Last checked at 1 Jul 2014 11:28
1 July, 2014
BEXIMCO PHARMACEUTICALS LTD.
Stock Dividend Issued and Total Voting Rights
Beximco Pharmaceuticals Limited ("BPL" or "Company"; AIM Symbol: BXP) announces that the stock dividend proposed on 9 May 2014 and passed by shareholdersat the Annual General Meeting on 21 June 2014 has been credited to shareholder accounts.
The Company has applied for the admission of 3,928,026 new Global Depositary Receipts ("GDRs") issued in respect of the stock dividend to be admitted to trading on AIM and admission is expected to occur at 8:00 am on 7 July 2014 ("Admission").
Following Admission, the total issued share capital of the Company will be 367,851,652 ordinary shares of Taka 10 ("Ordinary Shares"), of which 82,488,552 will be represented by GDRs, each representing one Ordinary Share. The new Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares, all having voting rights.
Shareholders in the Company may use the number of 367,851,652 Ordinary Shares to calculate their reporting obligations under DTR 5.
For further information please visit www.beximco-pharma.com or enquire to:
Beximco Pharma
Nazmul Hassan MP, Managing Director
Tel: +880 2 861 9151, ext.20080
Daniel Stewart & Company (NOMAD and Broker)
Emma Earl
Paul Shackleton
Tel: +44 (0)20 7776 6550
FTI Consulting
Simon Conway / Victoria Foster Mitchell
Tel: +44 (0)20 3727 1000
Notes to Editors
About Beximco Pharmaceuticals Limited
Founded in 1976 and based in Dhaka, Bangladesh, Beximco Pharma manufactures and sells generic pharmaceutical formulation products and active pharmaceutical ingredients. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies. The Company operates from a 23 acre site in Dhaka and has manufacturing facilities for producing various drugs in different delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, prefilled syringes, injectables, nebulizer solutions etc. Ensuring access to quality medicines is the powerful aspiration that motivates 2,700 employees of the Company.
Beximco Pharma's state-of-the-art manufacturing facilities are certified by global regulatory authorities of Australia, European Union and Brazil, among others. The Company's products are sold to retail outlets, medical institutions and other pharmaceutical manufacturers in Bangladesh, in regional markets such as Sri Lanka, Nepal, Bhutan, Vietnam, Cambodia and Myanmar and in other markets overseas, principally in Africa, including Mauritius, Kenya, Ghana and Nigeria, Pacific Island and Latin & Central American countries, Middle East and South East Asia, including Singapore, Malaysia, Philippines and Hong Kong.