Biophytis Announces Ratio Change Under its American Depositary Receipt (“ADR”) Program
Biophytis SA - American Depositary Share (BPTS)
Company Research
Source: Accesswire
PARIS, FRANCE / CAMBRIDGE, MA / ACCESSWIRE / March 17, 2023 / Biophytis SA (NasdaqCM:BPTS, Euronext Growth Paris:ALBPS) (the "Company" or "Biophytis"), a clinical-stage biotechnology company focused on the development of therapeutics that slow the degenerative processes associated with aging, including severe respiratory failure in patients suffering from COVID-19, today annouces that it will change the ratio of its American Depositary Shares (the "ADSs") to Biophytis ordinary shares (the "Shares") from one ADS representing 10 Shares, to one ADS representing 100 Shares (the "Ratio Change"). The effective date of the Ratio Change (the "Effective Date") is expected to be March 30th, 2023.Pursuant to the Ratio Change, as of the Effective Date, record holders who directly hold ADRs will be required to exchange their existing ADRs for new ADRs on the basis of one new ADR for every 10 existing ADRs surrendered. The Depositary will contact ADR holders and arrange for the exchange of their ex
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