4SC AG
4SC announces implementation of 5:1 reverse share split in line with planning
4SC AG / Key word(s): Corporate Action Press Release 4SC announces implementation of 5:1 reverse share split in line with planning – Stock quotation changed on 27 April 2015 – 4SC shares allocated a new ISIN (DE000A14KL72) and WKN (A14KL7) Planegg-Martinsried, Germany, 27 April 2015 – 4SC AG (Frankfurt, Prime Standard: ISIN DE000A14KL72, VSC), a discovery and development company of targeted small molecule drugs for cancer and autoimmune diseases, today announced that the capital reduction and the 1-for-5 reverse share split approved at the Extraordinary General Meeting on 11 March 2015 have been implemented as planned. Effective its recent entry in the commercial register, the share capital of 4SC AG was lowered from EUR 50,849,206.00 to EUR 10,169,841.00, divided into 10,169,841 no-par value bearer shares as previously announced. The capital reduction does not alter the amount of total assets or equity, nor does it affect the individual shareholders’ percentage share in the Company. The stock quotation was changed at the start of share trading on 27 April 2015. In the 5:1 conversion, five old no-par value shares were replaced with one converted no-par value share. The converted 4SC shares are now traded on the stock exchanges under the new international securities identification number (ISIN) DE000A14KL72 and the new German securities identification number (WNK) A14KL7. The share price symbol VSC has been retained. Shareholders who held a number of no-par value shares not divisible by five prior to the conversion will have fractional amounts registered to them under ISIN DE000A14KL64. By 18 May 2015 at the latest, the share fractions registered to the shareholders will be rounded off into full legal rights (settlement of fractions), which will be registered to the shareholders, provided a corresponding buy or sell order has been made. To carry out the required settlement of fractions, the shareholders of 4SC AG are therefore asked to instruct their respective custodian bank as soon as possible but no later than 18 May 2015 to settle any fractions. Enno Spillner, CEO of 4SC AG, commented: “We are pleased that the capital reduction has been entered in the commercial register now and implemented as planned. This gives us a higher planning certainty and flexibility in exploring funding options so that we can expedite our plans in the clinical development of our cancer compounds in order to further raise the value of our projects and our enterprise.” Release ends About 4SC The Group managed by 4SC AG (ISIN DE000A14KL72) discovers and develops targeted, small-molecule drugs for treating diseases with high unmet medical needs in various cancer and autoimmune indications. These drugs are intended to provide innovative treatment options that are more tolerable and efficacious than existing therapies, and provide a better quality of life. The Company’s pipeline comprises promising products that are in various stages of clinical development. 4SC’s aim is to generate future growth and enhance its enterprise value by entering into partnerships with leading pharmaceutical and biotech companies. Founded in 1997, 4SC had a headcount of 66 employees (57 FTEs) at 31 December 2014. 4SC AG has been listed on the Prime Standard of the Frankfurt Stock Exchange since December 2005. Cautionary statement regarding forward-looking statements For more information about 4SC please visit www.4sc.com or contact: 4SC AG MC Services The Trout Group 2015-04-27 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | 4SC AG | |
Am Klopferspitz 19a | ||
82152 Martinsried | ||
Germany | ||
Phone: | +49 (0)89 7007 63-0 | |
Fax: | +49 (0)89 7007 63-29 | |
E-mail: | public@4sc.com | |
Internet: | www.4sc.de | |
ISIN: | DE0005753818 | |
WKN: | 575381 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart | |
End of News | DGAP News-Service |
348553 2015-04-27 |