Akers Biosciences: Holding(s) in Company | Company Announcements

Thursday 17 December, 2009

Akers Biosciences

Holding(s) in Company

RNS Number : 2821E

Akers Biosciences, Inc.

17 December 2009

Akers Biosciences Inc.

("ABI or the "Company")

Holdings in Company

Akers Biosciences, Inc (AIM:AKR), a leading designer and manufacturer of rapid diagnostic screening and testing products, received notification on 16 December 2009 that Legal & General Group plc, or its subsidiaries ("Legal & General"), purchased 5,000,000 Common Shares of nil par value in the Company on 15 December 2009. Following this transaction Legal & General's total interest in the Company is 14,000,000 Common Shares, representing approximately 12.28 per cent. of the Company's issued share capital.

ABI also received notification on 16 December 2009 that funds controlled by Southridge Capital Management LLC (Brittany Capital) now have an interest in the Company of 9,417,135 Common Shares, representing approximately 8.35 per cent. of the Company's issued share capital.

Enquiries:

Thomas A. Nicolette

President and CEO

Tel. +1 856 848 8698

Ben Simons
M: Communications
Tel. +44 (0)20 7920 2340

Alasdair Younie/Ben Wells

Arbuthnot Securities Limited

Tel. +44 (0)20 7012 2000

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLGUGGPPUPBUBM

Investegate takes no responsibility for the accuracy of the information within the site.

The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.