Effective date

Zhihu Inc. Announces Plan to Implement ADS Ratio Change

Retrieved on: 
金曜日, 4月 26, 2024
Chase Bank, Sale, Zhihu, JPMorgan Chase, ADS, Tax, Effective date, Security (finance)

For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split.

Key Points: 
  • For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split.
  • No fractional new ADSs will be issued in connection with the ADS Ratio Change.
  • The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
  • As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionately upon the effectiveness of the ADS Ratio Change, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than six times the ADS trading price before the change.

Biophytis announces ratio change under its American Depositary Receipt (“ADR”) program

Retrieved on: 
金曜日, 5月 3, 2024
Euronext Growth, Ratio, ADS, Therapy, American depositary receipt, ADR, Effective date, Notifiable disease

The effective date of the Ratio Change (the “Effective Date”) is expected to be April 23, 2024.

Key Points: 
  • The effective date of the Ratio Change (the “Effective Date”) is expected to be April 23, 2024.
  • ADS beneficial holders who hold through an ADR holder intermediary need not take any action in connection with the Ratio Change.
  • No new Shares will be issued in connection with the Ratio Change and this Ratio Change does not change the total number of Biophytis ordinary shares.
  • As a result of the Ratio Change, the trading price of the Company’s ADSs is expected to automatically increase proportionally, but the Company can give no assurance that the ADS trading price following the Ratio Change will be at least equal to the ADS trading price before the Ratio Change multiplied by the new 40:1 ratio.

Burning Rock Announces ADS Ratio Change

Retrieved on: 
金曜日, 4月 26, 2024
Sale, London Stock Exchange, Depository Trust Company, NGS, ADS, Effective date, Security (finance)

GUANGZHOU, China, April 26, 2024 (GLOBE NEWSWIRE) -- Burning Rock Biotech Limited (NASDAQ: BNR and LSE: BNR, the “Company” or “Burning Rock”), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, today announced that it will change the ratio of its American depositary shares (the “ADSs”) to Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing ten (10) Class A ordinary shares (the “ADS Ratio Change”).

Key Points: 
  • GUANGZHOU, China, April 26, 2024 (GLOBE NEWSWIRE) -- Burning Rock Biotech Limited (NASDAQ: BNR and LSE: BNR, the “Company” or “Burning Rock”), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, today announced that it will change the ratio of its American depositary shares (the “ADSs”) to Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing ten (10) Class A ordinary shares (the “ADS Ratio Change”).
  • For Burning Rock’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-ten reverse ADS split.
  • No fractional new ADSs will be issued in connection with the change in the ADS Ratio Change.
  • As a result of the ADS Ratio Change, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the ADS Ratio Change will be equal to or greater than ten times the ADS price before the change.

Gabelli Equity Income Fund Reaffirms $1.20 Distribution Policy and Announces Conversion of C1 Class

Retrieved on: 
月曜日, 4月 22, 2024
Prospectus, OTCQX, Policy, C1, GAMCO Investors, Effective date, Fund

GREENWICH, Conn., April 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of The Gabelli Equity Income Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of $1.20 per share.

Key Points: 
  • GREENWICH, Conn., April 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of The Gabelli Equity Income Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of $1.20 per share.
  • If Class C1 shares are not redeemed prior to the Effective Date, each shareholder owning Class C1 shares of the Fund will own Class C shares of the Fund equal to the aggregate value of the shareholder’s Class C1 shares.
  • The Gabelli Equity Income Fund is managed by Gabelli Funds, LLC and distributed by G.distributors, LLC, subsidiaries of GAMCO Investors, Inc. (OTCQX: GAMI).
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

NuCana Announces Completion of ADS Ratio Change

Retrieved on: 
火曜日, 4月 16, 2024
Sale, DTC, NCNA, Ratio, Depository Trust Company, ADS, Tax, Citibank, American depositary receipt, Effective date, FICC, DRS, Security (finance)

The ADS Ratio Change became effective on April 16, 2024 (the “Effective Date”).

Key Points: 
  • The ADS Ratio Change became effective on April 16, 2024 (the “Effective Date”).
  • For the Company's ADS holders, the change in the ADS Ratio has the same effect as a one-for-twenty-five reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company.
  • The ADS Ratio Change affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity, except to the extent that the ratio change would have resulted in a shareholder owning fractional ADSs.
  • As a result of the ADS Ratio Change, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be proportionally equal to or greater than the previous ADS trading price prior to the change or that the Ratio Change will have any effect on the liquidity in the Company’s ADSs.

