Neptune Settles On Claims on Employment Contract By Former Chief Executive Officer
Neptune Wellness Solutions Inc. - Ordinary Shares (NEPT)
US:NASDAQ Investor Relations:
newswire.ca/news-releases/neptune-technologies--bioressources-retains-roi-group-to-serve-as-investor-relations-counsel-533975331.html
Company Research
Source: PR Newswire
LAVAL, QC, May 10, 2019 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Corporation") (NASDAQ: NEPT) (TSX: NEPT), announced that it has settled regarding certain claims made by the Corporation's former chief executive officer (the "Former CEO") against the Corporation in respect of the termination of his employment with the Corporation. Pursuant to the agreement entered, Neptune agrees to issue 600,000 common shares from treasury (in accordance with securities regulation) and transfer 2,100,000 shares of Acasti Pharma Inc. held by the Corporation to the Former CEO. In addition, Neptune agrees to reimburse nominal legal fees. Neptune receives full and final release on all procedures in connection with this case. The Former CEO was claiming the payment of approximately $8,500,000 and the issuance of equity instruments as severance entitlements under his employment contract.About Neptune Wellness Solutions Inc.Neptune Wellness Solutions specializes in the extraction, pu
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NEPT
News
- Neptune Appoints Interim President and CEO and Interim COO [Yahoo! Finance]Yahoo! Finance
- Neptune Appoints Interim President and CEO and Interim COOAccesswire
- Neptune Wellness Solutions Inc (NASDAQ: NEPT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Neptune Announces Decision of Nasdaq Hearings Panel To Delist Common Shares [Yahoo! Finance]Yahoo! Finance
- Neptune Announces Decision of Nasdaq Hearings Panel To Delist Common SharesAccesswire
NEPT
Earnings
- 8/17/23 - Beat
NEPT
Sec Filings
- 3/6/24 - Form 8-K
- 3/6/24 - Form 4
- 2/27/24 - Form 8-K
- NEPT's page on the SEC website