TyraTech, Inc. Proposed Migration of Shares (6966A)
24 February 2014 - 6:00PM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 6966A
TyraTech, Inc.
24 February 2014
24 February 2014
TyraTech, Inc.
("TyraTech" or the "Company")
Proposed Migration of Shares
TyraTech, Inc. (AIM: TYR and TYRU), a natural life sciences
company, announces that it intends to carry out a sponsored
migration in relation to certain of its common shares of US$0.001
in the Company ("Common Shares"), which trade on the Company's
restricted trading line under TIDM 'TYR' with ISIN number
USU890581080, to the Company's unrestricted trading line under TIDM
'TYRU' with ISIN number US90239R2031.
The migration is in response to requests received from a number
of the Company's shareholders to remove the trading restrictions on
their shares and migrate such shares from the restricted to the
unrestricted line of stock.
Removal of the trading restrictions allows the shares to be:
-- transferred to its unrestricted trading line (TIDM: TYRU); and
-- settled (at the election of the shareholder), by means of
Depositary Interests, through the CREST electronic settlement
system.
The Company is making the necessary arrangements to carry out
the migration and will contact shareholders who it believes are
eligible to migrate their shares in due course in order to provide
them with further instructions on how to do so.
In general, under U.S. securities law, Common Shares that have
been in issue for more than one year and are not held by an
'affiliate' of the Company qualify for characterisation as
unrestricted Common Shares ("Unrestricted Common Shares"). An
affiliate for this purpose is a person that directly, or indirectly
through one or more intermediaries, controls, or is controlled by,
or is under common control with, the Company or a director or
officer of the Company. All Unrestricted Common Shares are eligible
for migration to, and trading on, the Company's unrestricted TYRU
line.
For further information please contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman Tel: +44 7841978709
Bruno Jactel, Chief Executive Officer Tel: +1 919 415 4340
SPARK Advisory Partners Limited, Nominated Adviser
Matt Davis / Mark Brady Tel: +44203 368 3552
Tel: +44203 368 3551
Allenby Capital Limited , Joint Broker
Chris Crawford Tel: +44 20 3328 5656
Whitman Howard Limited, Joint Broker
Ranald Mc-Gregor Smith / Niall Devins Tel: +44 20 7087 4555
Walbrook, Financial PR and IR
Bob Huxford /Guy McDougall (Public Relations) Tel: +44 20 7933 8792
Paul Cornelius (Investor Relations) Tel: +44 20 7933 8794
This information is provided by RNS
The company news service from the London Stock Exchange
END
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