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.

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Company:Xanthus Holdings PLC
 168, St. Christopher Street
 VKT 1467 Valletta
Phone:+356 21 22 7553
Fax:+356 21 22 7667
E-mail:[email protected]
Listed:Open Market (Entry Standard) in Frankfurt
End of News  DGAP News Service