Full Press Release Details
Adaptimmune Therapeutics plc Proposes
Public Offering of American Depositary Shares
Pa. and OXFORD, UK., January 21, 2020 - Adaptimmune
Therapeutics plc (Nasdaq: ADAP), a leader in T-cell therapy to treat cancer, today announced that it intends to offer and sell
American Depositary Shares ("ADSs") in an underwritten public offering. The offering is subject to market conditions,
and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Adaptimmune also expects to grant the underwriters a 30-day option to purchase additional ADSs at the public offering price. All
of the ADSs in the offering are to be sold by Adaptimmune, with net proceeds to be used to advance the development of Adaptimmune's
immunotherapies into and through clinical trials as well as for other general corporate purposes.
Cowen is acting as sole book-running manager for the offering.
A shelf registration statement on Form S-3 relating to the public
offering of the ADSs described above was declared effective by the Securities and Exchange Commission ("SEC") on September
10, 2019. The offering is being made only by means of a written prospectus and prospectus supplement that form a part of the registration
statement. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC
and will be available on the SEC's web site at www.sec.gov. When available, copies of the preliminary prospectus supplement
relating to these securities may also be obtained by sending a request to: Cowen and Company, LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by email at PostSaleManualRequests@broadridge.com or
by telephone at (833) 297-2926.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale is not permitted.
For readers in the European Economic Area
In any EEA Member State, this communication is only addressed
to and directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. The term "Prospectus
Regulation" means Regulation (EU) 2017/1129.
For readers in the United Kingdom
This communication, in so far as it constitutes an invitation
or inducement to enter into investment activity (within the meaning of s21 Financial Services and Markets Act 2000 as amended)
in connection with the securities which are the subject of the offering described in this press release or otherwise, is being
directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating
to investments who fall within Article 19(5) (Investment professionals) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) certain high value persons and entities who fall within Article 49(2)(a)
to (d) (High net worth companies, unincorporated associations etc) of the Order; or (iv) any other person to whom it may lawfully
be communicated (all such persons in (i) to (iv) together being referred to as "relevant persons"). The ADSs are only
available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such ADSs will be engaged in only
with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
Adaptimmune is a clinical-stage biopharmaceutical company focused
on the development of novel cancer immunotherapy products for people with cancer. The Company's unique SPEAR (Specific
Peptide Enhanced Affinity Receptor) T-cell platform enables the engineering of T-cells to target and destroy cancer across multiple
Forward-Looking Statements
This release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). These forward-looking statements involve certain
risks and uncertainties. Such risks and uncertainties could cause our actual results to differ materially from those indicated
by such forward-looking statements, and include, without limitation: the success, cost and timing of our product development activities
and clinical trials and our ability to successfully advance our TCR therapeutic candidates through the regulatory and commercialization
processes. For a further description of the risks and uncertainties that could cause our actual results to differ materially from
those expressed in these forward-looking statements, as well as risks relating to our business in general, we refer you to our
Quarterly Report on Form 10-Q filed with the SEC on November 6, 2019, and our other SEC filings. The forward-looking statements
contained in this press release speak only as of the date the statements were made and we do not undertake any obligation to update
such forward-looking statements to reflect subsequent events or circumstances.
Adaptimmune Contacts:
S bastien Desprez - VP, Communications and Investor
Juli P. Miller, Ph.D. - Senior Director, Investor Relations