TIDMVRP

RNS Number : 8343F

Verona Pharma PLC

01 August 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 
 1. Identity of the issuer or the underlying 
  issuer of existing shares to which voting 
  rights are attached: ii                                                                             Verona Pharma 
                                                                                                      PLC 
---------------------------------------------------  ----------------------------------------------------------------- 
 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) subject 
   to the notification obligation: iii                                            OrbiMed Private Investments VI, LP 
----------------------------------------  ---------------------------------------------------------------------------- 
 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv 
----------------------------------------  ---------------------------------------------------------------------------- 
 5. Date of the transaction and date 
  on which the threshold is crossed                                                                      July 29, 2016 
  or 
  reached: v 
----------------------------------------  ---------------------------------------------------------------------------- 
 
   6. Date on which issuer notified:                                                                     July 28, 2016 
----------------------------------------  ---------------------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached: vi, vii                                                                        Greater than 5% ownership 
----------------------------------------  ---------------------------------------------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
--------------------------------------------------------------------------------------------------------------------- 
 Class/type of         Situation previous        Resulting situation after the triggering 
  shares                to the triggering         transaction 
                        transaction 
  if possible using 
  the ISIN CODE 
--------------------  ------------------------  --------------------------------------------------------------------- 
                       Number of    Number of    Number of        Number of voting            % of voting rights 
                        Shares       Voting       shares           rights                      x 
                                     Rights 
--------------------  -----------  -----------  ---------------  --------------------------  ------------------------ 
                                                                                    Indire 
                                                   Direct           Direct xi        ct xii     Direct       Indirect 
--------------------  -----------  -----------  ---------------  ----------------  --------  -----------  ----------- 
 
 
 
    GB00B06GSH43                0            0      233,492,342       233,492,342        0         9.10%            0 
--------------------  -----------  -----------  ---------------  ----------------  --------  -----------  ----------- 
 
 
 
   B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------- 
 
   Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/            Number of voting         % of voting rights 
  instrument          date xiii    Conversion Period    rights that may 
                                   xiv                  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 financial   Exercise   Expiration   Exercise/       Number of voting     % of voting rights 
  instrument          price      date xvii    Conversion      rights instrument    xix, 
                                              period xviii    refers to            xx 
------------------  ---------  -----------  --------------  -------------------  --------------------- 
 
                                                                                    Nominal      Delta 
------------------  ---------  -----------  --------------  -------------------  -----------  -------- 
 
 
 
 
   Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 
   233,492,342               9.10% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the financial instruments are effectively held, if applicable: xxi 
--------------------------------------------------------------------------------- 
   These securities are held of record by OrbiMed Private Investments VI, 
    LP ("OPI VI"). OrbiMed Capital GP VI LLC ("GP VI") is the sole general 
    partner of OPI VI, and OrbiMed Advisors LLC ("Advisors"), is the sole 
    managing member of GP VI. Samuel D. Isaly ("Isaly"), a natural person, 
    is the managing member of, and holder of a controlling interest in, Advisors. 
--------------------------------------------------------------------------------- 
 
 
 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:                 Douglas Coon 
---------------------------------  -------------- 
 
   15. Contact telephone number:     212-739-6400 
---------------------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUGUBGRUPQGUG

(END) Dow Jones Newswires

August 01, 2016 06:40 ET (10:40 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.