UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 – Exit Filing*)
Myovant Sciences Ltd.
(Name of Issuer)
Common Shares, $0.000017727 par value per share
(Title of Class of Securities)
G637AM102
(CUSIP Number)
Dexxon Holdings Ltd.
1 Dexcel Street
Or Akiva, 3060000, Israel
+972-4-6364040
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
July 10, 2019
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. G637AM102 | Page 2 of 7 Pages |
| 1. |
Name of reporting person Dexxon Holdings Ltd. | |
| 2. |
Check the appropriate box if a member of a group (a) ¨ (b) ¨
| |
| 3. |
SEC use only
| |
| 4. |
Source of funds
OO – other | |
| 5. |
Check box if disclosure of legal proceedings is required pursuant to Item 2(e) or 2(f) ¨
| |
| 6. |
Citizenship or place of organization
Israel |
|
Number of shares beneficially owned by each reporting person with
|
7. |
Sole voting power
0 | ||
| 8. |
Shared voting power
0 | |||
| 9. |
Sole dispositive power
0 | |||
| 10. |
Shared dispositive power
0 Common Shares (see Item 5) |
| 11. |
Aggregate amount beneficially owned by each reporting person
0 Common Shares (see Item 5) | |
| 12. |
Check box if the aggregate amount in Row (11) excludes certain shares ¨
| |
| 13. |
Percent of class represented by amount in Row (11)
0% (see Item 5)* | |
| 14. |
Type of reporting person
CO |
| CUSIP No. G637AM102 | Page 3 of 7 Pages |
| 1. |
Name of reporting person Dexcel Pharma Technologies Ltd. | |
| 2. |
Check the appropriate box if a member of a group (a) ¨ (b) ¨
| |
| 3. |
SEC use only
| |
| 4. |
Source of funds
OO – other | |
| 5. |
Check box if disclosure of legal proceedings is required pursuant to Item 2(e) or 2(f) ¨
| |
| 6. |
Citizenship or place of organization
Israel |
|
Number of shares beneficially owned by each reporting person with
|
7. |
Sole voting power
0 | ||
| 8. |
Shared voting power
0 | |||
| 9. |
Sole dispositive power
0 | |||
| 10. |
Shared dispositive power
0 Common Shares (see Item 5) |
| 11. |
Aggregate amount beneficially owned by each reporting person
0 Common Shares (see Item 5) | |
| 12. |
Check box if the aggregate amount in Row (11) excludes certain shares ¨
| |
| 13. |
Percent of class represented by amount in Row (11)
0% (see Item 5)* | |
| 14. |
Type of reporting person
CO |
| CUSIP No. G637AM102 | Page 4 of 7 Pages |
| 1. |
Name of reporting person Dan Oren | |
| 2. |
Check the appropriate box if a member of a group (a) ¨ (b) ¨
| |
| 3. |
SEC use only
| |
| 4. |
Source of funds
OO – other | |
| 5. |
Check box if disclosure of legal proceedings is required pursuant to Item 2(e) or 2(f) ¨
| |
| 6. |
Citizenship or place of organization
Israel |
|
Number of shares beneficially owned by each reporting person with
|
7. |
Sole voting power
0 | ||
| 8. |
Shared voting power
0 | |||
| 9. |
Sole dispositive power
0 | |||
| 10. |
Shared dispositive power
0 Common Shares (see Item 5) |
| 11. |
Aggregate amount beneficially owned by each reporting person
0 Common Shares (see Item 5) | |
| 12. |
Check box if the aggregate amount in Row (11) excludes certain shares ¨
| |
| 13. |
Percent of class represented by amount in Row (11)
0% (see Item 5)* | |
| 14. |
Type of reporting person
IN |
| CUSIP No. G637AM102 | Page 5 of 7 Pages |
EXPLANATORY NOTE
This Amendment No. 1 (the “Amendment”) amends and supplements the Schedule 13D filed by the Reporting Persons on June 14, 2019 (the “Schedule 13D”). Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not otherwise defined in this Amendment shall have the same meanings ascribed to them in the Schedule 13D.
This Amendment constitutes an exit filing for the Reporting Persons (as defined below). Due to changes in the internal governance of Roivant Sciences Ltd. (“Roivant”) relating to Roivant’s dispositive power over the Common Shares of the Issuer, the Reporting Persons are no longer deemed to beneficially own the Common Shares of the Issuer directly owned by Roivant. Additionally, based on other changes in Roivant’s internal governance relating to oversight of Roivant’s business and governance, the Reporting Persons are no longer deemed to control Roivant within the meaning of Instruction C to Schedule 13D. Roivant’s ownership of the Issuer’s Common Shares remains unchanged and this filing is not being made as a result of the purchase or sale of Common Shares of the Issuer by any party, including the Reporting Persons. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
| CUSIP No. G637AM102 | Page 6 of 7 Pages |
| ITEM 4. | PURPOSE OF TRANSACTION. |
Item 4 of the Schedule 13D is hereby amended and supplemented by the following information:
Due to changes in the internal governance of Roivant relating to Roivant’s dispositive power over the Common Shares of the Issuer, the Reporting Persons are no longer deemed to beneficially own the Common Shares of the Issuer directly owned by Roivant.
Additionally, based on other changes in Roivant’s internal governance relating to oversight of Roivant’s business and governance, the Reporting Persons are no longer deemed to control Roivant within the meaning of Instruction C to Schedule 13D. Roivant’s ownership of the Issuer’s Common Shares remains unchanged and this filing is not being made as a result of the purchase or sale of Common Shares of the Issuer by any party, including the Reporting Persons. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
| ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER. |
Item 5 of the Schedule 13D is hereby amended and supplemented by the following information:
| (a) – (b) | The information provided in Item 4 above is incorporated by reference into this Item 5. |
| CUSIP No. G637AM102 | Page 7 of 7 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: July 12, 2019
| /s/ Dan Oren | ||
| Dan Oren |
| DEXXON HOLDINGS LTD. | ||
| By: | /s/ Dan Oren | |
| Name: Dan Oren | ||
| Title: Director | ||
| DEXCEL PHARMA TECHNOLOGIES LTD. | ||
| By: | /s/ Dan Oren | |
| Name: Dan Oren | ||
| Title: President and Chief Executive Officer | ||