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04 March 2016

Prima BioMed Receives NASDAQ Notice of Bid Price Deficiency


SYDNEY, AUSTRALIA - Prima BioMed Ltd (NASDAQ: PBMD; ASX: PRR) (“Prima”, the “Company”), has received notification from the Listing Qualifications Department of The NASDAQ Stock Market (the “Staff”) indicating that, for the period from January 13, 2016 through February 26, 2016, the closing bid price of the Company’s American Depositary Shares, or ADS, had not been maintained at the minimum required closing bid price of at least US$1.00 per share as required for continued listing on The NASDAQ Global Market pursuant to NASDAQ Listing Rule 5450(a)(1) (the “Minimum Bid Price Rule”).