Motif Bio PLC Holding(s) in Company (3015R)

TIDMMTFB

RNS Number : 3015R

Motif Bio PLC

08 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                  Motif Bio 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 
-------------------------------------------------------------------------------------------------------- 
 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                                                  Issue of ADSs on Initial Public Offering   Y 
  specify):                                                                                    on Nasdaq 
---------------------------------------------------------  --------------------------------------------- 
 3. Full name of person(s)                                    Sabby Healthcare Master Fund, 
  subject to the                                               Ltd 
  notification obligation:                                     Sabby Management, LLC 
  (iii)                                                        Hal Mintz 
-----------------------------------------------------------  ----------------------------------------------- 
 4. Full name of shareholder(s)                               Sabby Healthcare Master Fund, 
  (if different from 3.):(iv)                                  Ltd 
-----------------------------------------------------------  ----------------------------------------------- 
 5. Date of the transaction                                                                 23 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer                                                                    30 November 2016 
  notified: 
-----------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are                                                                             >9% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------- 
 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) 
------------    ------------   ------------   -------------  --------  -----------  --------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------- 
 Type of         Expiration     Exercise/                      Number of voting      % of voting 
 financial        date           Conversion                     rights that           rights 
 instrument       (xiii)         Period (xiv)                   may be 
                                                                acquired if 
                                                                the 
                                                                instrument 
                                                                is 
                                                                exercised/ 
                                                                converted. 
--------------  -------------  -----------------------------  --------------------  ------------------- 
 American 
  Depositary 
  Shares                                                       17,191,980            9.52 
--------------  -------------  -----------------------------  --------------------  ------------------- 
 
 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 
---------------------------------------------  -------------------------------------------------------- 
 17,191,980                                     9.52 
---------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
 Hal Mintz is manager of Sabby Management LLC, which 
  serves as the investment manager of Sabby Healthcare 
  Master Fund Ltd. Each of Sabby Management, LLC and Hal 
  Mintz disclaims beneficial ownership over the securities 
  listed except to the extent of their pecuniary interest 
  therein. 
 
 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:                                              Robert Grundstein 
-------------------------------------------------------------  ------------------ 
 15. Contact telephone number:                                       646-307-4500 
-------------------------------------------------------------  ------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLIFSDFLLTIIR

(END) Dow Jones Newswires

December 08, 2016 02:45 ET (07:45 GMT)