INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
On May 9, 2022, PureTech Health plc (LSE: PRTC, Nasdaq: PRTC) (the Company) announced the commencement of a $50 million share
repurchase program (the Program) of its ordinary shares of one pence each (Ordinary Shares). The Company executed the Program in two equal tranches, the first of which was completed on October 26, 2022, and the second
which was completed on February 7, 2024. In respect of each of the two tranches, PureTech entered into an irrevocable non-discretionary instruction with Jefferies International Limited
(Jefferies) in relation to the purchase by Jefferies of Ordinary Shares for an aggregate consideration (excluding expenses) of no greater than $25 million and the simultaneous on-sale of such
Ordinary Shares by Jefferies to PureTech. Jefferies makes its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Company. Purchases may have continued during any close period to which the Company is
subject. Any purchase of Ordinary Shares under the second tranche of the Program were carried out on the London Stock Exchange and any other UK recognized investment exchange which was agreed, in accordance with
pre-set parameters and in accordance with, and subject to limits, including those limits related to daily volume and price, prescribed by the Companys general authority to repurchase Ordinary Shares
granted by its shareholders at its most recent annual general meeting on June 13, 2023, Chapter 12 of the Financial Conduct Authoritys UK Listing Rules, Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic
law by the European Union (Withdrawal) Act 2018) and Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018). All Ordinary Shares repurchased under the Program are held in
treasury. Between May 9, 2022 and February 7, 2024, the Company repurchased an aggregate of 20,182,863 ordinary shares under the Share Buyback Programme, which represents approximately 7% of the Companys issued share capital at the
time the programme commenced. The Company intends to update its capital return strategy in light of the expected closing of the pending merger between its Founded Entity, Karuna Therapeutics, Inc. (Nasdaq: KRTX), and Bristol Meyers Squibb (NYSE:
BMY).
During the month ended February 29, 2024, the Company had the following daily purchases of its own Ordinary Shares under the Program through
Jefferies:
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Date |
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Ordinary Shares Repurchased |
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Volume Weighted Average Price Paid per Ordinary Share |
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Highest Price Paid |
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Lowest Price Paid |
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February 1, 2024 |
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87,581 |
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197.26p |
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198.00p |
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194.40p |
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February 2, 2024 |
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61,102 |
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191.32p |
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194.40p |
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189.40p |
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February 5, 2024 |
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67,637 |
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190.35p |
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194.40p |
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189.00p |
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February 6, 2024 |
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77,754 |
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192.62p |
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195.00p |
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190.00p |
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February 7, 2024 |
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23,059 |
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190.25p |
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195.20p |
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188.00p |
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During the month ended February 29, 2024, the Company repurchased an aggregate of 317,133 Ordinary Shares. As of
February 29, 2024, the Companys issued share capital was 289,468,159 shares, 19,518,418 of which were held in treasury, resulting in total voting rights in the Company of 269,949,741 shares. To view the details of the individual
transactions, please paste the following URL(s) into the address bar of your browser with respect to each individual date of repurchase under the Program:
February 1, 2024: https://data.fca.org.uk/artefacts/NSM/RNS/5053857.html
February 2, 2024: https://data.fca.org.uk/artefacts/NSM/RNS/5055380.html
February 5, 2024: https://data.fca.org.uk/artefacts/NSM/RNS/5057001.html
February 6, 2024: https://data.fca.org.uk/artefacts/NSM/RNS/5058561.html
February 7, 2024: https://data.fca.org.uk/artefacts/NSM/RNS/5060068.html