Woodford Investment Management Ltd

Q2 2019 13F Holdings Report, Restatement, Stock Holdings

Signature - Title
Chris Martin - Head of Compliance
Location
London, United Kingdom
Holdings as of
30 Jun 2019
Value $
$591,158,000
Num holdings
5
Filing time
12 Nov 2019, 14:49:32 UTC
Form type
13F-HR/A-1 - Restatement
Description
All US holdings of this investor are reported in this report. Top holdings included TBPH, AUTL, PRTA, EVFM, and NCNA.
Previous filing
Q1 2019 - 22 Aug 2019
Next filing
Q3 2019 - 08 Nov 2019
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
Filing 2019 Q2 - Restatement compared to 2019 Q1 - Restatement by default. Changes are calculated vs the previous SEC filing.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Chris Martin Head of Compliance Oxford, United Kingdom 12 Nov 2019

This amendment is being filed to reflect that as of June 5, 2019, the Reporting Manager ('WIM') was no longer the investment manager of SJPUT UK High Income and SJPUK Net Distribution Bond. WIM is the investment manager of various funds (the "WIM Funds"), including the Other Included Managers set forth herein, and has defined investment discretion and, except as detailed below and in the Information Table ("Table"), shared voting authority with respect to the securities held by WIM Funds reported herein. With respect to Evofem Biosciences, Inc. ("EVF"), LF Woodford Equity Income Fund ("LFW"), Woodford Patient Capital Trust Plc ("PCT") and Omnis Income & Growth Fund own shares of EVF common stock ("EVF Stock"). Each such fund has delivered to EVF a duly executed irrevocable proxy appointing any designee of EVF as its respective sole and exclusive attorney and proxy to vote at every meeting of EVF stockholders with respect to all shares of EVF Stock owned by it in excess of 19.5% of the then outstanding shares of EVF Stock (the "EVF Threshold") in the same proportion as shares voted by all other stockholders (excluding such fund) voting on or consenting to such matters. Accordingly, each such fund has voting power (which it shares with WIM) only up to and including the EVF Threshold. LFW holds EVF Stock above the EVF Threshold, thus voting power above the EVF Threshold is reported as "none" in Column 8 of the Table. For this calculation, the total outstanding EVF shares used was 46,406,004 shares outstanding as of 6-14-19 as reported in EVF's Prospectus on Form 424B3, filed with the SEC on 7-2-19. Please refer to the Form of Voting Agreement, incorporated by reference to Exhibit 4.10 of EVF's Form S-4 (No. 333-221592) filed on 11-15-17 and WIM's Schedule 13G/A with respect to the EVF Stock filed by WIM on 8-8-19, for more information. With respect to Autolus Therapeutics plc ("AUT"), four WIM Funds (including LFW and PCT) have executed irrevocable proxies appointing WIM as their sole and exclusive attorney and proxy to vote at every meeting of shareholders of AUT and exercise all rights with respect to all capital stock of AUT, including ordinary shares ("AUT Shares"), beneficially owned by such funds ("AUT Proxy Shares"). WIM executed an irrevocable proxy (the "AUT Proxy") appointing any designee of AUT as the sole and exclusive attorney and proxy of WIM to represent WIM and to vote at every meeting of shareholders of AUT and exercise all rights with respect to all AUT Proxy Shares, which when added to AUT Shares beneficially owned by Arix Bioscience plc ("Arix"), are in excess of 9.99% of the then outstanding capital stock of AUT (the "AUT Threshold") in the same proportion as the shares voted by all other stockholders (excluding WIM) voting on such matters. Accordingly, (i) LFW and PCT do not have voting control over AUT Shares held by them, and such voting control is reported as "none" in Column 8 of the Table, (ii) WIM has sole voting power with respect to AUT Proxy Shares, which when added to the AUT Shares held by Arix, are at or below the AUT Threshold, and such voting control is reported as "sole" in Column 8 of the Table and (iii) WIM has no voting power with respect to all other AUT Shares held by the WIM Funds, and such voting control is reported as "none" in Column 8 of the Table. For purposes of this calculation, (x) the total outstanding AUT Shares used was 44,977,441 shares of outstanding ordinary shares as of 4-15-19 as reported in AUT's Prospectus on Form 424B5, filed with the SEC on 7-24-19 and (y) the total AUT Shares owned by Arix was 3,161,533 shares, as disclosed in the AUT Schedule 13D filed by Arix on 7-6-18.

Other Included Managers (2):

Num Name Location File Number
1 LF Woodford Equity Income Fund Oxford, United Kingdom 028-18455
2 Woodford Patient Capital Trust Plc Oxford, United Kingdom 028-18456