Quarterly report pursuant to Section 13 or 15(d)

Shareholders' equity

v3.10.0.1
Shareholders' equity
9 Months Ended
Sep. 30, 2018
Shareholders' equity  
Shareholders' equity

 

Note 11 — Shareholders’ equity

 

On September 7, 2018, the Company completed a registered direct offering of its American Depositary Shares (“ADSs”) following its entry into a definitive agreement with Matrix Capital Management Company, LP, New Enterprise Associates 16, L.P., New Enterprise Associates 14, L.P. and Syncona Portfolio Limited. The Company sold 10,000,000 ADSs (representing 60,000,000 ordinary shares) at a price of $10.00 per ADS.  The net proceeds were $99,653,000 after deducting offering expenses of $347,000.