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Friday, March 24, 2023

Equity Corporate Actions Alert #2023 - 184
Information Regarding the Reverse Stock Split, Name, Symbol, CUSIP Number & Ratio Change for Midatech Pharma PLC (MTP)

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  • Industry Announcement

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Midatech Pharma PLC (MTP) will effect a one-for-four (1-4) reverse split of its American Depositary Shares and a ratio change from one (1) ADS representing twenty five (25) Ordinary Shares (1:25) to one (1) ADS representing four hundred (5) Ordinary Shares (1:5). The reverse stock split will become effective on Monday, March 27, 2023. In conjunction with the reverse split, the company's name, symbol & CUSIP number will also change.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Midatech Pharma PLC American Depositary Shares
New Company Name & Issue Type: Biodexa Pharmaceuticals plc American Depositary Shares
Current CUSIP: 59564R500
New CUSIP: 59564R609
Current Symbol: MTP
New Symbol: BDRX
Marketplace Effective Date: Monday, March 27, 2023

If you would like to register as a market maker in BDRX contact Nasdaq Trading Operations at +1 212 231 5100.

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