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Stock impact report

Early Warning Report Issued Pursuant to National Instrument 62-103: Roivant announces Resignation and Replacement of Arbutus Board

Roivant Sciences Ltd. (ROIV) 
Company Research Source: GlobeNewswire
BASEL, Switzerland and LONDON and NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Roivant Sciences Ltd. (“Roivant”) today announced that the members of the Board of Directors of Arbutus Biopharma Corporation (“Arbutus”) have resigned and been replaced. As of the date hereof, Roivant beneficially owns and controls 38,847,462, or 20.5%, of Arbutus’s common shares. On February 21, 2025, Roivant’s Chief Executive Officer, Matthew Gline, met with the Board of Directors of Arbutus and requested that each of the members of the Board of Directors resign from their position as a director of Arbutus. As announced by Arbutus, each member of Arbutus's Board of Directors agreed to the request and resigned on February 24, 2025. In conjunction with their resignations, the Board of Directors agreed to (i) reduce the number of directors from seven to five; and (ii) replace Arbutus’s Board of Directors with five individuals – Lindsay Androski, Robert Alan Beardsley, Joseph Bishop, Matthew Gline and Anuj Show less Read more
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