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Leading Independent Advisory Firms ISS and Glass Lewis Recommend Shareholders of Aeterna Zentaris Vote FOR Share Consolidation
Leading Independent Advisory Firms ISS and Glass Lewis Recommend Shareholders of Aeterna Z...
About this update from Cosciens Biopharma Inc.
[{"type":"text","content":"\n\n\n\nLeading Independent Advisory Firms ISS and Glass Lewis Recommend Shareholders of Aeterna Zentaris Vote FOR Share Consolidation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nLeading Independent Advisory Firms ISS and Glass Lewis Recommend Shareholders of Aeterna Zentaris Vote FOR Share Consolidation\nCanada NewsWire\nQUEBEC CITY, Oct. 27, 2015\n\n\n\n\n\n\n\n\n\nQUEBEC CITY, Oct. 27, 2015 /CNW Telbec/ - Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZ) (the \"Company\") today announced that Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co., two leading independent proxy research and advisory firms, have published reports recommending that the Company's shareholders vote FOR a special resolution authorizing the consolidation of the issued and outstanding common shares of the Company at a consolidation ratio of between 8-for-1 and 100-for-1 (the \"Share Consolidation\") at a special meeting of shareholders to be held on Monday, November 16, 2015 at 9:30 a.m. (Eastern time) (the \"Meeting\").\n\n\"I am pleased that ISS and Glass Lewis, two leading independent research and advisory firms, validate the views of our Board of Directors that the proposed share consolidation would be in the best interest of the Company and its shareholders,\" stated David A. Dodd, Chairman, President and CEO of the Company.  \"We believe that the Share Consolidation is necessary in order to avoid the delisting of our Common Shares from The NASDAQ Capital Market and to improve our capital structure\", Mr. Dodd concluded.  \n\nThe Management Information Circular (the \"Circular\") sent to shareholders contains, among other things, details concerning the Share Consolidation, reasons that the Company's Board of Directors recommends the Share Consolidation, requirements for the Share Consolidation to be implemented and the procedure for receiving new shares if the Share Consolidation is implemented, as well as the procedures for voting at the meeting and other related matters.  Shareholders are urged to carefully review the C...