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| Date | 1 Dec 2022 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 1152I |
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. 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.
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:
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RTW Investments, LP |
+44 (0) 77 1741 7711 |
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Woody Stileman, Managing Director |
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Buchanan |
+44 (0)20 7466 5107 |
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Charles Ryland |
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Henry Wilson |
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George Beale |
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J.P. Morgan Cazenove |
+44 (0)20 7742 4000 |
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William Simmonds |
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Jérémie Birnbaum |
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James Bouverat (Sales) |
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BofA Securities |
+44 (0) 20 7628 1000 |
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Edward Peel |
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Kieran Millar |
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Elysium Fund Management Limited |
+44 (0) 14 8181 0100 |
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Joanna Duquemin Nicolle, Chief Executive Officer |
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Sadie Morrison, Managing Director |
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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 for more information.