TIDMVRP

RNS Number : 8336F

Verona Pharma PLC

01 August 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                    Verona Pharma plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ----------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                      X 
----------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  -------------------------------- 
 3. Full name of person(s)                                    Abingworth LLP 
  subject to the                                               Abingworth Bioventures VI 
  notification obligation:                                     LP 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                               State Street (Nominees) Limited 
  (if different from 3.):(iv)                                  (as nominee for Abingworth 
                                                               Bioventures V LP) 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                           29 July 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                              29 July 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                                  Above 3%, 4%, 5%, 6% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: Abingworth LLP 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                  Resulting situation after the 
  of              to the triggering                   triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ----------------------------------  ------------------------------------------------------------------ 
                 Number            Number            Number          Number of                % of voting 
                 of                 of                of shares       voting                   rights (x) 
                 Shares             Voting                            rights 
                                    Rights 
--------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 Verona Pharma 
  plc            0                 0                 175,527,671                175,527,671                 6.84% 
  GB00B06GSH43 
  0.1p Ords 
                ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                         Number of voting           % of voting 
  instrument          date            Conversion                        rights that                rights 
                      (xiii)          Period (xiv)                      may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise        Expiration      Exercise/         Number of voting           % of voting 
 financial          price          date            Conversion         rights instrument          rights (xix, 
 instrument                        (xvii)          period             refers to                  xx) 
                                                   (xviii) 
----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 175,527,671                                           6.84% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 8. Notified details: Abingworth Bioventures VI LP 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                Resulting situation after the 
  of              to the triggering                 triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  --------------------------------  -------------------------------------------------------------------- 
                 Number           Number           Number          Number of                   % of voting 
                 of                of               of shares       voting                      rights (x) 
                 Shares            Voting                           rights 
                                   Rights 
--------------  ---------------  ---------------  --------------  --------------------------  ------------------------ 
                                                   Direct          Direct          Indirect    Direct        Indirect 
                                                                    (xi)            (xii) 
--------------      -----------    -----------    --------------  --------------  ----------  ------------  ---------- 
 Verona Pharma 
  plc            0                0                175,527,671     175,527,671                 6.84% 
  GB00B06GSH43 
  0.1p Ords 
                ---------------  ---------------  --------------  --------------  ----------  ------------  ---------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                        Number of voting              % of voting 
  instrument          date           Conversion                       rights that                   rights 
                      (xiii)         Period (xiv)                     may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
------------------  -------------  -------------------------------  ----------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise       Expiration     Exercise/         Number of voting              % of voting 
 financial          price         date           Conversion         rights instrument             rights (xix, 
 instrument                       (xvii)         period             refers to                     xx) 
                                                 (xviii) 
----------------  -------------  -------------  ----------------  ----------------------------  ---------------------- 
                                                                                                 Nominal     Delta 
----------------  -------------  -------------  ----------------  ----------------------------  ----------  ---------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 175,527,671                                         6.84% 
--------------------------------------------------  ------------------------------------------------------------------ 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------- 
                                                                 Abingworth Bioventures VI LP (which holds 175,527,671 
                                                               shares in the company (6.84%)) is managed by Abingworth 
                                                                                                                  LLP. 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------------------------------------  ------------------------------------ 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
--------------------------------------------------------------------------------  ------------------------------------ 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
--------------------------------------------------------------------------------  ------------------------------------ 
 
 
  13. Additional information: 
--------------------------------------------------  ------------------------------------------------------------------ 
 14. Contact name:                                                                                          John Heard 
--------------------------------------------------  ------------------------------------------------------------------ 
 15. Contact telephone number:                                                                           020 7534 1500 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUGUAGRUPQGUG

(END) Dow Jones Newswires

August 01, 2016 06:20 ET (10:20 GMT)

Verona Pharma (LSE:VRP)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Verona Pharma Charts.
Verona Pharma (LSE:VRP)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Verona Pharma Charts.