Publication of Circular & Convening of EGM
01/12/2022 07:00
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RNS Number : 1152I RTW Venture Fund Limited 01 December 2022
LEI: 549300Q7EXQQH6KF7Z84
1 December 2022
RTW Venture Fund Limited
Publication of Circular & Convening of EGM
Further to the announcement on 28 November 2022, RTW Venture Fund Limited (the
"Company") announces that documentation has been filed with the U.S. Internal
Revenue Service to change the Company's tax status, with effect from 1
December 2022, from a "publicly traded partnership" or "PTP" to a corporation
for U.S. federal tax purposes ("Tax Election").
A shareholder circular (the "Circular") has been published today on the
Company's website at www.rtwfunds.com/venture-fund
(http://www.rtwfunds.com/venture-fund) . In addition, a copy of the Circular
has been submitted to the National Storage Mechanism and will shortly be
available for viewing online at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .
A notice of an Extraordinary General Meeting ("EGM") is contained in the
Circular. At the EGM, Shareholders will be asked (a) to approve the adoption
of new articles of incorporation, which will be updated to reflect the U.S.
federal tax status of the Company following completion of the Tax Election and
the reorganisation; and (b) to ratify the decision of the Board to make the
Tax Election.
This information is not intended to be all-inclusive or to render specific
professional tax advice. Shareholders are urged to consult with their
independent tax advisors to determine the tax consequences. The Company does
not provide tax or legal advice.
For Further Information:
RTW Investments, LP +44 (0) 77 1741 7711
Woody Stileman, Managing Director
Buchanan +44 (0)20 7466 5107
Charles Ryland
Henry Wilson
George Beale
J.P. Morgan Cazenove +44 (0)20 7742 4000
William Simmonds
Jérémie Birnbaum
James Bouverat (Sales)
BofA Securities +44 (0) 20 7628 1000
Edward Peel
Kieran Millar
Elysium Fund Management Limited +44 (0) 14 8181 0100
Joanna Duquemin Nicolle, Chief Executive Officer
Sadie Morrison, Managing Director
Morgan Stanley Fund Services USA LLC +1 (914) 225 8885
About RTW Venture Fund Limited:
RTW Venture Fund Limited (LSE: RTW & RTWG) is an investment fund focused
on identifying transformative assets with high growth potential across the
biopharmaceutical and medical technology sectors. Driven by a long-term
approach to support innovative businesses, RTW Venture Fund invests in
companies developing next-generation therapies and technologies that can
significantly improve patients' lives.
RTW Venture Fund Limited is managed by RTW Investments, LP, a leading
healthcare-focused entrepreneurial investment firm with deep scientific
expertise and a strong track record of supporting companies developing
life-changing therapies.
Visit the RTW website at www.rtwfunds.com
(https://protect-us.mimecast.com/s/_A8aC5y408fDJXqhzbVHJ?domain=protect.mimecast-offshore.com)
for more information.
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