PMI acquires 22.61% of Vectura in market purchases

LONDON, UK: Philip Morris International (PMI) has acquired 22.61 interest (135.5 million) Vectura shares at 165 pence per share in market purchases.

PMI Bidder and Vectura on 16 August 2021 regarding the posting of the offer document in respect of the recommended final cash offer for the entire issued and to be issued share capital of Vectura at a price of 165 pence per Vectura Share.

PMI is seeking to make further market purchases of Vectura shares at a price of up to 165 pence for each Share.

Due to regulatory requirements, PMI is unable to purchase Vectura shares in the market purchases (i.e., other than pursuant to the offer) from shareholders incorporated or located in the United States, or where the Vectura Shares would be sold from the United States.

Merrill Lynch International (BofA Securities), a subsidiary of Bank of America Corporation, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (‘PRA’) in the United Kingdom, is acting exclusively for PMI in connection with the matters set out in this announcement.

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