No fractional shares will be issued in connection with the reverse stock split. Shareholders who would otherwise hold a fractional share of the Company's common stock will receive a cash payment in lieu of such fractional share.After the reverse stock split takes effect, shareholders holding physical share certificates will receive instructions from the Company's exchange agent regarding the process for exchanging their shares. Shareholders with shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact of the reverse stock split reflected in their accounts after November 5, 2012. Beneficial holders may contact their bank, broker, or nominee for more information.
Paragon Shipping Announces Results Of 2012 Annual General Meeting Of Shareholders And Implementation Of Reverse Stock Split
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