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Nightstar Therapeutics

Nightstar Therapeutics logo

Financial bias: 2
Team bias: 3
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Nightstar Therapeutics

Summary:
Healthcare

#grandeo100 #healthcare


Biopharmaceutical company developing gene therapies for inherited retinal dystrophies
Venture:
NIGHTSTARX LIMITED
active
#08551822

Born: May13

GOticker:
nightstartx
API:
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valuation



market price valuation


valuations methodology

algo says

Lack of competition


Investors have little experience

Complex business constitution



featured

finances

as at ebit na(nl) equity debt cash
30Sep16 -10,427 9,899 24,851 ukn 9,987
Source: UK Companies House - Audited Accounts Grant Thornton GBP 'OOOs
30Sep15 -6,155 1,753 8,000 18 1,683
Source: Companies House Grant Thornton GBP 'OOOs
30Sep14 -1,491 5,726 8,000 18 5,878
Source: Companies House Grant Thornton GBP 'OOOs
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controllers

Syncona Limited
Ownership of shares 50 to 75 percent; voting rights 50 to 75 percent (notified: 20Dec16 ceased: )

shareholders

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cap-table

EQUITY GBP A ORDINARY SHARES ("A SHARES")

"B THRESHOLD AMOUNT" MEANS £1.00 "D THRESHOLD AMOUNT" MEANS £1.40 "ORDINARY SHARES" MEANS THE A ORDINARY SHARES,B ORDINARY SHARES, C ORDINARY SHARES,D ORDINARY SHARES AND E ORDINARY SHARES FROM TIME TO TIME. THE A SHARES SHALL CONFER ON EACH HOLDER THE RIGHT TO RECEIVE NOTICE OF AND TO ATTEND, SPEAK AND VOTE AT ALL GENERAL MEETING OF THE COMPANY AND RECEIVE AND VOTE ON PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. EACH SHARE IS ENTITLED PARI PASSU TO DIVIDEND PAYMENTS, NO DIVIDEND SHALL BE DECLARED OR PAID TO THE HOLDERS OF THE ORDINARY SHARES IN RESPECT OF ANY FINANCIAL YEAR WITHOUT INVESTOR DIRECTOR CONSENT AND ANY SUCH DIVIDEND MAY THEN BE PAID TO THE HOLDERS OF ANY OR ALL CLASSES OF THE ORDINARY SHARES AS DETERMINED BY THE BOARD WITH INVESTOR DIRECTOR CONSENT. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OR ITS LIABILITIES SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO): 1. FIRST, IN PAYING TO EACH HOLDER OF A SHARES AN AMOUNT PER SUCH SHARE HELD EQUAL TO THE B THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 2. SECOND, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES OR C SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE B THRESHOLD AMOUNT AND THE D THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEM RESPECTIVE HOLDINGS OF SUCH SHARES); 3. THIRD, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES OR D SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE D THRESHOLD AMOUNT AND THE E1 THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 4. FOURTH, IN RESPECT OF EACH E THRESHOLD AMOUNT, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES, D SHARES OR RELEVANT E ORDINARY SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE PREVIOUS RELEVANT E THRESHOLD AMOUNT AND THE RELEVANT E THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES) AND THIS PARAGRAPH 4 SHALL BE APPLIED IN RESPECT OF EACH E THRESHOLD AMOUNT IN ASCENDING ORDER; 5. FIFTH, IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES, IF ANY, A TOTAL OF £1.00 FOR THE ENTIRE CLASS OF DEFERRED SHARES (WHICH PAYMENT SHALL BE DEEMED SATISFIED BY PAYMENT TO ANY ONE HOLDER OF DEFERRED SHARES); AND 6. THE BALANCE OF THE SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES PRO RATA (AS IF THE ORDINARY SHARES CONSTITUTED ONE AND THE SAME CLASS) TO THE NUMBER OF ORDINARY SHARES HELD. THE SHARES ARE NON-REDEEMABLE.

11Nov15

EQUITY GBP B ORDINARY SHARES ("B SHARES")

