6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of March, 2023

Commission File Number 001-39670

 

 

PURETECH HEALTH PLC

(Translation of registrant’s name into English)

 

 

6 Tide Street, Suite 400

Boston, Massachusetts 02210

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On May 9, 2022, PureTech Health plc (LSE: PRTC, Nasdaq: PRTC) (the “Company”) announced the commencement of a $50 million share repurchase program (the “Program”) of its ordinary shares of one pence each (“Ordinary Shares”). The Company plans to execute the Program in two equal tranches, the first of which was completed on October 26, 2022. In respect of each of the two tranches, PureTech entered into an irrevocable non-discretionary instruction with Jefferies International Limited (“Jefferies”) in relation to the purchase by Jefferies of Ordinary Shares for an aggregate consideration (excluding expenses) of no greater than $25 million and the simultaneous on-sale of such Ordinary Shares by Jefferies to PureTech. Jefferies makes its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Company. Purchases may continue during any close period to which the Company is subject. Any purchase of Ordinary Shares under the second tranche of the Program are carried out on the London Stock Exchange and any other UK recognized investment exchange which may be agreed, in accordance with pre-set parameters and in accordance with, and subject to limits, including those limits related to daily volume and price, prescribed by the Company’s general authority to repurchase Ordinary Shares granted by its shareholders at its most recent annual general meeting on June 15, 2022, Chapter 12 of the Financial Conduct Authority’s UK Listing Rules, Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018). All Ordinary Shares repurchased under the Program will be held in treasury.

During the month ended March 31, 2023, the Company had the following daily purchases of its own Ordinary Shares under the Program through Jefferies:

 

Date

   Ordinary Shares
Repurchased
     Volume Weighted
Average Price Paid
per Ordinary Share
     Highest Price Paid      Lowest Price Paid  

March 1, 2023

     12,410        223.59p        228.50p        218.00p  

March 2, 2023

     12,464        224.41p        226.00p        220.00p  

March 3, 2023

     12,386        223.96p        227.00p        220.00p  

March 6, 2023

     12,407        220.59p        223.50p        218.50p  

March 7, 2023

     11,740        222.37p        225.00p        217.50p  

March 8, 2023

     12,327        217.42p        220.00p        213.00p  

March 9, 2023

     12,420        213.27p        215.50p        211.50p  

March 10, 2023

     12,366        208.74p        210.50p        205.00p  

March 13, 2023

     12,160        208.85p        213.00p        205.50p  

March 14, 2023

     11,926        209.92p        212.00p        208.00p  

March 15, 2023

     11,437        205.26p        207.50p        200.50p  

March 16, 2023

     11,976        207.04p        210.00p        202.00p  

March 17, 2023

     12,060        205.34p        208.00p        202.50p  

March 20, 2023

     12,819        204.72p        210.00p        197.60p  

March 21, 2023

     13,034        204.28p        208.00p        202.00p  

March 22, 2023

     12,667        203.07p        204.00p        201.50p  

March 27, 2023

     11,392        221.90p        222.00p        221.00p  

March 29, 2023

     10,085        222.26p        224.50p        216.00p  

March 30, 2023

     10,466        224.97p        228.00p        222.50p  

March 31, 2023

     6,172        220.99p        221.00p        220.50p  


During the month ended March 31, 2023, the Company repurchased an aggregate of 234,714 Ordinary Shares. As of March 31, 2023, the Company’s issued share capital was 289,468,159 shares, 11,030,430 of which were held in treasury, resulting in total voting rights in the Company of 278,437,729 shares. To view the details of the individual transactions, please paste the following URL(s) into the address bar of your browser with respect to each individual date of repurchase under the Program:

March 1, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4691209.html

March 2, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4692712.html

March 3, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4694439.html

March 6, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4695924.html

March 7, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4697389.html

March 8, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4698866.html

March 9, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4700429.html

March 10, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4701830.html

March 13, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4703481.html

March 14, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4705018.html

March 15, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4706600.html

March 16, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4708189.html

March 17, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4709601.html

March 20, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4711222.html

March 21, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4714302.html

March 22, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4714552.html

March 27, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4719059.html

March 29, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4722112.html

March 30, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4723790.html

March 31, 2023: https://data.fca.org.uk/artefacts/NSM/RNS/4725572.html


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

      PURETECH HEALTH PLC
Date: April 4, 2023       By:  

/s/ Daphne Zohar

        Name: Daphne Zohar
        Title:   Chief Executive Officer