18 November 2015
AQUABOUNTY TECHNOLOGIES, INC.
("AquaBounty" or the "Company")
(AIM: ABTX, ABTU)
Movement of AquaBounty Shares between Lines of Stock
AquaBounty Technologies, Inc. (AIM: ABTX, ABTU), a biotechnology company focused on enhancing productivity in the aquaculture market, announces that, on 20 November 2015, the remaining Common Shares held on the restricted line of Common Shares (ISIN: USU0387J1089 TIDM: ABTX) will be moved to the unrestricted line of Common Shares (ISIN: US03842K1016 TIDM: ABTU) and the ABTX line will be closed.
As announced in November 2014, the Company set up the ABTU line with a depositary interest facility to enable shareholders with ABTU shares to settle transactions in dematerialised form. The movement of the balance of the Company's shares to the ABTU line is being undertaken to enable all AquaBounty shares to be tradeable in dematerialised form in order to meet the requirements of the EU Regulation on Central Securities Depositories (CSDR), published on 28 August 2014. This regulation requires that, where transactions in transferable securities take place on a trading venue, such as AIM, the relevant securities should be recorded in book entry form in a Central Securities Depository (CSD), such as CREST, and applies to all transactions executed under the Rules of the London Stock Exchange irrespective of whether or not the securities are issued by an EU-incorporated issuer.
Following the movement of 148,723,418 Common Shares currently on the ABTX line, this line will be closed. Movement of the ABTX shares will be automatic, and shareholders will not be required to take any steps to effect this. No new certificates will be issued. However, shareholders holding Common Shares in certificated form wishing to trade will be required to dematerialise their shares. The process for this is set out on the Investors section of the Company's website (www.aquabounty.com).
Further to this transfer, the balances of each line will be as follows:
Line |
ISIN |
Balance of shares |
ABTX $0.001 (Restricted) |
USU0387J1089 |
- |
ABTU $0.001 (Unrestricted) |
US03842K1016 |
157,425,309 |
Total shares in issue |
- |
157,425,309 |
For further information, please contact:
AquaBounty Technologies +1 978 648 6048
David Frank, Chief Financial Officer
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Stewart Wallace
Luther Pendragon +44 (0)20 7618 9100
Harry Chathli, Claire Norbury
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