[25-NSE] Verona Pharma plc SEC Filing
Rhea-AI Filing Summary
Verona Pharma plc submitted a Form 25 notice relating to removal of a class of its securities from listing and/or registration on the Nasdaq Stock Market LLC. The filing identifies the issuer's principal office in London and cites the Exchange rules under 17 CFR 240.12d2-2 as the basis for the strike/withdrawal action, with checkboxes for the (a)(1)–(a)(4) provisions and references to subsections (b) and (c) about procedural compliance. The notice also shows the Commission File Number 001-38067 and the OMB approval number 3235-0080.
Positive
- Procedural compliance is documented under 17 CFR 240.12d2-2(b) and (c)
- Issuer identity and Exchange are clearly stated (Verona Pharma plc; Nasdaq)
Negative
- Delisting/withdrawal indicates the class of securities will be removed from Nasdaq, which can reduce liquidity
- No effective date or follow-up actions are provided in the filing text, leaving timing unclear
Insights
Form 25 notifies Nasdaq and SEC that a Verona Pharma security will be struck from Nasdaq listing.
The document records a formal removal/withdrawal action under 17 CFR 240.12d2-2, with compliance statements for both the Exchange and the issuer. This is an administrative notice to the SEC that listing/registration will end for the identified class of securities.
Key near-term effects are procedural: the security will no longer be listed on Nasdaq, which may affect market access and liquidity for holders. Watch for published effective dates of delisting, any parallel filings (e.g., Form 15) or transfer arrangements to another market within standard post-filing windows.