DJ Rutherford Health PLC Break-up of Concert Party
RNS Number : 8502G
Rutherford Health PLC
19 March 2020
19 March 2020
Rutherford Health plc
Break-up of Concert Party
Rutherford Health plc ("Rutherford" or the "Company"), formerly Proton Partners International Limited, announces that the members of the Concert Party, as described in the Company's NEX Exchange Growth Market Admission Document dated 25 February 2019 ("Admission Document"), are no longer regarded by the Takeover Panel to be acting in concert.
The members of the former Concert Party are set out below: LF Equity Income Fund (formerly LF Woodford Equity Income Fund), Schroder UK Public Private Trust plc (formerly Woodford Patient Capital Trust plc) and Omnis Income & Growth Fund, each of which was previously managed by Woodford Investment Management Ltd, now has a different fund manager. The members of the former Concert Party hold the following number of Rutherford ordinary shares of GBP0.001 each ("Ordinary Shares").
Number of Ordinary Shares Percentage LF Equity Income Fund 57,027,018 28.81% Schroder UK Public Private Trust plc 52,136,363 26.34% Ominis Income & Growth Fund 2,129,565 1.08% Wales Life Sciences Investment Fund 10,000,000 5.05% TOTAL 115,816,205 61.27% Maximum position per Admission Document 156,043,478 67.06%
Any acquisition by a member of the former Concert party will be subject to Rule 9 of the Takeover Code.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
The directors of the Company accept responsibility for the content of this announcement.
Rutherford Health plc Tel: +44 (0) 16 3381 0661 Mike Moran, Chief Executive Officer Grant Thornton (Corporate Adviser) Colin Aaronson/ Jamie Barklem/ Niall Tel: +44 (0) 20 McDonald 7383 5100 Media House International Ramsay Smith 07788 414 856 or Ramsay@mediahouse.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact firstname.lastname@example.org or visit www.rns.com.
(END) Dow Jones Newswires
March 19, 2020 10:46 ET (14:46 GMT)