VERONA PHARMA PLC: Holding(s) in Company

For filings with the FCA include the annex                                       


        
                                                                                


    
For filings with issuer exclude the annex                                        


        
                                                                                


    
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                  
     
              
1. Identity of the issuer or the underlying issuer                               
    
of existing shares to which voting rights are                        Verona 
Pharma plc  
attached:ii                                                                      


        
                                                                                


    
2. Reason for the notification (please tick the appropriate box or boxes):       


         
                                                                                


    
An acquisition or disposal of voting rights                                      


       √
                                                                                


    
An acquisition or disposal of qualifying financial instruments which may result  
    
in the acquisition of shares already issued to which voting rights are attached  


        
                                                                                


    
An acquisition or disposal of instruments with similar economic effect to        
    
qualifying financial instruments                                                 


        
                                                                                


    
An event changing the breakdown of voting rights                                 


        
                                                                                


    
Other (please specify):  CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE, 
FOLLOWING THE √ 


                         RECENT SUBSCRIPTION, PLACING AND OPEN OFFER.           
        
                                                                                


    
3. Full name of person(s)                                                        
    
subject to the            Aviva plc & its subsidiaries                           
    
notification obligation:                                                         
    
iii                                                                              


        
                                                                                
        
                          Registered Holder:                                    
        
                                                                                
        
                                                                                
        
                          BNY Norwich Union Nominees Limited     4,817,119*     
         
                                                                                
        
                                                                                
        
                          Chase (GA Group) Nominees Limited    139,178,649*     


    
4. Full name of                                                                  
    
shareholder(s)            *denotes direct interest                               
    
 (if different from 3.):                                                         
    
iv                                                                               


        
                          Chase (GA Group) Nominees Limited      15,111,869     
        
                                                                                
        
                                                                                
        
                          Chase Nominees Limited                  4,440,952
                                                                                
        
                                                                                
        
                          Vidacos Nominees Limited               18,701,411  
                                                                                
        
                                                                                
        
                                                                                


    
5. Date of the                                                                   
    
transaction and date on                                                          
    
which the threshold is    25 March 2014                                          
    
crossed or                                                                       
    
reached: v                                                                       


        
                                                                                


    
6. Date on which issuer   27 March 2014                                          
    
notified:                                                                        


        
                                                                                


    
7. Threshold(s) that is/  0% to 14% Change at Direct Interest Level and          
    
are crossed or                                                                   
    
reached: vi, vii          0% to 18% Change at Combined Interest Level            


        
                                                                                
        


8. Notified details:                                                            
        
                                                                                


    
A: Voting rights attached to shares viii, ix                                     


        
                                                                                


    
Class/type of   Situation         Resulting situation after the triggering 
transaction  
shares          previous                                                         


        
                to the triggering                                               
        
                transaction                                                     


    
if possible                                                                      
    
using           Number   Number   Number      Number of voting       % of  
voting rights
the ISIN CODE   of       of       of shares   rights                 x           


        
                Shares   Voting                                                 
        


                     Rights   Direct      Direct xi   Indirect   Direct   
Indirect   


                                                          xii                   
        
                                                                                


    
Ordinary Shares                                                                  


        
                                                                                
        


            NIL HELD NIL HELD 182,250,000 143,995,768 38,254,232 14.26%   
3.79%     
GB00B06GSH43                                                                     


        
                                                                                
        
                                                                                
        


B: Qualifying Financial Instruments                                             
        
                                                                                


    
Resulting situation after the triggering transaction                             


        
                                                                                


    
Type of financial  Expiration Exercise/              Number of voting       % 
of voting 
instrument         date xiii  Conversion Period xiv  rights that may be     
rights       


                                                     acquired if the            
        
                                                     instrument is              
        
                                                     exercised/ converted.      
        
                                                                                
        
                                                                                
        


C: Financial Instruments with similar economic effect to Qualifying Financial   


    
Instruments xv, xvi                                                              


        
                                                                                


    
Resulting situation after the triggering transaction                             


        
                                                                                


    
Type of    Exercise Expiration   Exercise/     Number of voting rights   % of 
voting    
financial  price    date xvii    Conversion    instrument refers to      rights 
xix, xx 
instrument                       period xviii                                    


        
                                                                                
        
                                                                                
        


                                                                     
Nominal   Delta 


                                                                                
        
                                                                                
        


Total (A+B+C)                                                                   
        
                                                                                


    
Number of voting rights                  Percentage of voting rights             


        
                                                                                


    
182,250,000                              18.05%                                  


        
                                                                                
        


9. Chain of controlled undertakings through which the voting rights and/or the  


    
financial instruments are effectively held, if applicable: xxi                   


        
                                                                                


    
The voting rights are managed and controlled by Aviva Investors Global Services  
    
Limited, with the following chain of controlled undertakings:-                   


        
                                                                                


    
Aviva Investors Global Services Limited:                                         


        
                                                                                


    
Aviva plc (Parent Company)                                                       


        
                                                                                


    
Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc)              


        
                                                                                


    
Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group         
    
Holdings Limited)                                                                


        
                                                                                


    
Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva        
    
Investors Holdings Limited)                                                      


        
                                                                                
        
                                                                                
        
     

Proxy Voting:                                                                   
        
                                                                                


    
10. Name of the proxy holder:                                    See Section 4   
                                                                                 
    
11. Number of voting rights proxy holder will cease                              
    
to hold:                                                                         


        
                                                                                


    
12. Date on which proxy holder will cease to hold                                
    
voting rights:                                                                   


        
                                                                                
        
                                                                                


    
13. Additional   Figures are based on a total number of voting rights of 
1,009,923,481, 
information:     as per the Company's Result of General Meeting Announcement of 
24 March 


                 2014.                                                          
        
                                                                                
        
                                                                                


    
14. Contact      Neil Whittaker, Aviva plc                                       


    name:                                                                           
        
                                                                                


    
15. Contact                                                                      
    
telephone        01603 684420                                                    


    number:                                                                         
        
                                                                                
        
    END

-0- Mar/27/2014 12:25 GMT


 
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