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Replies to post #253 on Retractable Technologies Inc (RVP)
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B
Convertible Preferred Stock Shareholders
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 $12,000.00
and $42,800.00, respectively. 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 July 1, 2019 through date of conversion or September 30, 2019,
whichever is applicable. The dividends will be paid on October 21, 2019 to
shareholders of record as of the close of business on October 11, 2019.
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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.retractable.com&esheet=52102979&newsitemid=20190930005649&lan=en-US&anchor=www.retractable.com&index=1&md5=f0a855f3ef95f82d2ce9ed8187062d01)
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