Shareholders of Tiziana Life Sciences plc approved a re-domestication from the UK to Bermuda via a Scheme of Arrangement. In addition the newly formed Bermuda corporation, Tiziana Life Sciences Ltd will effect a one-for-two (1-2) reverse stock split of the Common Shares upon the effectiveness of the scheme. As a result, one (1) American Depositary Shares of Tiziana Life Sciences plc (TLSA) will be converted into one (1) share of Tiziana Life Sciences Ltd Common Shares. The ticker symbol will remain TLSA.
The details are as follows:
|Current Company Name/Description:||Tiziana Life Sciences plc American Depositary Shares
|New Company Name/Description:||Tiziana Life Sciences Ltd. Common Shares
|Ratio of Exchange:||One (1) Tiziana Life Sciences Ltd Common Shares for each ADS held. ADS cancellation fee of $0.05 per ADS
||Marketplace Effective Date:||October 21, 2021
If you would like to register as a market maker in TLSA, contact Nasdaq Trading Services at +1 212 231 5100.