Perceptive Advisors, LLC inceases its position in Neptune Technologies & Bioressources Inc.

NEW YORK, Aug. 7, 2018 /CNW Telbec/ - Perceptive Advisors, LLC ("Perceptive Advisors") announces that on December 14, 2017 it acquired, on behalf of certain fund accounts it manages, 200,000 common shares (the "Initial Shares") of Neptune Technologies & Bioressources Inc. ("Neptune") (TSX: NEPT) (NASDAQ: NEPT), representing approximately 0.25% of the issued and outstanding common shares of Neptune. Immediately prior to the acquisition, Perceptive Advisors owned 7,850,315 common shares representing approximately 9.91% of the issued and outstanding common shares of Neptune. This acquisition increased Perceptive Advisors' position in the common shares of Neptune to 8,050,315, or approximately 10.16% of the issued and outstanding common shares.

In a series of three subsequent acquisitions conducted between December 15, 2017 and January 3, 2018, Perceptive Advisors acquired an additional 523,700 common shares of Neptune (together with the Initial Shares, the "Acquired Shares"), such that its security holder percentage increased to approximately 10.41% on December 15, 2017, 10.57% on December 29, 2017 and 10.82% on January 3, 2018.

The Acquired Shares were acquired through the facilities of the Nasdaq Stock Market at prices ranging from C$2.5856 to C$3.0706 per common share, for an aggregate purchase price of approximately C$2,009,840.

Perceptive Advisors inadvertently omitted to file a report under the Alternative Monthly Reporting System for the period ending December 31, 2017 to disclose that its security holder percentage increase to above 10% of the issued and outstanding common shares of Neptune. Consequently, a report on Form 62-103F1 (Required Disclosure Under the Early Warning Requirements) is being filed by Perceptive Advisors in accordance with applicable Canadian securities laws and will be available on SEDAR at www.sedar.com. In the future, Perceptive Advisors intends to file reports under the Alternative Monthly Reporting System for purposes of disclosing subsequent changes to its security holder percentage as and when required by Canadian securities laws.

Perceptive Advisors has not acquired or disposed of securities of Neptune since it became aware of its omission to file a report. Securities of Neptune are held by certain fund accounts managed by Perceptive Advisors as part of discretionary managed portfolios held on behalf of investment funds and were acquired for investment purposes. Depending on the evolution of Neptune's business, financial condition, the market for Neptune's securities, general economic conditions and other factors, Perceptive Advisors may in the future increase the ownership of common shares of Neptune, held by or on behalf of certain fund accounts it manages, from time to time, or sell some or all of the common shares of Neptune they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions, applicable securities laws and other relevant factors.

Neptune's head office is located at 545 Promenade du Centropolis, Suite 100, Laval, Québec H7T 0A3.

Perceptive Advisors is located at 51 Astor Place, 10th Floor, New York, New York, USA, 10003.

SOURCE Perceptive Advisors, LLC