MyCelx Tech. Corp. MyCelx Tech. Corp.. - Closure of Restricted Stock Line

Mycelx Technologies

09/03/2020 07:00

RNS Number : 3500F

MyCelx Technologies Corporation

09 March 2020

 

 

 9 March 2020

MYCELX TECHNOLOGIES CORPORATION

("MYCELX" or the "Company")

Closure of Restricted Stock Line

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for the Oil and Gas market and commercial industrial markets worldwide, confirms the closure of its restricted line of stock will take effect at 8.00 a.m. on 16 March 2020.

Application has been made to the London Stock Exchange for the transfer of an additional 603,633 common shares of $0.025 each ("Common Shares") (the "Additional Shares") from the Company's restricted line of stock with the ticker MYXR (identified under ISIN USU624551151 and SEDOL BJ0DP51) (the "Restricted Line") to the Company's unrestricted line of stock with the ticker MYX (identified under ISIN US62847T2024 and SEDOL B8NZQP4) (the "Unrestricted Line").

The Additional Shares are constituted of 603,633 Common Shares which have been transferred by shareholders upon expiry of the restricted period under Regulation S of the US Securities Act of 1933.

Trading in the Company's Restricted Line will cease at 8.00 a.m. on 16 March 2020 and all Common Shares currently trading on the Restricted Line will from then on continue to trade on the Unrestricted Line.  

The Company's issued share capital consists of 19,443,750 Common Shares with no Common Shares held in treasury. Therefore, the total number of voting rights in the Company is 19,443,750 which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

From 16 March 2020, all of the 19,443,750 Common Shares will be admitted to trading on the Unrestricted Line.

 

For further information please contact: 

MYCELX Technologies Corporation
Connie Mixon, CEO
Kim Slayton, CFO
Tel: +1 888 306 6843
Numis Securities Limited
John Prior
James Black, Emily Morris, Alamgir Ahmed
Tel: +44 20 7260 1000
Celicourt
Mark Antelme
Jimmy Lea
Tel: +44 20 8434 2754


Notes to Editors

MYCELX is a revolutionary oil-free water technology company solving the world's toughest oil removal problems in the oil and gas industry. The systems are based upon scientific breakthrough for a completely different approach to permanent oil removal. The Company created the patented MYCELX polymer using innovative molecular cohesion for removing oil from water far beyond what conventional systems have ever achieved. MYCELX systems remove oil to critically low levels in a much smaller physical footprint than conventional systems and in a virtually fail-safe process.

www.mycelx.com 

 

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