"B THRESHOLD AMOUNT" MEANS £1 .00 "D THRESHOLD AMOUNT" MEANS £1 .40 "ORDINARY SHARES" MEANS THE A ORDINARY SHARES, B ORDINARY SHARES, C ORDINARY SHARES, D ORDINARY SHARES AND E ORDINARY SHARES FROM TIME TO TIME. TERMS NOT DEFINED SHALL BEAR THE SAME MEANINGS AS IN THE ARTICLES OF ASSOCIATION OF THE COMPANY. THE B SHARES SHALL NOT ENTITLE THE HOLDERS OF THEM TO RECEIVE NOTICE OF, TO ATTEND OR TO VOTE ON ANY GENERAL MEETING OF THE COMPANY NOR TO RECEIVE OR VOTE ON, OR OTHERWISE CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF, PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. EACH SHARE IS ENTITLED PARI PASSU TO DIVIDEND PAYMENTS, NO DIVIDEND SHALL BE DECLARED OR PAID TO THE HOLDERS OF THE ORDINARY SHARES IN RESPECT OF ANY FINANCIAL YEAR WITHOUT INVESTOR DIRECTOR CONSENT AND ANY SUCH DIVIDEND MAY THEN BE PAID TO THE HOLDERS OF ANY OR ALL CLASSES OF THE ORDINARY SHARES AS DETERMINED BY THE BOARD WITH INVESTOR DIRECTOR CONSENT. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO): 1. FIRST IN PAYING TO EACH HOLDER OF A SHARES AN AMOUNT PER SUCH SHARE HELD EQUAL TO THE B THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 2. SECOND IN PAYING TO EACH HOLDER OF A SHARES, B SHARES OR C SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE B THRESHOLD AMOUNT AND THE D THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INS EFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEM RESPECTIVE HOLDINGS OF SUCH SHARES); 3. THIRD IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES OR D SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE D THRESHOLD AMOUNT AND THE E1 THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 4. FOURTH, IN RESPECT OF EACH E THRESHOLD AMOUNT, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES, D SHARES OR RELEVANT E ORDINARY SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE PREVIOUS RELEVANT E THRESHOLD AMOUNT AND THE RELEVANT E THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES) AND THIS PARAGRAPH 4 SHALL BE APPLIED IN RESPECT OF EACH E THRESHOLD AMOUNT IN ASCENDING ORDER; 5. FIFTH, IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES, IF ANY, A TOTAL OF £1 .00 FOR THE ENTIRE CLASS OF DEFERRED SHARES (WHICH PAYMENT SHALL BE DEEMED SATISFIED BY PAYMENT TO ANY ONE HOLDER OF DEFERRED SHARES); AND 6. THE BALANCE OF THE SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES PRO RATA (AS IF THE ORDINARY SHARES CONSTITUTED ONE AND THE SAME CLASS) TO THE NUMBER OF ORDINARY SHARES HELD. THE SHARES ARE NON-REDEEMABLE.

11Nov15

EQUITY GBP C ORDINARY SHARES ("C SHARES")

"B THRESHOLD AMOUNT" MEANS £1 .00 "D THRESHOLD AMOUNT" MEANS £1 .40 "ORDINARY SHARES" MEANS THE A ORDINARY SHARES, B ORDINARY SHARES, C ORDINARY SHARES, D ORDINARY SHARES AND E ORDINARY SHARES FROM TIME TO TIME. TERMS NOT DEFINED SHALL BEAR THE SAME MEANINGS AS IN THE ARTICLES OF ASSOCIATION OF THE COMPANY. THE C SHARES SHALL NOT ENTITLE THE HOLDERS OF THEM TO RECEIVE NOTICE OF, TO ATTEND OR TO VOTE ON ANY GENERAL MEETING OF THE COMPANY NOR TO RECEIVE OR VOTE ON, OR OTHERWISE CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF, PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY EACH SHARE IS ENTITLED PARI PASSU TO DIVIDEND PAYMENTS, NO DIVIDEND SHALL BE DECLARED OR PAID TO THE HOLDERS OF THE A SHARES IN RESPECT OF ANY FINANCIAL YEAR WITHOUT INVESTOR DIRECTOR CONSENT AND ANY SUCH DIVIDEND MAY THEN BE PAID TO THE HOLDERS OF ANY OR ALL CLASSES OF THE ORDINARY SHARES AS DETERMINED BY THE BOARD WITH INVESTOR DIRECTOR CONSENT. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO): 1. FIRST IN PAYING TO EACH HOLDER OF A SHARES AN AMOUNT PER SUCH SHARE HELD EQUAL TO THE B THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 2. SECOND IN PAYING TO EACH HOLDER OF A SHARES, B SHARES OR C SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE B THRESHOLD AMOUNT AND THE D THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEM RESPECTIVE HOLDINGS OF SUCH SHARES); 3. THIRD, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES OR D SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE D THRESHOLD AMOUNT AND THE E1 THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 4. FOURTH, IN RESPECT OF EACH E THRESHOLD AMOUNT, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES, D SHARES OR RELEVANT E ORDINARY SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE PREVIOUS RELEVANT E THRESHOLD AMOUNT AND THE RELEVANT E THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES) AND THIS PARAGRAPH 4 SHALL BE APPLIED IN RESPECT OF EACH E THRESHOLD AMOUNT IN ASCENDING ORDER; 5. FIFTH, IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES, IF ANY, A TOTAL OF £1 .00 FOR THE ENTIRE CLASS OF DEFERRED SHARES (WHICH PAYMENT SHALL BE DEEMED SATISFIED BY PAYMENT TO ANY ONE HOLDER OF DEFERRED SHARES); AND 6. THE BALANCE OF THE SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES PRO RATA (AS IF THE ORDINARY SHARES CONSTITUTED ONE AND THE SAME CLASS) TO THE NUMBER OF ORDINARY SHARES HELD. THE SHARES ARE NON-REDEEMABLE.

