Generex Provides Update to Pending 1:1 Stock Dividend
GENEREX BIOTECHNOLOGY (GNBT)
US:NASDAQ Investor Relations:
generex.com/investor
Company Research
Source: GlobeNewswire
MIRAMAR, Fla., June 07, 2019 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (www.generex.com) (OTCQB:GNBT) (http://www.otcmarkets.com/stock/GNBT/quote), in response to the large volume of investor calls, today provided an update on its new 1:1 dividend that has been approved by the Generex Board of Directors and as previously announced, will be declared on June 20, 2019, subject to any necessary regulatory approvals. This dividend will be tied to a NASDAQ or NYSE stock listing and will be paid on the day the Company is up-listed. The Company plans to submit an up-list application to an exchange shortly after the June 21, 2019 shareholders conference call. Please note, for the dividend to be declared, certain non-float holding shareholders will have to waive their rights to receive the dividend; not all have provided written agreement at this time. Joe Moscato, President and Chief Executive Officer of Generex said, “When we took control of Generex in January 2017, we had a 3
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