://www.taomee.com/en_taomee.html
· Visit online virtual world communities at www.61.com
· Watch animations and films at http://v.61.com/
· Download mobile games and applications at http://m.61.com/
· Share with other parents and caregivers at http://mama.61.com/
Safe Harbor Statements
This press release contains statements that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, potential, continue, is/are likely to or other similar expressions. Among other things, the managements quotations and outlook information contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Potential risks and uncertainties include, but are not limited to: the Companys business strategies and initiatives as well as business plans; future business development, results of operations and financial condition; expected changes in revenues and certain cost or expense items; expectations with respect to increased revenue growth and the Companys ability to sustain profitability; the Companys services and products under development or planning; the Companys ability to attract users and further enhance the Companys brand recognition; and trends and competition in the childrens entertainment and media market and industry, including those for online entertainment. Further information regarding these and other risks is included in Taomees annual report on Form 20-F and other documents filed with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as required under applicable law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, the Company cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For further information, please contact
Angela Wang
Taomee Holdings Limited
+86-21-61280056 Ext 8651
ir@taomee.com
SOURCE Taomee Holdings Limited
Taomee Holdings Limited American Depositary Shares (Each Representing 20 Ordinary Shares) (NYSE:TAOM)
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