Consolidation of Stock Lines

RNS Number : 3607R

MyCelx Technologies Corporation

21 September 2017

 

21 September 2017

MYCELX TECHNOLOGIES CORPORATION

("MYCELX" or the "Company")

Consolidation of Stock Lines

MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for the Oil and Gas market and commercial industrial markets worldwide, announces that it is simplifying the shareholding structure of the Company by consolidating its two existing lines of stock under the one unrestricted line of stock.

Trading in the Company's restricted line of stock with the ticker MYXR (identified under ISIN USU624551078 and SEDOL B56S0J1) (the "Restricted Line") will cease at 8.00 a.m. on 29 September 2017 and all common shares of $0.025 each ("Common Shares") currently trading on the Restricted Line will from then on continue to trade on the unrestricted line of stock with the ticker MYX (identified under ISIN US62847T2024 and SEDOL B8NZQP4) (the "Unrestricted Line").

The Depositary Interest Facility, operated with Capita IRG Trustees Limited, in relation to the Restricted Line will be terminated with effect from 5.00 p.m. on 28 September 2017.

The Company has applied to the London Stock Exchange for all 797,695 Common Shares currently traded on the Restricted Line to be transferred to the Unrestricted Line at 08.00 a.m. on 29 September 2017.

New share certificates for the Unrestricted Line will be sent to certificated shareholders previously holding the Restricted Line by 13 October 2017.

Total Voting Rights

The Company's issued share capital consists of 18,770,117 Common Shares with no Common Shares held in treasury. Therefore, the total number of voting rights in the Company is 18,770,117 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 29 September 2017, all of the 18,770,117 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: [phone]
Cantor Fitzgerald Europe - NOMAD and Broker Andrew Craig Richard Salmond	Tel: [phone]
Celicourt Communications Mark Antelme Jimmy Lea	Tel: [phone]

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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