31st Oct 2016 07:00
31 October 2016
Verseon Corporation
("Verseon" or the "Company")
Additional Listing & Total Voting Rights
Verseon, a technology-based pharmaceutical company, announces that application has been made for 17,009 new Common Shares of par value $0.001 each (the "Common Shares") to be admitted to trading on AIM pursuant to regularly scheduled vesting of the restricted stock units (the "Issuance"). The Issuance is in connection with the Verseon Corporation 2015 Equity Incentive Plan and pursuant to the regularly scheduled vesting of previously granted restricted stock units.
Of the 17,009 Common Shares issued, 7,009 Common Shares have been issued to Dr. Thomas Hecht, Non-Executive Chairman of the Company, in relation to payment of his Director's fees in the form of restricted stock as has been previously disclosed, totalling 28,037 Common Shares vesting quarterly in equal proportions over a one year period. Following Admission, Dr. Hecht will hold 31,309 Common Shares, representing 0.021% of the Company's issued share capital.
The 17,009 new Common Shares issued pursuant to the Issuance will rank pari passu with the Company's existing Common Shares and admission to trading on AIM is expected to take place on 4 November 2016 ("Admission").
Total Voting Rights
Following Admission, the issued share capital of the Company will consist of 151,412,784 Common Shares. The Company does not hold any shares in treasury. Therefore the total number of Common Shares in the Company with voting rights will be 151,412,784. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Verseon Corporation | +1 (510) 225 9000 |
Arthur Shmurun / Amy Thai | |
Cenkos Securities (NOMAD and Broker) | +44 (0) 20 7397 8900 |
Mark Connelly / Steve Cox | |
Buchanan Communications Ltd (PR Advisers) | +44 (0) 20 7466 5000 |
Henry Harrison-Topham / Sophie Cowles |
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Dr. Thomas Hecht | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Verseon Corporation | ||||
b)
| LEI
| N/a | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Restricted stock grant of Common Shares of par value $0.001
ISIN: USU9221J1098
| ||||
b)
| Nature of the transaction
| Vesting of restricted stock units | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
7,009
- | ||||
e)
| Date of the transaction
| 29 October 2016 | ||||
f)
| Place of the transaction
| N/a | ||||
Related Shares:
VERS.L