Ashton Technology Announces Results Of Voting On Consent Solicitation To Amend The Warrant Agreement Of The Company's Redeemable Common Stock Purchase Warrants.Business Editors/Hi-Tech Writers PHILADELPHIA--(BUSINESS WIRE)--Jan. 10, 2001 The Ashton Technology Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASTN ASTN Automatic Switched Transport Network (optical networks) ASTN Automatically Switched Transport Network (ITU-T) ASTN Automotive Satellite Television Network ASTN Astern ASTN Astronomic ) announced today that insufficient consents were received from Warrant Holders to amend the terms of the Warrant Agreement between the Company and Holders of the Company's Redeemable Common Stock Purchase Warrants. The results of the consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with were that holders of 2,054,455 (59.893%) Warrants consented to the Amendment, holders of 148,664 (4.334%) Warrants withheld consent, holders of 8,880 (.259%) Warrants abstained, and holders of 1,217,920 (35.514%) Warrants did not vote. The consent solicitation, which ended on January 8, 2001, required the consent of 66.66% of Warrants outstanding. The consent solicitation sought to amend the terms set forth in the Warrant Agreement by reducing the redemptive trading price Trading price The price at which a security is currently selling. of the Warrants from $6.75 per share to $5.50 per share, and by decreasing the exercise price of the Warrants from $5.85 per Warrant to $4.50 per Warrant. The Ashton Technology Group, Inc. is an e-commerce company developing a network of affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . The Ashton companies build and market technology-based products and services enabling business and consumers to execute better-informed transactions within global electronic marketplaces. The Ashton companies create electronic transaction and distribution systems for the global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry utilizing advanced telecommunications, computing, data, and information security, and Internet technologies. |
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