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DJ Rutherford Health PLC Holding(s) in Company and Total Voting Rights

TIDMRUTH

RNS Number : 6807M

Rutherford Health PLC

17 September 2019

17 September 2019

Rutherford Health Plc

Holdings in the Company

Rutherford Health plc (the "Company", "Rutherford" or "Group") announces that following the completion of the issue of shares, as announced on 11 September 2019 (the "Share Issue"), the Company has today received notification from Woodford Investment Management Limited regarding its subscription for 7,102,273 Rutherford ordinary shares of GBP0.001 each ("Ordinary Shares") which were admitted to trading on NEX on 16 September 2019.

Following the issue of these new Ordinary Shares pursuant to the Share Issue, each of LF Woodford Equity Income Fund and Woodford Patient Capital Trust plc, has the following holdings.

 
                                                     Percentage        Percentage 
                              Number of Ordinary      of issued      of total voting 
                                    Shares          share capital        rights 
 LF Woodford Equity Income 
  Fund                               38,766,186*           21.57%             19.50% 
 Woodford Patient Capital 
  Trust plc                           52,136,363           29.01%             29.78% 
 

As announced on 11 September 2019, the Company has 179,700,533 Ordinary Shares in issue,

As LF Woodford Equity Income Fund is limited to 19.50 per cent. of the Company's voting rights, the voting rights of all other shareholders have been adjusted accordingly.

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), Rutherford has 175,073,723 Ordinary Shares in issue with voting rights attached. Rutherford holds no shares in treasury. This figure of 175,073,723 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the DTRs.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

The directors of Rutherford Health plc accept responsibility for this announcement.

Contacts

 
Rutherford Health Plc 
Michael Moran, Chief Executive                          Tel: +44 (0) 16 3381 
 Officer                                                                0661 
 
Grant Thornton (Corporate Adviser)                      Tel: +44 (0) 20 7383 
                                                                        5100 
Colin Aaronson/ Jamie Barklem/ 
 Niall McDonald 
 
Media House International 
Ramsay Smith                        07788 414 856 or Ramsay@mediahouse.co.uk 
 

* Adjusted voting rights of 34,139,376

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                         Rutherford Health Plc 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                         --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights                                                        X 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                     Woodford Investment Management Ltd 
 City and country of registered office                    Oxford, United Kingdom 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                         --------------------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                         --------------------------------------------------------- 
 5. Date on which the threshold was                       16/09/2019 
  crossed or reached(vi) : 
                                                         --------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):           17/09/2019 
                                                         --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                      % of voting         % of voting rights    Total of both    Total number 
                                     rights attached      through financial      in % (8.A +      of voting rights 
                                    to shares (total         instruments             8.B)         of issuer(vii) 
                                        of 8. A)            (total of 8.B 
                                                              1 + 8.B 2) 
                                -----------------------  -------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                             49.28%                                    49.28%           175,073,723 
                                -----------------------  -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                            48.55%                                    48.55% 
                                -----------------------  -------------------  ----------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on 
  which the threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of     Number of voting rights(ix)                    % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                  ---------------------------------------------  ----------------------------------------------- 
                          Direct                Indirect                  Direct                 Indirect 
                    (Art 9 of Directive    (Art 10 of Directive     (Art 9 of Directive     (Art 10 of Directive 
                       2004/109/EC)            2004/109/EC)        2004/109/EC) (DTR5.1)        2004/109/EC) 
                         (DTR5.1)               (DTR5.2.1)                                       (DTR5.2.1) 
                  ---------------------  ----------------------  -----------------------  ---------------------- 
 GB00BJCWB146      86,275,739                                     49.28% 
                  ---------------------  ----------------------  -----------------------  ---------------------- 
 
 SUBTOTAL 8. A                      86,275,739                                        49.28% 
                  ---------------------------------------------  ----------------------------------------------- 
 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of financial   Expiration   Exercise/                Number of voting        % of voting 
  instrument          date(x)      Conversion Period(xi)    rights that may         rights 
                                                            be acquired if 
                                                            the instrument 
                                                            is 
                                                            exercised/converted. 
                    -----------  -----------------------  ----------------------  ------------ 
 
                                  SUBTOTAL 8. B 1 
                                 -----------------------  ----------------------  ------------ 
 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of financial   Expiration   Exercise/      Physical or        Number of        % of voting 
  instrument          date(x)      Conversion     cash               voting rights    rights 
                                   Period (xi)    settlement(xii) 
                    -----------  -------------  -----------------  ---------------  ------------ 
 
                                                 SUBTOTAL 8.B.2 
                                                -----------------  ---------------  ------------ 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                    X 
  by any natural person or legal entity and does not control 
  any other undertaking(s) holding directly or indirectly 
  an interest in the (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity(xiv) 
  (please add additional rows as necessary) 
        Name(xv)            % of voting rights       % of voting rights       Total of both 

(MORE TO FOLLOW) Dow Jones Newswires

September 17, 2019 13:04 ET (17:04 GMT)

DJ Rutherford Health PLC Holding(s) in Company and -2-

                              if it equals or         through financial        if it equals 
                             is higher than the       instruments if it        or is higher 
                            notifiable threshold     equals or is higher    than the notifiable 
                                                     than the notifiable         threshold 
                                                          threshold 
                         ------------------------  ---------------------  --------------------- 
 Woodford Investment 
  Management Ltd          49.28                     0.00                   49.28 
                         ------------------------  ---------------------  --------------------- 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                   -------------------------------------------- 
 The number and % of voting rights 
  held 
                                                   -------------------------------------------- 
 The date until which the voting 
  rights will be held 
                                                   -------------------------------------------- 
 
 11. Additional information(xvi) 
 LF Woodford Equity Income Fund is limited to 19.50 per cent. 
  of the Company's voting rights, and the figure above has been 
  adjusted to reflect this. 
 
 
 
 Place of completion   Oxford 
 Date of completion    17/09/2019 
                      ----------- 
 

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END

NEXSFSFWWFUSESU

(END) Dow Jones Newswires

September 17, 2019 13:04 ET (17:04 GMT)