SABA’s Board of Trustees Approves Share Repurchase Program, Reverse Stock Split, and Declassification of Board of Trustees

Retrieved on: 
水曜日, 5月 1, 2024
Banking, Asset Management, Professional Services, Finance, Sale, Investment, Weather, Nature, Risk, NAV, Cyclone, Earthquake, Security (finance), Stock split, Past performance, Effective date, Fund, Share repurchase, David Gal, Gain (electronics)

The repurchase program will require reauthorization by the Board for each new fiscal year.

Key Points: 
  • The repurchase program will require reauthorization by the Board for each new fiscal year.
  • The Board has approved a reverse stock split (the “Reverse Split”) of the Fund’s common shares at a ratio of 1-for-2.
  • As of the Effective Date, every two shares of the Fund’s issued and outstanding common shares will be converted into one common share.
  • The annual election of all trustees at once will align the Fund’s corporate governance to the best-in-class standard of the industry.

Rigrodsky Law, P.A. and Rowley Law PLLC Announce a Class Action and Proposed Settlement for All Persons Who Held Fewer Than 1,000 Shares of Westell Technologies, Inc. Common Stock

Retrieved on: 
月曜日, 4月 15, 2024
Westell, Agreement, Hearing, Compromise, Prejudice, CLASS, Judgement, Class, ARE, The Honourable, Counsel, Effective date, Transaction, ACTION, Episcopal conference, All, Settlement, Person, Plaintiff, Insurance

YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

Key Points: 
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • If approved by the Court, the Settlement will resolve all claims in the Action against Defendants.
  • Class Members do not have to submit a claim form to receive a payment from the Settlement.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Plaintiff's Counsel.

Robex Announces Share Consolidation

Retrieved on: 
木曜日, 3月 28, 2024
Letter, CUSIP, TMX Group, Consolidation, NOT, Effective date, Security (finance)

QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or the "Company") (TSXV: RBX) announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29, 2023, on the basis of one (1) post-consolidation common share for ten (10) pre-consolidation common shares (the "Consolidation"), which will take effect on April 1st, 2024 (the "Effective Date").

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    QUEBEC CITY, March 28, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. ("Robex" or the "Company") (TSXV: RBX) announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29, 2023, on the basis of one (1) post-consolidation common share for ten (10) pre-consolidation common shares (the "Consolidation"), which will take effect on April 1st, 2024 (the "Effective Date").
  • After the Consolidation, the shares will have a new CUSIP number and a new ISIN number.
  • The Consolidation will reduce the number of issued and outstanding common shares of the Company from approximately 844,054,403 common shares to 84,405,449 common shares upon completion of the Consolidation.
  • No fractional common shares will be issued in connection with the Consolidation and all fractional common shares that would otherwise have been issued will be rounded to the nearest whole common share.

NuCana Announces Plan to Implement ADS Ratio Change

Retrieved on: 
水曜日, 3月 27, 2024
Tax, Sale, ADS, DTC, DRS, Depository Trust Company, NCNA, Effective date, Depositary, American depositary receipt, Security (finance)

EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").

Key Points: 
  • EDINBURGH, United Kingdom, March 27, 2024 (GLOBE NEWSWIRE) -- NuCana plc (NASDAQ: NCNA) announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing twenty-five (25) ordinary shares (the "ADS Ratio").
  • The change in the ADS Ratio is expected to become effective on or about April 16, 2024 (the "Effective Date").
  • For the Company's ADS holders, the change in the ADS Ratio has the same effect as a one-for-twenty-five reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company.
  • As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than the previous ADS trading price prior to the change or that the change in the ADS Ratio will have any effect on the liquidity in the Company’s ADSs.

Labaton Keller Sucharow Announces a Proposed Class Action Settlement for All Record Holders and Beneficial Owners of Sculptor Capital Management, Inc. Common Stock Whose Shares Rithm Capital Corp. Acquired at the Closing of the Merger

Retrieved on: 
金曜日, 4月 5, 2024
Class Action Lawsuit, Professional Services, Legal, Vii, Agreement, Prejudice, Notice, Defendant, Class, Episcopal conference, CLASS, Judgement, ARE, Settlement, Plaintiff, Eligibility, Effective date, Hearing, Compromise, LP, Mergers and acquisitions

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,

Key Points: 
  • SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS ACTION, SETTLEMENT HEARING,
    All record holders and beneficial owners of Sculptor Capital Management, Inc. (“Sculptor”) common stock whose shares Rithm Capital Corp. (“Rithm”) acquired at the closing of the Merger.1
    PLEASE READ THIS SUMMARY NOTICE CAREFULLY.
  • YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
  • The proposed Settlement, if approved, will resolve all claims in the Action and result in the dismissal of the Action with prejudice.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.