Rutherford Health - 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 £0.001 each ("Ordinary Shares").


Number of Ordinary Shares

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.

 

 

 

 

Contacts

Rutherford Health plc

Tel: +44 (0) 16 3381 0661



Mike Moran, Chief Executive Officer




Grant Thornton (Corporate Adviser)


Colin Aaronson/ Jamie Barklem/ Niall McDonald 

Tel: +44 (0) 20 7383 5100



Media House International


Ramsay Smith                                                              

 

07788 414 856 or Ramsay@mediahouse.co.uk

 


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