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VRP Verona Pharma Plc

55.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Verona Pharma Plc LSE:VRP London Ordinary Share GB00BYW2KH80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.00 45.00 65.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Verona Pharma PLC Holding(s) in Company (9441F)

23/05/2017 8:44am

UK Regulatory


TIDMVRP

RNS Number : 9441F

Verona Pharma PLC

23 May 2017

 
 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 
----------------------------------------------------------------  -------------------------------- 
 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                                                                    X 
  specify): 
  Change to 
  notifiable 
  interest following 
  share issue. 
---------------------------------------------------------  -----  -------------------------------- 
 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                                                            19 May 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                               22 May 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                          Downward crossing of the 7%, 
  crossed or                                                                             threshold 
  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            3,510,553        3,510,553        3,510,553     0                    3,510,553   0               3.36% 
  GB00B06GSH43 
  5p Ords 
                ---------------  ---------------  ------------  -------------------  ----------  --------------  ----------- 
 Verona Pharma 
 plc 
 US9250501064 
 ADSs            3,705,000        3,705,000        3,705,000     0                    3,705,000   0               3.54% 
--------------  ---------------  ---------------  ------------  -------------------  ----------  --------------  ----------- 
 
 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 
--------------------------------------------------  ------------------------------------------------------------------------ 
 7,215,553                                           6.90% 
--------------------------------------------------  ------------------------------------------------------------------------ 
 
 
 
 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            3,510,553        3,510,553                  3,510,553     3,510,553       0          3.36%         0 
  GB00B06GSH43 
  5p Ords 
                ---------------  -------------------------  ------------  --------------  ---------  ------------  ---------- 
 Verona Pharma 
 plc 
 US9250501064 
 ADSs            3,750,000        3,750,000                  3,705,000     3,705,000       0          3.54          0 
--------------  ---------------  -------------------------  ------------  --------------  ---------  ------------  ---------- 
 
 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 
------------------------------------------------------------------------  --------------------------------------------------- 
 7,215,553                                                                 6.90% 
------------------------------------------------------------------------  --------------------------------------------------- 
 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 7,215,553 
                                                                      shares in the company (6.90%)) 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

HOLPGUGCAUPMUMW

(END) Dow Jones Newswires

May 23, 2017 03:44 ET (07:44 GMT)

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