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June 13, 2014
08:09 EDTNEPTNeptune Technologies says Sherbrooke plant to resume production
Neptune Technologies announced that its Sherbrooke, Quebec, Canada production facility has received all required operating permits and production will now resume. Production will commence gradually and the corporation anticipates a ramp up period of around 90 days before reaching production capacity of approximately 150 metric tons of krill oil annually. The plant will focus on producing Neptune's NKO krill oil, and later this year Neptune will also make available three new condition-specific formulations.
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January 13, 2015
17:14 EDTNEPTNeptune Technologies and NeuroBioPharm announces arrangement agreement
Neptune Technologies & Bioressources and NeuroBioPharm, a subsidiary of Neptune, announce that they have entered into an arrangement agreement which will result in the indirect acquisition by Neptune of all of the issued and outstanding shares of NeuroBio. The Arrangement Agreement provides, amongst other things, that NeuroBio will amalgamate with a newly formed wholly-owned subsidiary of Neptune and that each shareholder of NeuroBio will receive, as applicable, (i) 0.046296296 share of Neptune for each Class A share of NeuroBio held, (ii) 0.185185185 share of Neptune for each Class B share of NeuroBio held, (iii) 0.092592593 share of Neptune for each Class G share of NeuroBio held, and (iv) 0.208333333 share of Neptune for each Class H share of NeuroBio held. An interim order of the Superior Court of Québec granted today provides for, among other things, the calling and holding of a special meeting of shareholders to consider the Arrangement.
17:12 EDTNEPTNeptune Technologies reports Q3 revenue $4.71M, consensus $5.60M.
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