Blis to clean up share register, buying shares held by up to two thirds of investors

Fri, 21 Dec 2012

Dec. 21 (BusinessDesk) – Blis Technologies, the NZX-listed biotech company, has given three months’ notice of a plan to mop up small shareholdings to cut costs, a move affecting 63 percent of its current investors. The company has got permission from the NZX to set 25,000 shares as the minimum holding. That accounts for almost two third of its shareholders who own a total of 1.73 percent of the company. At today’s price of 1.1 cents, 25,000 shares are worth just $275. The shares have dropped 66 percent this year. “In its examination of all...

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