Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Convertible Preferred Stock Shareholders
January 08 2021 - 2:32PM
Business Wire
Retractable Technologies, Inc. (NYSE American: RVP) announced
today that its Board of Directors has declared dividends to holders
of its Series I Class B and Series II Class B Convertible Preferred
Stock in the amounts of $10,041 and $39,050, respectively. Over the
entire accrual period, the dividend amount is $0.125 per share for
Series I Class B shareholders and $0.25 per share for Series II
Class B shareholders. Dividends have accrued at 10% per annum and
cover amounts in arrears from October 1, 2020 through date of
conversion or December 31, 2020 whichever is applicable. The
dividends will be paid on January 29, 2021. All Series I Class B
Convertible Preferred Stock was redeemed as of December 31, 2020.
The record date for the Series II Class B Convertible Stockholders
is January 19, 2021.
Retractable manufactures and markets VanishPoint® and Patient
Safe® safety medical products and the EasyPoint® needle. The
VanishPoint® syringe, blood collection, and IV catheter products
are designed to prevent needlestick injuries and product reuse by
retracting the needle directly from the patient, effectively
reducing exposure to the contaminated needle. Patient Safe®
syringes are uniquely designed to reduce the risk of bloodstream
infections resulting from catheter hub contamination. The
EasyPoint® is a retractable needle that can be used with luer lock
syringes, luer slip syringes, and prefilled syringes to give
injections. The EasyPoint® needle also can be used to aspirate
fluids and for blood collection. Retractable's products are
distributed by various specialty and general line distributors.
For more information on Retractable, visit its website at
www.retractable.com.
Forward-looking statements in this press release are made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995 and reflect Retractable's current
views with respect to future events. Retractable believes that the
expectations reflected in such forward-looking statements are
accurate. However, Retractable cannot assure you that such
expectations will materialize. Actual future performance could
differ materially from such statements.
Factors that could cause or contribute to such differences
include, but are not limited to: the impact of COVID-19 on all
facets of logistics and operations, as well as costs, Retractable’s
ability to complete capital improvements and ramp up domestic
production in response to government agreements, potential tariffs,
Retractable's ability to maintain liquidity; Retractable's
maintenance of patent protection; Retractable's ability to maintain
favorable third party manufacturing and supplier arrangements and
relationships; foreign trade risk; Retractable's ability to access
the market; production costs; the impact of larger market players
in providing devices to the safety market; and other risks and
uncertainties that are detailed from time to time in Retractable's
periodic reports filed with the U.S. Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210108005534/en/
Retractable Technologies, Inc. John W. Fort III, 888-806-2626 or
972-294-1010 Vice President and Chief Financial Officer
Retractable Technologies (AMEX:RVP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Retractable Technologies (AMEX:RVP)
Historical Stock Chart
From Sep 2023 to Sep 2024