Intrexon Corporation made an offer to acquire 52.44% stake in Aqua Bounty Technologies, Inc. (AIM:ABTX) for $6.6 million on October 31, 2012. Intrexon will acquire 53.62 million shares and will pay $0.123 per share. In a related transaction, Intrexon Corporation agreed to acquire 47.56% stake in Aqua Bounty Technologies, Inc. (AIM:ABTX) from Tethys Ocean B.V. for $6 million on October 31, 2012. Giles Balleny of Nomura Code Securities Limited acted as financial advisor for Aqua Bounty Technologies. Harry Chathli and Claire Norbury of Luther Pendragon acted as PR advisors for Aqua Bounty Technologies. Nigel Read and Sarah Symons of Hogan Lovells acted as legal advisors for Intrexon.

Intrexon Corporation cancelled the acquisition of 52.44% stake in Aqua Bounty Technologies, Inc. (AIM:ABTX) on January 4, 2013. The transaction cancelled as the threshold of constituting more than 50% of the issued and outstanding shares of AquaBounty was not met. Therefore, AquaBounty shareholders who accepted the offer and tendered their shares will be returned their relevant share certificates and other documents of title in accordance with the terms of the offer.