Closure of Restricted Stock Line

RNS Number : 8925R

MyCelx Technologies Corporation

26 September 2017

 

 26 September 2017

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 29 September 2017.

Application has been made to the London Stock Exchange for the transfer of an additional 15,057,638 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 USU624551078 and SEDOL B56S0J1) (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 15,053,336 Common Shares which have been transferred by shareholders upon expiry of the restricted period under Regulation S of the US Securities Act of 1933 and 4,302 Common Shares under the Omnibus Performance Incentive Plan 2011 block listing which remain unissued. Together with the transfer of the 797,695 Common Shares as announced on 21 September 2017, the Company has applied to the London Stock Exchange for the transfer of a total of 15,855,333 Common Shares from the Restricted Line to the Unrestricted Line at 8.00 a.m. on 29 September 2017.

Trading in the Company's Restricted Line will cease at 8.00 a.m. on 29 September 2017 and, as previously disclosed, all Common Shares currently trading on the Restricted Line will from then on continue to trade on the Unrestricted Line.  

From 29 September 2017, all of the 18,770,117 Ordinary 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 

 

END

 

 

MSCLFMFTMBTTBLR