Filing Details
- Accession Number:
- 0001193125-21-040604
- Form Type:
- 13G Filing
- Publication Date:
- 2021-02-12 11:04:58
- Filed By:
- Syncona Portfolio Ltd
- Company:
- Freeline Therapeutics Holdings Plc (NASDAQ:FRLN)
- Filing Date:
- 2021-02-12
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| Syncona Portfolio Limited | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2% |
| Syncona Holdings Limited | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2% |
| Syncona Investment Management Limited | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2% |
| Syncona Limited | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2% |
| filing (i) Syncona Portfolio Limited (ii) Syncona Holdings Limited (iii) Syncona Investment Management Limited and (iv) Syncona Limited (b) Address of principal business office or, if none, residence The address of the principal business office of Syncona Portfolio Limited, Syncona Holdings Limited and Synocna Limited is Arnold House, St Julian 146 s Avenue, St Peter Port, Guernsey GY1 3RD, Channel Islands. The address of the principal business office of Syncona Investment Management Limited is |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Freeline Therapeutics Holdings plc
(Name of Issuer)
American Depositary Shares and Ordinary Shares, nominal value £0.0001 per share
(Title of Class of Securities)
35655L 107**
(CUSIP Number)
December 31, 2020
(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).
| ** | There is no CUSIP number assigned to the ordinary shares. CUSIP number 35655L 107 has been assigned to the American Depositary Shares of the Issuer, which are quoted on the Nasdaq Global Select Market under the symbol FRLN. Each American Depositary Share represents the right to receive one ordinary share. |
SCHEDULE 13G/A
CUSIP No. 35655L 107
| 1 | Names of Reporting Person:
Syncona Portfolio Limited | |||||
| 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
Guernsey | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
18,814,527 (1) | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,814,527 (1) | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
18,814,527 (1) | |||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| |||||
| 11 | Percent of class represented by amount in row (9)
54.2% (2) | |||||
| 12 | Type of Reporting Person (See Instructions)
CO | |||||
| (1) | Consists of 15,864,527 ordinary shares and 2,950,000 American Depositary Shares (ADSs) held directly by Syncona Portfolio Limited. Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer. The ordinary shares and the ADS are collectively referred to as the Ordinary Shares. |
| (2) | Based on 34,744,687 Ordinary Shares outstanding after the Issuers initial public offering (the IPO), which includes all outstanding ADSs on an as-converted basis, assuming no exercise of the underwriters option in connection with the IPO, as reported in the prospectus filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission (the SEC) on August 10, 2020. |
Page 2 of 8
SCHEDULE 13G
CUSIP No. 35655L 107
| 1 | Names of Reporting Person:
Syncona Holdings Limited | |||||
| 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
Guernsey | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
18,814,527 (1) | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,814,527 (1) | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
18,814,527 (1) | |||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| |||||
| 11 | Percent of class represented by amount in row (9)
54.2% (2) | |||||
| 12 | Type of Reporting Person (See Instructions)
CO | |||||
| (1) | Consists of 15,864,527 ordinary shares and 2,950,000 ADS held directly by Syncona Portfolio Limited. Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer. |
| (2) | The percentage of outstanding Ordinary Shares of the Issuer beneficially owned by Syncona Portfolio Limited is set forth on Line 11 above. Based on 34,744,687 Ordinary Shares outstanding after the Issuers IPO, which includes all outstanding ADSs on an as-converted basis, assuming no exercise of the underwriters option in connection with the IPO, as reported in the prospectus filed pursuant to Rule 424(b)(4) with the SEC on August 10, 2020. |
Page 3 of 8
SCHEDULE 13G
CUSIP No. 35655L 107
| 1 | Names of Reporting Person:
Syncona Investment Management Limited | |||||
| 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
United Kingdom | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
18,814,527 (1) | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,814,527 (1) | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
18,814,527 (1) | |||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| |||||
| 11 | Percent of class represented by amount in row (9)
54.2% (2) | |||||
| 12 | Type of Reporting Person (See Instructions)
CO | |||||
| (1) | Consists of 15,864,527 ordinary shares and 2,950,000 ADS held directly by Syncona Portfolio Limited. Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer. |
| (2) | The percentage of outstanding Ordinary Shares of the Issuer beneficially owned by Syncona Portfolio Limited is set forth on Line 11 above. Based on 34,744,687 Ordinary Shares outstanding after the Issuers IPO, which includes all outstanding ADSs on an as-converted basis, assuming no exercise of the underwriters option in connection with the IPO, as reported in the prospectus filed pursuant to Rule 424(b)(4) with the SEC on August 10, 2020. |
Page 4 of 8
SCHEDULE 13G
CUSIP No. 35655L 107
| 1 | Names of Reporting Person:
Syncona Limited | |||||
| 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
Guernsey | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
18,814,527 (1) | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,814,527 (1) | |||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
18,814,527 (1) | |||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| |||||
| 11 | Percent of class represented by amount in row (9)
54.2% (2) | |||||
| 12 | Type of Reporting Person (See Instructions)
CO | |||||
| (1) | Consists of 15,864,527 ordinary shares and 2,950,000 ADS held directly by Syncona Portfolio Limited. Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer. |
| (2) | The percentage of outstanding Ordinary Shares of the Issuer beneficially owned by Syncona Portfolio Limited is set forth on Line 11 above. Based on 34,744,687 Ordinary Shares outstanding after the Issuers IPO, which includes all outstanding ADSs on an as-converted basis, assuming no exercise of the underwriters option in connection with the IPO, as reported in the prospectus filed pursuant to Rule 424(b)(4) with the SEC on August 10, 2020. |
Page 5 of 8
| Item 1. |
(a) Name of Issuer: Freeline Therapeutics Holdings plc
(b) Address of Issuers principal executive offices: Stevenage Bioscience Catalyst, Gunnels Wood Road, Stevenage, Hertfordshire SG1 2FX, United Kingdom
| Item 2. |
| (a) | Name of reporting persons filing: |
| (i) | Syncona Portfolio Limited; |
| (ii) | Syncona Holdings Limited; |
| (iii) | Syncona Investment Management Limited; and |
| (iv) | Syncona Limited |
| (b) | Address of principal business office or, if none, residence: |
The address of the principal business office of Syncona Portfolio Limited, Syncona Holdings Limited and Synocna Limited is Arnold House, St Julians Avenue, St Peter Port, Guernsey GY1 3RD, Channel Islands. The address of the principal business office of Syncona Investment Management Limited is 2nd Floor, 8 Bloomsbury Street, London WC1B 3SR, United Kingdom.
