As filed with the Securities and Exchange Commission on June 7, 2019
Registration StatementNo. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMS-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
QUOTIENT LIMITED
(Exact name of registrant as specified in its charter)
Jersey, Channel Islands | Not applicable | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
B1, Business Park Terre Bonne,
Route de Crassier 13,
1262 Eysins, Switzerland
Tel:011-41-22-716-9800
(Address of principal executive offices)
Quotient Limited
2014 Equity Incentive Plan
As adopted on March 31, 2014,
amended and restated on October 28, 2016 and
further amended and restated on October 31, 2018
(Full titles of the Plans)
Jeremy Stackawitz
Quotient Biodiagnostics, Inc.
301 South State Street,Suite S-204
Newtown, Pennsylvania 18940
(215)497-7006
(Name and address of agent for service)
Copies to:
Per B. Chilstrom, Esq.
Clifford Chance LLP
10 Upper Bank Street
London E14 5JJ
England
+44-20-7006-1000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☒ | |||
Non-accelerated filer | ☐ | Smaller reporting company | ☒ | |||
Emerging growth company | ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒
CALCULATION OF REGISTRATION FEE
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Title of Each Class of Securities to be Registered | Amount to be Registered(1) | Proposed Maximum | Proposed Maximum Offering Price(2) | Amount of Registration Fee | ||||
Ordinary Shares of nil par value per share | 200,000 (3) | $8.76 | $1,752,000 | $212.34 | ||||
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(1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional ordinary shares that become issuable under the Quotient Limited 2014 Stock Incentive Plan, as adopted on March 31, 2014, amended and restated on October 28, 2016 and further amended and restated on October 31, 2018 (the “Second Amended and Restated 2014 Plan”), by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding ordinary shares. |
(2) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) promulgated under the Securities Act. The offering price per ordinary share and the aggregate offering price is based upon the average of the high and low prices of the ordinary shares, as reported on the Nasdaq Global Market on June 6, 2019. |
(3) | Represents ordinary shares that were automatically added to the number of shares authorized for issuance under the Second Amended and Restated 2014 Plan pursuant to an “evergreen” provision, which allows for an annual increase in the number of ordinary shares authorized for issuance thereunder. See “Explanatory Note” for additional information. |
EXPLANATORY NOTE
REGISTRATION OF ADDITIONAL SHARES
Quotient Limited (the “Company”) has registered an aggregate of 3,570,206 ordinary shares for issuance under the Quotient Limited 2014 Stock Incentive Plan, as adopted on March 31, 2014, amended and restated on October 28, 2016 and further amended and restated on October 31, 2018 (the “Second Amended and Restated 2014 Plan”), pursuant to Registration Statements onForm S-8(Nos. 333-195507,333-214483,333-218462,333-225553 and333-228330) filed with the Securities and Exchange Commission (the “SEC”) on April 25, 2014, November 7, 2016, June 2, 2017, June 11, 2018 and November 9, 2018, respectively (the “Prior Registration Statements”).
Pursuant to an “evergreen” provision contained in the Second Amended and Restated 2014 Plan, on April 1 of each year through 2023, the number of shares authorized for issuance under the Second Amended and Restated 2014 Plan automatically increases by an amount equal to the lesser of 1% of the total number of the Company’s ordinary shares outstanding on March 31 of the preceding year, 200,000 ordinary shares or such smaller amount as determined by the Board of Directors of the Company. Pursuant to this provision, on April 1, 2019, 200,000 additional ordinary shares became authorized for issuance under the Second Amended and Restated 2014 Plan.
The Company is filing this Registration Statementon Form S-8 to register 200,000 ordinary shares that were automatically added to the number of shares authorized for issuance under the Second Amended and Restated 2014 Plan pursuant to the “evergreen” provision contained in the Second Amended and Restated 2014 Plan. Pursuant to General Instruction Eof Form S-8, this Registration Statement hereby incorporates by reference the contents of the Prior Registration Statements, except to the extent supplemented, amended or superseded by the information set forth herein.
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. | Incorporation of Documents by Reference. |
The following documents, which have been filed by the registrant with the SEC are hereby incorporated by reference herein, and shall be deemed to be a part of, this Registration Statement:
• | The description of the ordinary shares contained in Amendment No. 3 to the Registration Statement onForm 8-A/A (FileNo. 001-36415), filed with the SEC on October 30, 2015 pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any amendments or reports filed for the purpose of updating such description; |
• | The Current Reports on Form8-K filed with the SEC onMay 1, 2019 (but only with respect to Items 1.01 and 8.01 and Exhibit 10.1 thereto),May 16, 2019 andMay 31, 2019; |
• | The Annual Report onForm 10-K for the fiscal year ended March 31, 2019 filed with the SEC on May 29, 2019 pursuant to Section 13 of the Exchange Act; and |
• | The Amendment No. 1 to the Definitive Proxy Statement on Schedule 14A filed with the SEC on August 31, 2018 pursuant to Section 14(a) of the Exchange Act (but only with respect to information required by Part III of our Annual Report onForm 10-K for the year ended March 31, 2018). |
In addition, all documents filed by the registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this registration statement and prior to the filing of apost-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part of it from the respective dates of filing such documents; except as to any portion of any future annual, quarterly or current report or other document that is deemed furnished and not deemed filed under such provisions. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
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Item 8. | Exhibits. |
* | Filed previously. |
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Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing onForm S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in Eysins, Switzerland on June 7, 2019.
Quotient Limited | ||||
By: | /s/ Franz Walt | |||
Name: | Franz Walt | |||
Title: | Chief Executive Officer |
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints Franz Walt, Christopher Lindop and Roland Boyd and each of them, as such person’s true and lawfulattorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and any additional related registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (includingpost-effective amendments to the registration statement and any such related registration statements), and to file the same, with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, granting unto saidattorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that saidattorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Name | Title | Date | ||
/s/ Franz Walt Franz Walt | Chief Executive Officer and Director (Principal Executive Officer) | June 7, 2019 | ||
/s/ Christopher Lindop Christopher Lindop | Chief Financial Officer (Principal Financial Officer) | June 7, 2019 | ||
/s/ Roland Boyd Roland Boyd | Group Financial Controller and Treasurer (Principal Accounting Officer) | June 7, 2019 | ||
/s/ Thomas Bologna Thomas Bologna | Director | June 7, 2019 | ||
/s/ Frederick Hallsworth Frederick Hallsworth | Director | June 7, 2019 | ||
/s/ Brian McDonough Brian McDonough | Director | June 7, 2019 | ||
/s/ Sarah O’Connor Sarah O’Connor | Director | June 7, 2019 | ||
/s/ Zubeen Shroff Zubeen Shroff | Director | June 7, 2019 |
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Name | Title | Date | ||
/s/ Heino von Prondzynski Heino von Prondzynski | Director | June 7, 2019 | ||
/s/ John Wilkerson John Wilkerson | Director | June 7, 2019 | ||
/s/ Jeremy Stackawitz Jeremy Stackawitz | Authorized Representative in the United States | June 7, 2019 |
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