Transfer of Treasury Shares

RNS Number : 5495C

GlaxoSmithKline PLC

11 February 2020

 

GlaxoSmithKline plc

(the 'Company')

Transfer of Treasury Shares

On 10 February 2020, the Company transferred 25,800,000 ordinary shares of 25 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 12,900,000 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 $43.95 per ADR, representing $21.975 per Ordinary Share, was funded by a contribution to the Trust from GlaxoSmithKline LLC.

Following the transfer, the Company's issued share capital consisted of 5,384,119,172 Ordinary Shares, of which 367,705,950 were held as Treasury Shares.

Therefore, the total number of voting rights in the Company is 5,016,413,222. 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.

V A Whyte

Company Secretary

11 February 2020

 

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