| (c) | Citizenship: |
Syncona Portfolio Limited, Syncona Holdings Limited and Syncona Limiteds citizenship is Guernsey. Syncona Investment Management Limiteds citizenship is United Kingdom.
| (d) | Title and class of securities: |
Ordinary Shares, nominal value £0.0001 per share, and American Depositary Shares (ADS). Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer.
| (e) | CUSIP No.: |
There is no CUSIP number assigned to the ordinary shares. CUSIP number 35655L 107 has been assigned to the ADS, which are quoted on the Nasdaq Global Select Market under the symbol FRLN.
| 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: |
Not applicable.
Page 6 of 8
| Item 4. |
The following information with respect to the ownership of Ordinary Shares of the Issuer by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2020:
| Reporting Persons | Ordinary Shares Held Directly (1) | Sole Power to Vote or Direct the Vote (1) | Shared Power to Vote or Direct the Vote (1) | Sole Power to Dispose or Direct the Disposition (1) | Shared Power to Dispose or Direct the Disposition (1) | Amount Beneficially Owned (1) | Percentage of Class (2) | |||||||||||||||||||||
| Syncona Portfolio Limited | 0 | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2 | % | ||||||||||||||||||||
| Syncona Holdings Limited | 18,814,527 | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2 | % | ||||||||||||||||||||
| Syncona Investment Management Limited | 0 | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2 | % | ||||||||||||||||||||
| Syncona Limited | 0 | 0 | 18,814,527 | 0 | 18,814,527 | 18,814,527 | 54.2 | % | ||||||||||||||||||||
| (1) | Consists of 15,864,527 ordinary shares and 2,950,000 American Depositary Shares (ADSs) held directly by Syncona Portfolio Limited. Each ADS represents one ordinary share, nominal value £0.0001 per share, of the Issuer. The ordinary shares and the ADS are collectively referred to as the Ordinary Shares. |
| (2) | The percentage of outstanding Ordinary Shares of the Issuer beneficially owned was calculated based on 34,744,687 Ordinary Shares outstanding after the Issuers initial public offering (the IPO), which includes all outstanding ADSs on an as-converted basis, assuming no exercise of the underwriters option in connection with the IPO, as reported in the prospectus filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission on August 10, 2020. |
The shares are owned directly by Syncona Portfolio Limited (Syncona Portfolio) and indirectly by Syncona Holdings Limited (Syncona Holdings) and Syncona Limited (Syncona Limited). Syncona Portfolio is a wholly owned subsidiary of Syncona Holdings, and Syncona Holdings is a wholly controlled subsidiary of Syncona Limited (Syncona Limited), a publicly-listed company. Investment and voting decisions with respect to these shares are made by Syncona Portfolio, acting upon the recommendation of an investment committee of Syncona Investment Management Limited, also a subsidiary of Syncona Holdings. Each of these entities disclaims beneficial ownership except to the extent of its pecuniary interest therein, if any.
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 or control person. |
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. | Certifications. |
Not applicable.
Page 7 of 8
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 12, 2021
| SYNCONA PORTFOLIO LIMITED | ||
| By: | /s/ Robert Hutchinson | |
| Name: | Robert Hutchinson | |
| Title: | Director | |
| SYNCONA HOLDINGS LIMITED | ||
| By: | /s/ Robert Hutchinson | |
| Name: | Robert Hutchinson | |
| Title: | Director | |
| SYNCONA INVESTMENT MANAGEMENT LIMITED | ||
| By: | /s/ John Bradshaw | |
| Name: | John Bradshaw | |
| Title: | CFO | |
| SYNCONA LIMITED | ||
| By: | /s/ Robert Hutchinson | |
| Name: | Robert Hutchinson | |
| Title: | Director | |
Exhibit(s):
| Exhibit 99.1: | Joint Filing Statement |
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