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24 Dec 2008 12:00
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TR-1(i):Β NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedΒ (ii):
Vernalis PLC
2. Reason for the notificationΒ (pleaseΒ place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights:Β ( X )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached:Β ( )
An event changing the breakdown of voting rights:Β ( )
Other (please specify) :Β ( )
3. Full name of person(s) subject to the notification obligationΒ (iii):
BVF Partners LP
4. Full name of shareholder(s)Β (if different from 3.)Β (iv):
MorganΒ Stanley & Co - 49,287,000
JP MorganΒ Bear Stearns Securities Corp -Β 39,681,967
5. Date of the transaction (and date on which the threshold is crossed or reachedΒ if different)Β (v):
Not disclosed
6. Date on which issuer notified:
23rdΒ December 2008
7. Threshold(s) that is/are crossed or reached:
24%
8. Notified details:
N/A
A: Voting rights attached to shares
|
Class/type of sharesΒ if possible using the ISIN CODE |
Situation previous to the Triggering transactionΒ (vi) |
|
|
|
Number of shares |
Number of voting RightsΒ (viii) |
|
Ordinary 5p GBΒ 0032750324 |
NOT ADVISED |
NOT ADVISED |
Resulting situation after the triggering transaction (vii)
|
Class/type of sharesΒ if possible using the ISIN CODE |
Number of sharesΒ |
Number of voting rightsΒ (ix) |
% of voting rights |
||
|
|
|
DirectΒ (x) |
IndirectΒ (xi) |
Direct |
Indirect |
|
Ordinary 5p GBΒ 0032750324 |
88,968,967 |
88,968,967 |
24.49% |
||
B: Financial Instruments
Resulting situation after the triggering transactionΒ (xii)
|
Type of financial instrument |
Expiration DateΒ (xiii) |
Exercise/Conversion Period/ DateΒ (xiv) |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
|
N/A |
N/A |
N/A |
N/A |
N/A |
Total (A+B)
|
Number of voting rights |
% of voting rights |
|
88,968,967 |
24.49% |
9.Β Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicableΒ (xv):
N/A
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
The further persons mentioned above who are interested in these shares are BVF IncΒ (the general partner of BVF Partners LP)Β and Mark Lampart, the controlling shareholder of BVF Inc.
14. Contact name:
JAD Slater,Β ChiefΒ OperatingΒ Officer
15. Contact telephone number:
0118 977 3133
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