Synthesis Energy Systems, Inc. Announces a 1 for 8 Reverse Stock Split Effective Monday December 4, 2017 Under the New Stock Symbol SES
SYNTHESIS ENERGY SYSTEMS (SYMX)
US:NASDAQ Investor Relations:
ir.synthesisenergy.com
Company Research
Source: GlobeNewswire
HOUSTON, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in the clean and efficient production of low-cost synthesis gas for high value energy and chemical products, today announced that its Board of Directors has declared a 1 for 8 reverse stock split of the Company`s common stock effective on Monday, December 4, 2017. The reverse stock split was approved by SES’s Board of Directors, and was approved by a majority of its shareholders in a special meeting held on November 29, 2017. The Company’s common stock will commence trading on a post-split basis under the new symbol “SES” at the opening of trading on Monday, December 4, 2017. DeLome Fair, SES’s President and CEO, commented: “This reverse stock split occurs at a pivotal time for SES as we expand our industry-leading gasification technology globally outside of China, where it has been commercially proven with 12 SGT systems. The Board and management strongly believe that as
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