Aqua Bounty Technologies, Inc. Completion of Reverse Share Split (4142T)

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RNS Number : 4142T

Aqua Bounty Technologies, Inc.

05 January 2017

05 January 2017

AquaBounty Technologies Inc.

("AquaBounty" or the "Company")

Completion of Reverse Share Split

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"), is pleased to announce that the 1-for-30 reverse share split of its common shares, as detailed in its announcements on 19 December 2016, 29 December 2016, and 4 January 2017, has become effective today. The reverse share split has increased the market price and decreased the number of shares in issue.

The reverse share split is expected to help enable the Company to meet one of the NASDAQ listing requirements related to pricing of its common shares. A further announcement will be made in due course once the NASDAQ listing is effective.

Following the reverse share split, the Company's issued share capital consists of 6,463,935 of common shares with a par value of $0.001 each. The Company holds no common shares in Treasury and, therefore, the total number of voting rights in the Company is 6,463,935.

The above figure of 6,463,935 may be used by shareholders as the denominator for their calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 
 Enquiries: 
 
  AquaBounty 
 David Frank, Chief 
  Financial Officer       [phone] 
 
 Stifel Nicolaus Europe Limited 
 Stewart Wallace          [phone] 
 
 Luther Pendragon 
 Harry Chathli, Claire 
  Norbury                 [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 05, 2017 03:10 ET (08:10 GMT)