Securities Registration (ads, Immediate) (f-6ef)

Date : 10/15/2019 @ 9:09PM
Source : Edgar (US Regulatory)
Stock : Akari Therapeutics PLC (AKTX)
Quote : 1.92  0.06 (3.23%) @ 4:59AM
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Securities Registration (ads, Immediate) (f-6ef)


As filed with the United States Securities and Exchange Commission on October 15, 2019

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM F-6
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 FOR AMERICAN DEPOSITARY SHARES
EVIDENCED BY
AMERICAN DEPOSITARY RECEIPTS

AKARI THERAPEUTICS, PLC
(Exact name of issuer of deposited securities as specified in its charter)

N/A
(Translation of issuer’s name into English)

England and Wales
(Jurisdiction of incorporation or organization of issuer)

DEUTSCHE BANK TRUST COMPANY AMERICAS
(Exact name of depositary as specified in its charter)

60 Wall Street
New York, New York 10005
(212) 250-9100
(Address, including zip code, and telephone number, including area code, of depositary’s principal executive offices)

Puglisi & Associates
850 Library Avenue, Suite 204
Newark, Delaware 19711
(302) 738-6680
(Address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Deutsche Bank Trust Company Americas
60 Wall Street
New York, New York 10005
(212) 250-9100
Kal Das, Esq.
Keith Billotti, Esq.
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
(212) 574-1200

It is proposed that this filing become effective under Rule 466:
☒ immediately upon filing.
☐ on (Date) at (Time)

If a separate registration statement has been filed to register the deposited shares, check the following box:  £
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount to be
Registered
Proposed Maximum
Aggregate Price Per Unit*
Proposed Maximum
Aggregate Offering Price**
Amount of Registration Fee
American Depositary Shares evidenced by American Depositary Receipts, each American Depositary Share representing
one hundred ordinary shares of Akari Therapeutics, Plc
50,000,000
$0.05
$2,500,000
$324.50

*
Each unit represents one American Depositary Share.
**
Estimated solely for the purpose of calculating the registration fee.  Pursuant to Rule 457(k), such estimate is computed on the basis of the maximum aggregate fees or charges to be imposed in connection with the issuance of receipts evidencing American Depositary Shares.
 



Explanatory Note
 
This Registration Statement on Form F-6 is being filed and the ADSs are being registered in order to accommodate the issuance of additional ADSs upon the deposit of ordinary shares of Akari Therapeutics, Plc.



This Registration Statement may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument.



PART I
INFORMATION REQUIRED IN PROSPECTUS

PROSPECTUS


The prospectus consists of the form of American Depositary Receipt included as Exhibit A to the Form of Amendment No. 2 to Deposit Agreement and filed as Exhibit (a)(4) to this registration statement and is incorporated herein by reference.
 
Item 1.
DESCRIPTION OF SECURITIES TO BE REGISTERED
 
CROSS REFERENCE SHEET

Item Number and Caption
 
Location in Form of American
Depositary Receipt (“Receipt”)
Filed Herewith as Prospectus
     
1.
Name of depositary and address of its principal executive office
 
Face of Receipt, Introductory article and bottom center
     
2.
Title of Receipts and identity of deposited securities
 
Face of Receipt, Top center
     
 
Terms of Deposit:
   
     
 
(i)
The amount of deposited securities represented by one American Depositary Share
 
Face of Receipt, Upper right corner
         
 
(ii)
The procedure for voting, if any, the deposited securities
 
Paragraph (15)
         
 
(iii)
The collection and distribution of dividends
 
Paragraph (13)
         
 
(iv)
The transmission of notices, reports and proxy soliciting material
 
Paragraphs (12), (14) and (15)
         
 
(v)
The sale or exercise of rights
 
Paragraphs (2), (6), (13), (16) and (21)
         
 
(vi)
The deposit or sale of securities resulting from dividends, splits or plans of reorganization
 
Paragraphs (13) and (16)
         
 
(vii)
Amendment, extension or termination of the deposit arrangements
 
Paragraphs (20) and (21) (no provision for extensions)
         
 
(viii)
Rights of holders of Receipts to inspect the transfer books of the depositary and the list of holders of Receipts
 
Paragraph (12)
         
 
(ix)
Restrictions upon the right to deposit or withdraw the underlying securities
 
Paragraphs (2), (3) and (4)
         
 
(x)
Limitation upon the liability of the depositary
 
Paragraphs (6), (10), (15), (16), (17), (18) and (21)
         
3.
Fees and charges which may be imposed directly or indirectly against holders of Receipts
 
Paragraph (9)


Item 2.
AVAILABLE INFORMATION
Paragraph (12)

Akari Therapeutics, Plc is subject to the periodic reporting requirements of the United States Securities Exchange Act of 1934, as amended, and, accordingly, files certain reports with, the Securities and Exchange Commission (the “Commission”).  These reports may be retrieved from the Commission’s website (www.sec.gov) and may be inspected and copied at the public reference facilities maintained by the Commission at 100 F Street, N.E., Washington D.C. 20549.
PART II

INFORMATION NOT REQUIRED IN PROSPECTUS
 
Item 3.
EXHIBITS
 
(a)(1)
Form of Deposit Agreement, dated as of      , 2012, by and among Celsus Therapeutics Plc, Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), and all Holders from time to time of American Depositary Shares evidenced by American Depositary Receipts issued thereunder - incorporated by reference to Exhibit (a) previously filed with the Registration Statement on Form F-6 (No. 333-185197) filed on November 30, 2012.
   
