Verona Pharma plc — Major Shareholding Notification 2017

May 5, 2017

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RNS Number : 3498E

Verona Pharma PLC

05 May 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Verona Pharma PLC
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 to the notification obligation:		OrbiMed Private Investments VI, LP
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:		May 2, 2017
6. Date on which issuer notified:		May 4, 2017
7. Threshold(s) that is/are crossed or reached:		Greater than 10% ownership

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares				Number of voting rights			% of  voting rights
Direct		Indirect		Direct	Indirect		Direct	Indirect
GB00B06GSH43	4,669,847			4,669,847			4,669,847				4,669,847			4.72%
US9250501064							5,333,328				5,333,328			5.39%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date			Exercise/ Conversion Period				Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date			Exercise/ Conversion period	Number of voting rights instrument refers to				% of voting rights
													Nominal		Delta
Total (A+B+C)
Number of voting rights									Percentage of voting rights
10,003,175									10.10%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
These securities are held of record by OrbiMed Private Investments VI, LP ("OPI VI"). OrbiMed Capital GP VI LLC ("GP VI") is the sole general partner of OPI VI, and OrbiMed Advisors LLC ("Advisors"), is the sole managing member of GP VI. Samuel D. Isaly ("Isaly"), a natural person, is the managing member of, and holder of a controlling interest in, Advisors.
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:	Douglas Coon
15. Contact telephone number:	212-739-6400

This information is provided by RNS

The company news service from the London Stock Exchange

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