Monday, May 3, 2021

Equity Corporate Actions Alert #2021 - 72
(UPDATED: Scheme of Arrangement Effective) Information Regarding the Scheme of Arrangement of GW Pharmaceuticals plc (GWPH) and Jazz Pharmaceuticals Plc (JAZZ)

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  • Industry Announcement

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At a special meeting held on April 23, 2021, shareholders of GW Pharmaceuticals plc. (GWPH) approved the proposed scheme of arrangement with Jazz Pharmaceuticals Plc. (JAZZ). The merger was sanctioned (approved) by the UK court and closed prior to the market open on May 5, 2021. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on May 4, 2021. The stock will remain halted on the day of closing (May 5, 2021) and will be suspended effective May 6, 2021. The details are as follows:

Company/Issue: GW Pharmaceuticals plc.
CUSIP#: 36197T103
Symbol: GWPH
Last Trading Date: May 4, 2021
Marketplace Effective Date for Suspension: May 6, 2021
Merger Consideration: $200.00 less applicable ADS fees ($0.10) and 0.120360 Ordinary Shares of Jazz Pharmaceuticals Plc for each ADS held.


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