(a)(2)
Form of Amendment to Deposit Agreement - incorporated by reference to Exhibit (a)(2) previously filed with the Post-Effective Amendment No.1 to Registration Statement on Form F-6 (No. 333-185197) filed on December 24, 2013.
   
(a)(3)
Form of Amendment No. 2 to Deposit Agreement - incorporated by reference to Exhibit (a)(3) previously filed with the Post-Effective Amendment No.2 to Registration Statement on Form F-6 (File No. 333-185197) filed on September 9, 2015.
   
(a)(4)
Form of American Depositary Receipt – Filed herewith as Exhibit (a)(4).

(b)
Any other agreement to which the Depositary is a party relating to the issuance of the American Depositary Shares registered hereunder or the custody of the deposited securities represented thereby. – Not Applicable.

(c)
Every material contract relating to the deposited securities between the Depositary and Akari Therapeutics, Plc in effect at any time within the last three years. – Not Applicable.
 
(d)
Opinion of counsel to the Depositary as to the legality of the securities being registered. – Filed herewith as Exhibit (d).
 
(e) 
Certification under Rule 466. – Filed herewith as Exhibit (e).
 
(f)
Powers of Attorney for certain officers and directors and the authorized representative of Akari Therapeutics, Plc. – Set forth on the signature pages hereto.

Item 4.
UNDERTAKINGS
 
(a)
The Depositary hereby undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of the American Depositary Receipts, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities and (2) made generally available to the holders of the underlying securities by the issuer.
 
(b)
If the amounts of fees charged are not disclosed in the prospectus, the Depositary under-takes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request.  The Depositary under-takes to notify each registered holder of an American Depositary Receipt 30 days before any change in the fee schedule.
 

SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, as amended, Deutsche Bank Trust Company Americas, on behalf of the legal entity created by the Deposit Agreement, by and among Akari Therapeutics, Plc, Deutsche Bank Trust Company Americas, as depositary, and all Owners and Beneficial Owners from time to time of American Depositary Shares evidenced by American Depositary Receipts issued thereunder, certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Registration Statement on Form F-6 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on October 15, 2019.

 
Legal entity created by the Deposit Agreement for the issuance of American Depositary Receipts evidencing American Depositary Shares representing ordinary shares of Akari Therapeutics, Plc
 
     
 
Deutsche Bank Trust Company Americas, solely in its capacity as Depositary
 
       
       
 
By:
/s/ Michael Curran
 
 
Name:
Michael Curran
 
 
Title:
Vice President
 
       
       
 
By:
/s/ Michael Fitzpatrick
 
 
Name:
Michael Fitzpatrick
 
 
Title:
Vice President
 

 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, as amended, Akari Therapeutics, Plc certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in London, United Kingdom, on October 15, 2019.

 
Akari Therapeutics, Plc
 
       
       
 
By:
/s/ Clive Richardson
 
 
Name:
Clive Richardson
 
 
Title:
Chief Executive Officer and Chief Operating Officer
 

Each person whose signature appears below hereby constitutes and appoints Clive Richardson and Ray Prudo, and each of them severally, his true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his name, place and stead in any and all capacities the Registration Statement and any and all amendments thereto (including post-effective amendments) and any documents in connection therewith, and to file the same with the Securities and Exchange Commission, granting unto each of said attorneys full power to act with or without the other, and full power and authority to do and perform, in his name and on his behalf, every act whatsoever which such attorneys, or any one of them, may deem necessary or desirable to be done in connection therewith as fully and to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement or amendment has been signed by the following persons in the capacities indicated on October 15, 2019.
Signatures
 
Capacity
     
     
/s/ Ray Prudo, M.D.
   
Ray Prudo, M.D.
 
Executive Chairman of the Board of Directors
     
     
/s/ Clive Richardson
   
Clive Richardson
 
Chief Executive Officer, Chief Operating Officer, and Director
   

     
/s/ Annie Mack
   
Annie Mack
 
Financial Controller
     
     
     
/s/ Stuart Ungar, M.D.
   
Stuart Ungar, M.D.
 
Director
     
     
/s/ James Hill, MD
   
James Hill, MD
 
Director
     
     
/s/ David Byrne
   
David Byrne
 
Class A Director
     
     
/s/ Donald Williams
   
Donald Williams
 
Class A Director
     
     
/s/ Michael Grissinger
   
Michael Grissinger
 
Class A Director
     
     
/s/ Dr. Peter Feldschreiber
   
Dr. Peter Feldschreiber
 
Class A Director



SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT

Under the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Akari Therapeutics, Plc has signed this Registration Statement in Newark, Delaware, on October 15, 2019.
 
Authorized U.S. Representative
 
       
       
 
By:
/s/ Donald J. Puglisi
 
 
Name:
Donald J. Puglisi
 
 
Title:
Managing Director of Puglisi & Associates
 



INDEX TO EXHIBITS


Exhibit Number
 
(a)(4) Form of American Depositary Receipt
 
(d) Opinion of counsel to the Depositary
 
(e) Rule 466 Certification



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