BioTime Commences Rights Offer.BERKELEY, Calif.--(BW HealthWire)--Feb. 12, 1999--BioTime, Inc. (Nasdaq:BTIM) announced that it commenced its rights offer under which it will offer 501,654 common shares to its shareholders. Shareholders will receive one right for each share owned. The rights entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holders to purchase one common share for every 20 rights owned at a subscription price of $9.75 per share. Shareholders who exercise all of their rights in full will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to the additional privilege of subscribing for and purchasing any common shares left over by rights holders who fail to exercise their rights, plus up to 250,000 shares to cover over-subscriptions, subject to certain limitations and subject to allocation. The rights offer will expire at 5:00 p.m. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time on March 9, 1999. The record date for determining BioTime shareholders entitled to receive the rights is Jan. 5, 1999. The rights are transferable and have been approved for trading on the Nasdaq SmallCap Market under the symbol BTIMR beginning on Feb. 17, 1999. BioTime common shares will begin to trade ex-dividend on Feb. 16, 1999.0 BioTime, headquartered in Berkeley, Calif., is engaged in the research and development of blood plasma blood plasma n. The yellow or gray-yellow, protein-containing fluid portion of blood in which the blood cells and platelets are normally suspended. volume expanders, blood replacement solutions during hypothermic hy·po·ther·mi·a n. Abnormally low body temperature. [hypo- + Greek therm (low temperature) surgery, organ preservation solutions and technology for use in surgery, emergency trauma treatment, the preservation of organs awaiting transplant transplant or graft Partial or complete organ or other body part removed from one site and attached at another. It may come from the same or a different person or an animal. One from the same person—most often a skin graft—is not rejected. , and other applications. |
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