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CUSIP No. G6610J209 | | Schedule 13G | | Page 5 of 8 |
(a-c)
The ownership information presented below represents beneficial ownership of Ordinary Shares of the Issuer as of the date hereof, based upon 130,840,740 Ordinary Shares outstanding as of October 28, 2022, based on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2022.
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Reporting Person | | Amount beneficially owned | | | Percent of class: | | | Sole power to vote or to direct the vote: | | | Shared power to vote or to direct the vote: | | | Sole power to dispose or to direct the disposition of: | | | Shared power to dispose or to direct the disposition of: | |
GoldenTree Asset Management LP | | | 697,946 | | | | 0.5 | % | | | 0 | | | | 697,946 | | | | 0 | | | | 697,946 | |
GoldenTree Asset Management LLC | | | 697,946 | | | | 0.5 | % | | | 0 | | | | 697,946 | | | | 0 | | | | 697,946 | |
Steven A. Tananbaum | | | 697,946 | | | | 0.5 | % | | | 0 | | | | 697,946 | | | | 0 | | | | 697,946 | |
The securities reported in the table above include (i) 433,086 Ordinary Shares and (ii) 264,860 Ordinary Shares issuable upon exercise of certain warrants (the “Warrants”) held of record by certain managed accounts (collectively, the “Accounts”) for which the Investment Manager serves as investment manager. Mr. Tananbaum is the managing member of IMGP, which is the general partner of the Investment Manager. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities held of record by the Accounts.
Pursuant to the terms of the Warrants, the Investment Manager may exercise the Warrants only to the extent that doing so would not result in the Reporting Persons becoming the beneficial owners of more than 9.9% of the then-outstanding Ordinary Shares, after accounting for the Ordinary Shares to be issued at the time of any such Warrant exercise.
ITEM 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following: ☒
ITEM 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.