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TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."


TSX:TST - Post by User

Post by RetailRubeon Sep 30, 2015 10:18am
240 Views
Post# 24148830

15:1 Share Consolidation

15:1 Share ConsolidationThe Management Information Circular and Voting Proxy Form were posted to Sedar.com yesterday morning.  One voting resolution is for shareholders to consolidate shares by up to 15:1 at management's discretion.  Board of Directors standing for election do not include anyone from Consonance Capital.  Only new director candidate is the person to replace Rod Bud who resigned to enable the company to meet SEC rules.  Several other resolutions related to employee share option ceiling, a retirement plan (possibly a renewal of the existing plan ... I did not read the details), and renewal of the shareholder protection plan in case of a hostile takeover offer.  That's all from a quick read.  I hope I got it right.
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