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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 

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(END) Dow Jones Newswires

March 19, 2020 10:46 ET (14:46 GMT)