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Neose Technologies, Inc. (NTEC) Announces Final Liquidating Distribution



6/10/2010 10:27:23 AM

WILLOW GROVE, Pa.--(BUSINESS WIRE)--Neose Technologies, Inc. (Trading symbol: NTEC.PK) today announced that, in accordance with the Plan of Complete Liquidation and Dissolution (the “Plan of Liquidation”) approved by its stockholders on January 26, 2009, its Board of Directors has approved a final liquidating distribution (the “Final Liquidating Distribution”) in the amount of $0.0121 per share of common stock. The Final Liquidating Distribution will have a record date of March 2, 2009, which is the date on which the Company filed its Certificate of Dissolution with the Secretary of State of Delaware and closed its stock transfer books. The Final Liquidating Distribution will have a payable date of June 16, 2010 and an ex-dividend date of June 17, 2010. The Company will make no further distributions beyond the Final Liquidating Distribution. There is no requirement for stockholders to surrender shares in connection with the Final Liquidating Distribution.

Read at BioSpace.com


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