Transfer of Treasury SharesSource: RNS
Transfer of Treasury Shares
On 1 December 2022, the Company transferred 26,800,000 ordinary shares of 31 1/4 pence each ("Ordinary Shares") that were held by the Company in treasury ("Treasury Shares") to JPMorgan Chase Bank, N.A. the depositary of the Company's American depositary receipts ("ADR") programme, to procure the issuance and transfer of 13,400,000 ADRs of the Company to the GlaxoSmithKline (US) Trust (the "Trust"), to be used to satisfy awards granted under the Company's Deferred Annual Bonus Plan, Performance Share Plan and Share Value Plan. The consideration received from the trustee of the Trust of $34.590 per ADR, representing $17.295 per Ordinary Share, was funded by a contribution to the Trust from GlaxoSmithKline LLC.
Following the transfer and as at 2 December 2022, the Company's issued share capital consisted of 4,311,323,691 Ordinary Shares, of which 217,124,760 were held as Treasury Shares.
Therefore, the total number of voting rights in the Company is 4,094,198,931. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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V A Whyte
5 December 2022