01-03-16
DGAP-News: Xanthus Holdings PLC: Notification of Effective Date of Reduction of Shareholder Capital via Reverse Share Split
| DGAP-News: Xanthus Holdings PLC / Key word(s): Corporate Action 2016-03-01 / 11:34 The issuer is solely responsible for the content of this announcement. Xanthus Holdings plc announces that the issued share capital of the company has been reduced by the cancellation of 16,218,986 ordinary shares issued by the company leaving a balance of 3,538,776 ordinary shares issued and outstanding. Thereby the unanimously approved resolution No 1 of the Extraordinary General Meeting of the company held on 19th November 2015 has become effective with value of 22nd February 2016. The respective minutes were duly published on the company’s webpage.The purpose of the reduction was to offset losses incurred.If the reduction of share capital by way of cancellation of shares results in any shareholder being entitled to a fractional shareholding, such fraction shall be rounded up or down to the nearest whole share, provided that no existing shareholder shall be left with less than one (1) share as a result of this reduction in share capital. The proportional participation of each shareholder has not been changed, only the number of ordinary shares is reduced. 2016-03-01 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English |
| Company: | Xanthus Holdings PLC |
| 168, St. Christopher Street | |
| VKT 1467 Valletta | |
| Malta | |
| Phone: | +356 21 22 7553 |
| Fax: | +356 21 22 7667 |
| E-mail: | info@xanthusholdings.com |
| Internet: | www.xanthusholdings.com |
| ISIN: | MT0000580101 |
| Listed: | Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |