Alexion Announces Two-For-One Stock Split
-- Alexion Added to NASDAQ-100 Index --
CHESHIRE, Conn.--(BUSINESS WIRE)--
Alexion Pharmaceuticals, Inc. (Nasdaq: ALXN) announced today that its
Board of Directors has approved a two-for-one stock split, payable in
the form of a 100 percent stock dividend.
The stock split is subject to approval by Alexion stockholders of an
amendment to Alexion's certificate of incorporation to increase the
number of authorized shares of common stock from 145 million to 290
million, which will be acted upon at Alexion's Annual Meeting of
Stockholders on May 11, 2011. If the certificate of incorporation is
amended, the stock split will be effected and stockholders will receive
one additional share of common stock for every share they own as of the
close of business on May 2, 2011. The additional shares are expected to
be distributed on or about May 20, 2011. As of February 11, 2011 the
Company had approximately 91.3 million shares of common stock
outstanding.
Separately, Alexion announced that it has been included in the
NASDAQ-100 Index, effective April 4, 2011, prior to market open. The
NASDAQ-100 Index includes 100 of the largest domestic and international
non-financial companies listed on The Nasdaq Stock Market based on
market capitalization.
About Alexion
Alexion Pharmaceuticals, Inc. is a biopharmaceutical company working to
develop and deliver life-changing drug therapies for patients with
serious and life-threatening medical conditions. Alexion is engaged in
the discovery, development and commercialization of therapeutic products
aimed at treating patients with a wide array of severe disease states,
including hematologic and kidney diseases, neurologic disorders,
ophthalmic, transplant, other inflammatory disorders, and cancer. Soliris®
(eculizumab), Alexion's first marketed product, is approved in more than
35 countries as a therapy for patients with PNH, a debilitating and
ultra-rare life-threatening blood disorder. Alexion is evaluating other
potential indications for Soliris and is pursuing development of other
innovative biotechnology product candidates in early stages of
development. This press release and further information about Alexion
Pharmaceuticals, Inc. can be found at: www.alexionpharma.com.
Proxy Statement
In connection with the 2011 Annual Meeting of Stockholders, Alexion
will file a proxy statement with the Securities and Exchange Commission,
or SEC. Stockholders are advised to read the definitive proxy statement
carefully and in its entirety when it becomes available because it will
contain important information about the proposals to be presented and
voted upon. Stockholders may obtain a copy of the definitive proxy
statement when available and any other relevant documents filed by
Alexion for free at the SEC web site at www.sec.gov.
The definitive proxy statement and other documents also may be obtained
when available for free from Alexion Pharmaceuticals, Inc., 352 Knotter
Drive, Cheshire, Connecticut 06410.
[ALXN-G]
Alexion Pharmaceuticals, Inc.
Irving Adler, 203-271-8210
Sr.
Director, Corporate Communications
or
Media
Makovsky
& Company
Mark Marmur, 212-508-9670
or
Investors
Rx
Communications
Rhonda Chiger, 917-322-2569
Source: Alexion Pharmaceuticals, Inc.
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