Vernalis PLC Holding(s) in Company (2739F)

TIDMVER

RNS Number : 2739F

Vernalis PLC

26 July 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                                          Vernalis plc 
  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) subject                                              Woodford Investment Management LLP 
  to the                                                                                                (Woodford) 
  notification obligation: (iii) 
-------------------------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                                                Clients of Woodford 
  (if different from 3.):(iv) 
-------------------------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction and date                                                                    22.07.2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer notified:                                                                      25.07.2016 
-------------------------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                           28% 
-------------------------------------------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous                            Resulting situation after the triggering 
 of               to the triggering                             transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
--------------  --------------------------------------------  ---------------------------------------------------------------------------------- 
                 Number                  Number                Number                Number of voting                 % of voting rights 
                  of                      of                    of shares             rights                           (x) 
                  Shares                  Voting 
                                          Rights 
--------------  ----------------------  --------------------  --------------------  -------------------------------  --------------------------- 
                                                               Direct                Direct                Indirect   Direct         Indirect 
                                                                                      (xi)                  (xii) 
--------------      ------------------    ------------------  --------------------  --------------------  ---------  -------------  ------------ 
 
 
  GB00B3Y5L754         146,877,297             146,877,297           148,077,297           148,077,297                   28.14% 
                ----------------------  --------------------  --------------------  --------------------  ---------  -------------  ------------ 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------------------ 
 Type of financial   Expiration            Exercise/                                   Number of voting                   % of voting 
  instrument          date (xiii)           Conversion Period                           rights that may                    rights 
                                            (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           Exercise              Expiration            Exercise/             Number of voting                   % of voting rights 
 financial          price                 date (xvii)           Conversion            rights instrument                  (xix, xx) 
 instrument                                                     period                refers to 
                                                                (xviii) 
----------------  --------------------  --------------------  --------------------  ---------------------------------  ------------------------- 
                                                                                                                        Nominal        Delta 
----------------  --------------------  --------------------  --------------------  ---------------------------------  -------------  ---------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  -------------------------------------------------------------------------------- 
 
                             148,077,297                                                             28.14% 
--------------------------------------------------------------  -------------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------- 
 
   Woodford, as Investment Manager. 
 
 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:                                                             Akpene Akonou 
----------------------------------------------------------------------------  -------------- 
 15. Contact telephone number:                                                  01865 809024 
----------------------------------------------------------------------------  -------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLSESFFMFMSEIW

(END) Dow Jones Newswires

July 26, 2016 07:53 ET (11:53 GMT)