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Additional Listing & Total Voting Rights

17th Mar 2016 07:00

RNS Number : 3641S
Verseon Corporation
17 March 2016
 

Press Release 17 March 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 4,322 new Common Shares of par value $0.001 each (the "Common Shares") to be admitted to trading on AIM pursuant to the issued restricted stock grants (the "Exercise").

 

The 4,322 Common Shares are being 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 totalling 17,291 Common Shares vesting quarterly in equal proportions over a one year period. Further details of Dr. Hecht's restricted stock grant may be found in the announcement made on 4 February 2016. Following Admission, Dr. Hecht will hold 12,966 Common Shares, representing 0.009% of the Company's issued share capital.

 

The 4,322 new Common Shares issued pursuant to the Exercise will rank pari passu with the Company's existing Common Shares and admission to trading on AIM is expected to take place on 22 March 2016 ("Admission").

 

Total Voting Rights

 

Following Admission, the issued share capital of the Company will consist of 151,380,691 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 151,380,691. 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.

 

-Ends-

 

 

 

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

Christopher Golden / Mark Connelly

Abchurch Communications Ltd (PR Advisers)

+44 (0) 20 7398 7719

Jamie Hooper / Alex Shaw

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEANDKFDSKEFF

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