DNA Dynamics, Inc. Announces Return of 20m Shares to Treasury
LEAMINGTON SPA, England, June 21, 2011 /PRNewswire/ — DNA Dynamics, Inc. (PK:DNAD) has seen one of its officer’s return 20m shares of the company’s common stock to the treasury. The Chief Operating Officer has also split his remaining 30m shares between himself and the Chief Executive Office.
Speaking of the move, Ed Blincoe, CEO of DNA Dynamics had this to say: “It is essential that, where possible, we look to keep the issued share capital to a minimum and we are pleased to have been able to have reached this agreement.”
The re-allocation of shares to make a more balanced shareholding across the board is also a positive move for the officers, the shareholder and for the company as a whole.
The board room share restructuring was completed on Monday, 20th June 2011.
As of Tuesday 21st June 2011, the Share Structure is as follows:
350,000,000 Authorized Share Capital
98,655,843 Free Trading Shares (Float)
160,305,793 Issued Share Capital
About DNA Dynamics, Inc: DNAD is a Global Publisher and Developer of Mobile Games and Applications for multiple platforms.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company’s control.
SOURCE DNA Dynamics, Inc.