PPK Group to Distribute Li-S Energy Shares

Li-S Energy Ltd (AU:LIS) has released an update.

PPK Group Limited has announced that it will distribute nearly 26 million shares of Li-S Energy Limited to PPK shareholders through a special in-specie dividend, effectively relinquishing control but remaining the largest shareholder. This move is aimed at simplifying PPK’s financials and allowing Li-S Energy to operate independently, capitalizing on its growth from a research startup to Australia’s largest pouch cell battery manufacturer. PPK believes this strategic deconsolidation will highlight the performance of its other group companies and continue to deliver value to its shareholders.

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