Xanthus Holdings PLC / Key word(s): Capital Reorganisation
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Notification of Effective Date of Reduction of Shareholder Capital via Transfer of Shares of Taiga Atlas plc
Xanthus Holdings plc announce that the issued share capital of the Company has been reduced by the cancellation of 1,563,000 ordinary shares issued by the Company leaving a balance of 1,975,776 ordinary shares issued and outstanding. Thereby the unanimously approved resolution No 2 of the Extraordinary General Meeting of the company held on 19th November 2015 has become effective with value of 4th May 2016. The respective minutes were duly published on the Company’s webpage.
The purpose of the reduction was to transfer the Company’s holdings of shares in Taiga Atlas plc to the existing shareholders of Xanthus Holdings plc in proportion to their shareholding in Xanthus Holdings plc.
The Company’s shareholders now hold shares in Xanthus Holdings plc. and their proportional share in Taiga Atlas plc.
If the reduction of share capital by way of cancellation of shares result 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 are reduced.
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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
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