24 Nov 2009 07:00
24 November 2009
Akers Biosciences Inc.
("ABI or the "Company")
Holdings in Company
Akers Biosciences, Inc (AIM:AKR), a leading designer and manufacturer of rapid diagnostic screening and testing products, received notification on 23 November 2009 that Legal & General Group plc, or its subsidiaries ("Legal & General"), have acquired an interest in the Company following the purchase of 6,800,000 Common Shares of nil par value in the Company on 20 November 2009. Following this transaction Legal & General's total interest in the Company is 6,800,000 Common Shares, representing approximately 5.96 per cent. of the Company's issued share capital.
ABI also received notification on 20 November 2009 that funds controlled by Southridge Capital Management LLC (Brittany Capital) now have an interest in the Company of 15,717,135 Common Shares, representing approximately 13.79 per cent. of the Company's issued share capital.
Enquiries:
Thomas A. Nicolette
President and CEO
Tel. +1 856 848 8698
Ben SimonsM: CommunicationsTel. +44 (0)20 7920 2340
Alasdair Younie/Ben Wells
Arbuthnot Securities Limited
Tel. +44 (0)20 7012 2000
AKR.L (AKR)
Legal & General (LGEN)