Aqua Bounty Technologies, Inc. Reverse Share Split Further Update (3319T)
January 04 2017 - 6:07AM
UK Regulatory
TIDMABTU
RNS Number : 3319T
Aqua Bounty Technologies, Inc.
04 January 2017
04 January 2017
AquaBounty Technologies Inc.
("AquaBounty" or the "Company")
Reverse Share Split Further Update
AquaBounty Technologies, Inc. (AIM: ABTU), a biotechnology
company focused on enhancing productivity in aquaculture and a
majority-owned subsidiary of Intrexon Corporation (NYSE: XON)
("Intrexon"), announces a further update to its announcements of 19
December 2016 and 29 December 2016 in relation to the proposed
reverse share split.
The Company now announces that it has updated the expected
treatment of fractional shares in regards to its proposed reverse
share split on its common shares ("Common Shares").
All Common Shares held by each shareholder on the announced
record date of 4 January 2017 will be aggregated prior to effecting
the reverse share split, with any fractional share remaining being
rounded up to the next whole share, as opposed to the previously
proposed methodology to round down fractional shares with an
associated cash payment. The impact of this change will be an
increase to the expected post consolidation number of Common Shares
("New Common Shares") to 6,463,917 rather than 6,463,780 as
previously announced on 29 December 2016.
Application has been made to AIM for the admission to trading of
the 6,463,917 New Common Shares in the Company expected to be in
issue following the completion of the reverse share split. The
final number of New Common Shares issued and the total number of
voting rights, which are dependent on the final fractional share
rounding calculation, will be announced in due course.
It is still expected that the New Common Shares will be admitted
to trading at 8.00am on Thursday 5 January 2017 under the following
new stock identification codes: SEDOL code BD30Q43 and ISIN code
US03842K2006. The TIDM will remain as ABTU.
Enquiries:
AquaBounty
David Frank, Chief
Financial Officer +1 978 648 6048
Stifel Nicolaus Europe Limited
Stewart Wallace +44 20 7710 7600
Luther Pendragon
Harry Chathli, Claire
Norbury +44 20 7618 9100
This information is provided by RNS
The company news service from the London Stock Exchange
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