Filing Details

Accession Number:
0001193125-19-040158
Form Type:
13G Filing
Publication Date:
2019-02-14 13:45:02
Filed By:
QVT Financial
Company:
Myovant Sciences Ltd. (NYSE:MYOV)
Filing Date:
2019-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
QVT Financial 0 0 0 38,341,357 38,341,357 54.1%
QVT Financial GP 0 0 0 38,341,357 38,341,357 54.1%
QVT Associates GP 0 0 0 38,341,357 38,341,357 54.1%
QVT Family Office Fund 0 0 0 38,341,357 38,341,357 54.1%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

Myovant Sciences Ltd.

(Name of Issuer)

Common Stock, $0.000017727 par value per share

(Title of Class of Securities)

G637AM102

(CUSIP Number)

December 31, 2018

(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 persons 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).

 

 

 


CUSIP No. G637AM102

 

 

 

  1.       

  Names of Reporting Persons.

 

   QVT Financial LP

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☒

 

  3.      

  SEC Use Only

 

  4.      

  Citizenship or Place of Organization

 

   Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

   0

  6.     

  Shared Voting Power

 

   0

  7.     

  Sole Dispositive Power

 

   0

  8.     

  Shared Dispositive Power

 

   38,341,357

  9.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

   38,341,357

10.      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.      

  Percent of Class Represented by Amount in Row (9)

 

   54.1%

12.      

  Type of Reporting Person (See Instructions)

 

   PN


CUSIP No. G637AM102    

 

 

 

  1.       

  Names of Reporting Persons.

 

   QVT Financial GP LLC

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☒

 

  3.      

  SEC Use Only

 

  4.      

  Citizenship or Place of Organization

 

   Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

   0

  6.     

  Shared Voting Power

 

   0

  7.     

  Sole Dispositive Power

 

   0

  8.     

  Shared Dispositive Power

 

   38,341,357

  9.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

   38,341,357

10.      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.      

  Percent of Class Represented by Amount in Row (9)

 

   54.1%

12.      

  Type of Reporting Person (See Instructions)

 

   OO


CUSIP No. G637AM102    

 

 

 

  1.       

  Names of Reporting Persons.

 

   QVT Associates GP LLC

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☒

 

  3.      

  SEC Use Only

 

  4.      

  Citizenship or Place of Organization

 

   Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

   0

  6.     

  Shared Voting Power

 

   0

  7.     

  Sole Dispositive Power

 

   0

  8.     

  Shared Dispositive Power

 

   38,341,357

  9.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

   38,341,357

10.      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.      

  Percent of Class Represented by Amount in Row (9)

 

   54.1%

12.      

  Type of Reporting Person (See Instructions)

 

   OO


CUSIP No. G637AM102    

 

 

 

  1.       

  Names of Reporting Persons.

 

   QVT Family Office Fund LP

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☒

 

  3.      

  SEC Use Only

 

  4.      

  Citizenship or Place of Organization

 

   Cayman Islands

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

   0

  6.     

  Shared Voting Power

 

   0

  7.     

  Sole Dispositive Power

 

   0

  8.     

  Shared Dispositive Power

 

   38,341,357

  9.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

   38,341,357

10.      

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.      

  Percent of Class Represented by Amount in Row (9)

 

   54.1%

12.      

  Type of Reporting Person (See Instructions)

 

   PN


Item 1(a).   Name of Issuer
  Myovant Sciences Ltd. (the Issuer)
Item 1(b).   Address of Issuers Principal Executive Offices
  The address of the Issuers principal executive offices is:
  Suite 1, 3rd Floor, 11-12 St. Jamess Square, London SW1Y 4LB, United Kingdom

Item 2(a).

 

  Name of Person Filing

Item 2(b).

 

  Address of Principal Business Office or, if none, Residence
Item 2(c).   Citizenship
 

QVT Financial LP

 

444 Madison Avenue, 21st Floor

 

New York, New York 10022

 

Delaware Limited Partnership

 

QVT Financial GP LLC

 

444 Madison Avenue, 21st Floor

 

New York, New York 10022

 

Delaware Limited Liability Company

 

QVT Associates GP LLC

 

444 Madison Avenue, 21st Floor

 

New York, New York 10022

 

Delaware Limited Liability Company

 

QVT Family Office Fund LP

 

190 Elgin Avenue

 

George Town, Grand Cayman, KY1 9005 Cayman Islands

 

Cayman Islands Limited Partnership

Item 2(d).   Title of Class of Securities
  Common stock, $0.000017727 par value per share (the Common Stock).
Item 2(e).   CUSIP Number
  The CUSIP number of the Common Stock is G637AM102.
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);

(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 §240.13d1(b)(1)(ii)(J);

(k)

  ☐ Group, in accordance with §240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with
     §240.13d1(b)(1)(ii)(J), please specify the type of institution:         .
Item 4. Ownership.

(a)

  Amount beneficially owned as of December 31, 2018:
  The Reporting Persons do not directly own any shares of Common Stock. Roivant Sciences Ltd. (Roivant) directly holds the 38,341,357 Common Shares reported herein as beneficially owned by the Reporting Persons. As shareholders of Roivant, the Reporting Persons are filing this Schedule 13G because they may be deemed to have dispositive power and, therefore, beneficial ownership, over the Common Shares directly held by Roivant by virtue of governance arrangements in Roivants bye-laws, namely, the appointment of one or more independent directors (within the meaning of that term under Roivants bye-laws) to Roivants board of directors. The filing of this statement should not be deemed an admission that the Reporting Persons are, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities covered by this statement.
  The percentage disclosed in Item 11 of the Cover Pages for each reporting person is calculated on the basis of 70,812,541 shares of Common Stock outstanding, which was the total number of shares issued and outstanding reported in the Issuers Quarterly Report on Form 10-Q, for the quarterly period ended December 31, 2018, filed with the Securities and Exchange Commission on February 7, 2019.

(b)

  Percent of class:
  See Item 11 of the Cover Pages to this Schedule 13G.

(c)

  Number of shares as to which the person has:
 

(i) Sole power to vote or to direct the vote

 

0


 

(ii)  Shared power to vote or to direct the vote

 

See item (a) above.

 

(iii)  Sole power to dispose or to direct the disposition of

 

0

 

(iv) Shared power to dispose or to direct the disposition of

 

See item (a) above.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following..  ☐.

 

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 on 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 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.


SIGNATURE

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

Dated: February 14, 2019

 

QVT FINANCIAL LP      QVT FAMILY OFFICE FUND LP
By QVT Financial GP LLC,      By QVT Associates GP LLC,
its General Partner      its General Partner
By: /s/ Tracy Fu                                                               By: /s/ Tracy Fu                                                         
Name: Tracy Fu      Name: Tracy Fu
Title:   Managing Member                               Title: Managing Member
By: /s/ Meg Eisner                                                           By: /s/ Meg Eisner                                                     
Name: Meg Eisner      Name: Meg Eisner
Title:   Authorized Signatory      Title: Authorized Signatory
QVT FINANCIAL GP LLC      QVT ASSOCIATES GP LLC
By: /s/ Tracy Fu                                                               By: /s/ Tracy Fu                                                         
Name: Tracy Fu      Name: Tracy Fu
Title:   Managing Member      Title: Managing Member
By: /s/ Meg Eisner                                                           By: /s/ Meg Eisner                                                     
Name: Meg Eisner      Name: Meg Eisner
Title:   Authorized Signatory      Title: Authorized Signatory