11Nov15

EQUITY GBP D ORDINARY SHARES ("D SHARES")

"B THRESHOLD AMOUNT" MEANS £1 .00 "D THRESHOLD AMOUNT" MEANS £1 .40 "ORDINARY SHARES" MEANS THE A ORDINARY SHARES, B ORDINARY SHARES,C ORDINARY SHARES, D ORDINARY SHARES AND E ORDINARY SHARES FROM TIME TO TIME. TERMS NOT DEFINED SHALL BEAR THE SAME MEANINGS AS IN THE ARTICLES OF ASSOCIATION OF THE COMPANY. THE D SHARES SHALL NOT ENTITLE THE HOLDERS OF THEM TO RECEIVE NOTICE OF, TO ATTEND OR TO VOTE ON ANY GENERAL MEETING OF THE COMPANY NOR TO RECEIVE OR VOTE ON, OR OTHERWISE CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF, PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. EACH SHARE IS ENTITLED PARI PASSU TO DIVIDEND PAYMENTS, NO DIVIDEND SHALL BE DECLARED OR PAID TO THE HOLDERS OF THE ORDINARY SHARES IN RESPECT OF ANY FINANCIAL YEAR WITHOUT INVESTOR DIRECTOR CONSENT AND ANY SUCH DIVIDEND MAY THEN BE PAID TO THE HOLDERS OF ANY OR ALL CLASSES OF THE ORDINARY SHARES AS DETERMINED BY THE BOARD WITH INVESTOR DIRECTOR CONSENT. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO): 1. FIRST, IN PAYING TO EACH HOLDER OF A SHARES AN AMOUNT PER SUCH SHARE HELD EQUAL TO THE B THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 2. SECOND, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES OR C SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE B THRESHOLD AMOUNT AND THE D THRESHOLD AMOUNT (PROVIDED THAT IT THERE ARE IN SUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 3. THIRD IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES OR D SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE D THRESHOLD AMOUNT AND THE E1 THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 4. FOURTH, IN RESPECT OF EACH E THRESHOLD AMOUNT, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES, D SHARES OR RELEVANT E ORDINARY SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE PREVIOUS RELEVANT E THRESHOLD AMOUNT AND THE RELEVANT E THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO , THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES) AND THIS PARAGRAPH 4 SHALL BE APPLIED IN RESPECT OF EACH E THRESHOLD AMOUNT IN ASCENDING ORDER; 5. FIFTH, IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES, IF ANY, A TOTAL OF £1 ,00 FOR THE ENTIRE CLASS OF DEFERRED SHARES (WHICH PAYMENT SHALL BE DEEMED SATISFIED BY PAYMENT TO ANY ONE HOLDER OF DEFERRED SHARES); AND 6. THE BALANCE OF THE SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES PRO RATA (AS IF THE ORDINARY SHARES CONSTITUTED ONE AND THE SAME CLASS) TO THE NUMBER OF ORDINARY SHARES HELD. THE SHARES ARE NON-REDEEMABLE.

