0001213900-15-008373.txt : 20151111 0001213900-15-008373.hdr.sgml : 20151111 20151110125604 ACCESSION NUMBER: 0001213900-15-008373 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151110 DATE AS OF CHANGE: 20151110 GROUP MEMBERS: NEIL WOODFORD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Theravance Biopharma, Inc. CENTRAL INDEX KEY: 0001583107 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88552 FILM NUMBER: 151218194 BUSINESS ADDRESS: STREET 1: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: 650-808-6000 MAIL ADDRESS: STREET 1: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Woodford Investment Management LLP CENTRAL INDEX KEY: 0001634557 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 9400 GARSINGTON ROAD CITY: OXFORD STATE: X0 ZIP: OX4 2HN BUSINESS PHONE: 00 44 1865809023 MAIL ADDRESS: STREET 1: 9400 GARSINGTON ROAD CITY: OXFORD STATE: X0 ZIP: OX4 2HN SC 13G 1 sc13g1115woodford_thera.htm SCHEDULE 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)

 

(Amendment No. )*

 

Theravance Biopharma, Inc.

(Name of Issuer)

 

Ordinary Shares, par value $0.00001

(Title of Class of Securities)

 

G8807B106

(CUSIP Number)

 

October 26, 2015  
(Date of Event Which Requires Filing of this Statement)  

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☒     Rule 13d-1(b)

☐     Rule 13d-1(c)

☐     Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

SCHEDULE 13G

 

CUSIP NO. G8807B106

 

1

 

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Woodford Investment Management LLP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                (a)   þ

                                                                                                                (b)   

 

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY EACH

 

REPORTING

 

PERSON WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

4,035,843 Ordinary Shares

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER


4,220,334 Ordinary Shares

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,220,334 Ordinary Shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        ☐

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

11.2% (See Item 4)

12

TYPE OF REPORTING PERSON

 

PN

 

 2 

 

 

SCHEDULE 13G

 

CUSIP NO. G8807B106

 

1

 

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

 

Neil Woodford

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                (a)   þ

                                                                                                                    (b)   

 

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY EACH

 

REPORTING

 

PERSON WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

4,035,843 Ordinary Shares

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER


4,220,334 Ordinary Shares

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,220,334 Ordinary Shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        ☐

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

11.2% (See Item 4)

12

TYPE OF REPORTING PERSON

 

IN

 

 3 

 

 

SCHEDULE 13G

 

CUSIP NO. G8807B106

 

Item 1(a). Name of Issuer:
   
  Theravance Biopharma, Inc. (the "Issuer").
   
Item 1(b). Address of Issuer's Principal Executive Offices:
   
  Ugland House, South Church Street
  George Town, Grand Cayman, Cayman Islands
   
Items 2(a),  
(b) and (c). Name of Persons Filing, Address of Principal Business Office and Citizenship:
   
  This Schedule 13G is being filed jointly by Woodford Investment Management LLP (the “Reporting Person”) and Neil Woodford, the Head of Investment for the Reporting Person. The filers of this statement are collectively referred to herein as the “Group.”
   
  The principal business office of the Reporting Person and Mr. Woodford is 9400 Garsington Road, Oxford, OX4 2HN, UK. The Reporting Person and Mr. Woodford are citizens of the United Kingdom.
   
Item 2(d). Title of Class of Securities:
   
  Ordinary Shares, par value $0.00001.
   
Item 2(e). CUSIP Number:
   
  G8807B106

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

  (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

  (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. ☐78c).

 

  (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

  (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

 

  (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

  (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

 

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SCHEDULE 13G

 

CUSIP NO. G8807B106

 

  (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

  (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

  (j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

 

  (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4. Ownership.

 

  (a) Amount beneficially owned:

 

As of the close of business on the date hereof, the Reporting Person and Mr. Woodford, by virtue of acting as Head of Investments for the Reporting Person, may be deemed to share beneficial ownership of 4,220,334 Ordinary Shares, or 11.2% of the issued and outstanding Ordinary Shares of the Issuer. Mr. Woodford expressly disclaims beneficial ownership of the Ordinary Shares beneficially owned by the Reporting Person, except to the extent of any pecuniary interest therein.

 

  (b) Percent of class:

 

Based on 37,798,347 Ordinary Shares of the Issuer outstanding as of October 26, 2015, including those Ordinary Shares reported in the Issuer’s most recent Quarterly Report on Form 10-Q, filed with the SEC on August 13, 2015, and those Ordinary Shares issued to the Reporting Person on October 26, 2015, the Group holds approximately 11.2% of the issued and outstanding Ordinary Shares of the Issuer.

 

  (c) Number of shares to which such person has:

 

  (i) Sole power to vote or direct the vote:  
    (1) The Reporting Person: 0
    (2) Mr. Woodford: 0
       
  (ii) Shared power to vote or direct the vote:  
    (1) The Reporting Person: 4,035,843
    (2) Mr. Woodford: 4,035,843
       
  (iii) Sole power to dispose or to direct the disposition of:  
    (1) The Reporting Person: 0
    (2) Mr. Woodford: 0

 

 5 

 

 

SCHEDULE 13G

 

CUSIP NO. G8807B106

 

  (iv) Shared power to dispose of or direct the disposition of:  
    (1) The Reporting Person: 4,220,334
    (2) Mr. Woodford: 4,220,334

 

Item 5. Ownership of Five Percent or Less of a Class.
   
  Not applicable
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
  Not applicable
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.
   
  Not applicable
   
Item 8. Identification and Classification of Members of the Group.
   
  Not applicable
   
Item 9. Notice of Dissolution of a Group.
   
  Not applicable
   
Item 10. Certification.
   
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 6 

 

 

SCHEDULE 13G

 

CUSIP NO. G8807B106

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: November 10, 2015

 

  WOODFORD INVESTMENT MANAGEMENT LLP
     
  By: /s/ Simon Osborne
    Name:  Simon Osborne
    Title:    Head of Compliance and
                 Authorized Signatory
     
  /s/ Neil Woodford
  Neil Woodford

 

This Schedule 13G is being jointly filed by Woodford Investment Management LLC ("WIM") and Neil Woodford. WIM is an investment manager, authorized and regulated by the Financial Conduct Authority, in the business of investment management. Mr. Woodford serves as the Head of Investment for the Reporting Person. Mr. Woodford, as a controlling person of WIM, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended, of the securities beneficially owned by WIM. Securities reported on this Schedule 13G as being beneficially owned by WIM were purchased on behalf of its clients.

 

Pursuant to Rule 13d-4, Mr. Woodford declares that the filing of this Schedule 13G shall not be deemed an admission by that he is, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Schedule 13G.

 

 

 7