11Nov15

EQUITY GBP DEFERRED SHARES

"B THRESHOLD AMOUNT" MEANS £1 .00 "D THRESHOLD AMOUNT" MEANS £1 .40 "ORDINARY SHARES" MEANS THE A ORDINARY SHARES, B ORDINARY SHARES, C ORDINARY SHARES, D ORDINARY SHARES AND E ORDINARY SHARES FROM TIME TO TIME. TERMS NOT DEFINED SHALL BEAR THE SAME MEANINGS AS IN THE ARTICLES OF ASSOCIATION OF THE COMPANY. THE DEFERRED SHARES SHALL NOT ENTITLE THE HOLDERS OF THEM TO RECEIVE NOTICE OF, TO ATTEND, TO SPEAK OR TO VOTE ON ANY GENERAL MEETING OF THE COMPANY NOR TO RECEIVE OR VOTE ON, OR OTHERWISE CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF , PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. DEFERRED SHARES ARE NOT ENTITLED TO DIVIDEND PAYMENTS. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A RETURN OF CAPITAL (OTHER THAN A CONVERSION, REDEMPTION OR PURCHASE OF SHARES) THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED (TO THE EXTENT THAT THE COMPANY IS LAWFULLY PERMITTED TO DO SO): 1. FIRST, IN PAYING TO EACH HOLDER OF A SHARES AN AMOUNT PER SUCH SHARE HELD EQUAL TO THE B THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 2. SECOND, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES OR C SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE B THRESHOLD AMOUNT AND THE D THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 3. THIRD, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES OR D SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE D THRESHOLD AMOUNT AND THE E1 THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES); 4. FOURTH, IN RESPECT OF EACH E THRESHOLD AMOUNT, IN PAYING TO EACH HOLDER OF A SHARES, B SHARES, C SHARES, D SHARES OR RELEVANT E ORDINARY SHARES AN AMOUNT PER ANY SUCH SHARE HELD EQUAL TO THE DIFFERENCE BETWEEN THE PREVIOUS RELEVANT E THRESHOLD AMOUNT AND THE RELEVANT E THRESHOLD AMOUNT (PROVIDED THAT IF THERE ARE INSUFFICIENT SURPLUS ASSETS TO DO SO, THE SURPLUS ASSETS SHALL BE DISTRIBUTED TO THE HOLDERS OF SUCH SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS OF SUCH SHARES) AND THIS PARAGRAPH 4 SHALL BE APPLIED IN RESPECT OF EACH E THRESHOLD AMOUNT IN ASCENDING ORDER; 5. FIFTH, IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES, IF ANY, A TOTAL OF £1 .00 FOR THE ENTIRE CLASS OF DEFERRED SHARES (WHICH PAYMENT SHALL BE DEEMED SATISFIED BY PAYMENT TO ANY ONE HOLDER OF DEFERRED SHARES); AND 6. THE BALANCE OF THE SURPLUS ASSETS (IF ANY) SHALL BE DISTRIBUTED AMONG THE HOLDERS OF ORDINARY SHARES PRO RATA (AS IF THE ORDINARY SHARES CONSTITUTED ONE AND THE SAME CLASS) TO THE NUMBER OF ORDINARY SHARES HELD. THE DEFERRED SHARES MAY BE REDEEMED BY THE COMPANY AT ANY TIME AT ITS OPTION FOR ONE PENNY FOR ALL THE DEFERRED SHARES REGISTERED IN THE NAME OF ANY HOLDER WITHOUT OBTAINING THE SANCTION OF THE HOLDER OR HOLDERS.

11Nov15

people (4)

YOON, Bryan logo 1 2
YOON, Bryan
#director
08Jan18

#American #40yo
HANAK, Julian logo 1 1
HANAK, Julian
#director
31Oct17
@astrazeneca @ucl

#British #53yo
SUNDARAM, Senthil logo 1 1
SUNDARAM, Senthil
#director #cfo
31Oct17
@citi @barclays

#American #39yo
OLSWANG COSEC LIMITED
#corporate-secretary
31May13
DURING, Matthew
#founder

@Oxforduni @Yale @GTS
0
FELLOWS, David
#director #ceo
12Mar14
31Oct17 (res)
@j&j
MACKIE, Christopher Alan
#director
31May13
24Jul13 (res)

OLSWANG DIRECTORS 1 LIMITED
#corporate-director
31May13
24Jul13 (res)

OLSWANG DIRECTORS 2 LIMITED
#corporate-director
31May13
24Jul13 (res)

TOWLER, Christopher Malcolm, Dr
#director
01Jul14
03Aug15 (res)

MOTT, David
#director
05Nov15
31Oct17 (res)

0
MOTT, David
#director
05Nov15
31Oct17 (res)
@nea
4
ALI, Iraj, Dr
#director
15Nov13
05Nov15 (res)
@Syncona
1
HOLLOWOOD, Christopher, Dr
#director
15Nov13
30Oct17 (res)
@Syncona
1
MACLAREN, Robert
#director
24Jul13
31Oct17 (res)
@ophthalmologist
0
LEE, Melanie Georgina, Dr
#director
13Mar14
31Dec14 (res)
@Think10
LUBNER, David Charles
#director
06Jul17
31Oct17 (res)

MCARTHUR, James Gregg
#director
15Nov16
31Oct17 (res)

WHITCUP, Scott Michael
#director
27Jun17
31Oct17 (res)

news

Oxford biotech startup Nightstar Therapeutics plans US float
CityAM 03Sep17
NightstaRx closes $35 million Series B funding to advance Inherited Retinal Disease pipeline
Syncona Partners 09Nov15
Wellcome ponies up $20M to kick-start an Oxford spinoff
Fierce Biotech 31Jan14
6/20/2018 5:19:00 AM

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