UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 1)*
Bicycle Therapeutics plc
(Name of Issuer)
Ordinary Shares 1
(Title of Class of Securities)
088786108 2
(CUSIP Number)
Vertex Global HC Fund I Pte. Ltd.
250 North Bridge Road
#11-01 Raffles City Tower
Singapore 179101
Tel: 65-68288050
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 19, 2021
(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 Rule 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 (“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).
1 The holdings reported herein are held in the form of American Depositary Shares ("ADS"), which each represent one ordinary share, nominal value £0.01 per share of the Issuer ("Ordinary Shares"). References herein to “Ordinary Shares” include Ordinary Shares underlying American Depositary Shares.
2 Cusip number relates to the American Depositary Shares representing Ordinary Shares. References herein to “Ordinary Shares” include Ordinary Shares underlying American Depositary Shares.
CUSIP No. 088786108
| 1 |
NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vertex Venture Holdings Ltd. | ||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY
| ||
| 4 |
SOURCE OF FUNDS (See Instructions) AF | ||
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
| ||
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Singapore | ||
| 7 |
SOLE VOTING POWER 883,475 (see Item 5 below) | ||
| 8 |
SHARED VOTING POWER 0 | ||
| 9 |
SOLE DISPOSITIVE POWER 883,475 (see Item 5 below) | ||
| 10 |
SHARED DISPOSITIVE POWER 0 | ||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 883,475 (see Item 5 below) | ||
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ||
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.15% (see Item 5 below) | ||
| 14 |
TYPE OF REPORTING PERSON CO | ||
2
CUSIP No. 088786108
| 1 |
NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vertex Global HC Fund I Pte. Ltd. | ||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY
| ||
| 4 |
SOURCE OF FUNDS (See Instructions) WC | ||
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
| ||
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Singapore | ||
| 7 |
SOLE VOTING POWER 883,475 (see Item 5 below) | ||
| 8 |
SHARED VOTING POWER 0 | ||
| 9 |
SOLE DISPOSITIVE POWER 883,475 (see Item 5 below) | ||
| 10 |
SHARED DISPOSITIVE POWER 0 | ||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 883,475 (see Item 5 below) | ||
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ||
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.15% (see Item 5 below) | ||
| 14 |
TYPE OF REPORTING PERSON CO | ||
3
CUSIP No. 088786108
| 1 |
NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vertex Venture Management Pte. Ltd. | ||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY
| ||
| 4 |
SOURCE OF FUNDS (See Instructions) WC | ||
| 5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
| ||
| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION Singapore | ||
| 7 |
SOLE VOTING POWER 883,475 (see Item 5 below) | ||
| 8 |
SHARED VOTING POWER 0 | ||
| 9 |
SOLE DISPOSITIVE POWER 883,475 (see Item 5 below) | ||
| 10 |
SHARED DISPOSITIVE POWER 0 | ||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 883,475 (see Item 5 below) | ||
| 12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| ||
| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.15% (see Item 5 below) | ||
| 14 |
TYPE OF REPORTING PERSON CO | ||
4
AMENDMENT NO. 1 TO SCHEDULE 13D
This Amendment No. 1 to Schedule 13D (the “Amendment”) relates to Ordinary Shares (“Ordinary Shares”) of Bicycle Therapeutics Limited, a limited company organized under the laws of England and Wales (the “Issuer” or the “Company”). This Amendment is being filed to amend the Schedule 13D that was originally filed on June 7, 2019 (the “Schedule 13D”). This Amendment is being filed to update Item 4 and Item 5 to the Schedule 13D. Other than information set forth on the cover pages, Item 4 and Item 5 below, no other information in the Schedule 13D is being amended. Unless otherwise indicated in this Amendment, all capitalized terms have the meanings ascribed to them in the Schedule 13D.
Item 4. Purpose of Transaction
The Reporting Persons acquired the securities reported herein for the benefit of the above-referenced private investment funds and accounts for investment purposes. The Reporting Persons intend to evaluate this investment in the Issuer and options with respect to such investment on an ongoing basis.
The Reporting Persons may acquire additional Ordinary Shares and/or other securities of the Issuer from time to time or may dispose of any or all of such Ordinary Shares or other securities held or beneficially owned by them at any time.
As of June 30, 2020, Carolyn Ng, who serves as a principal of VGHC, ceased being a Director of the Issuer.
Item 5. Interest in Securities of the Issuer
(a) and (b) The information on the cover pages are incorporated by reference to this Item 5(a) and 5(b).
The ownership percentage is calculated based upon 21,304,801 of the Issuer’s Ordinary Shares outstanding as of November 3, 2020, as reported in the Issuer’s quarterly report for the quarter period ending September 30, 2020 on the Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 5, 2020.
(c) The following table sets forth all transactions with respect to the Ordinary Shares effected during the past sixty (60) days prior to the effective date of this Amendment No. 1 to Schedule 13D by the Reporting Persons. All transactions were made on the Nasdaq Stock Market.
| Date of Transaction | Transaction | Number of Securities | Price | |||||||
| Dec-14-2020 | Sale | 5,261 | $ | 19.5638 | ||||||
| Dec-15-2020 | Sale | 5,446 | $ | 19.2022 | ||||||
| Dec-16-2020 | Sale | 7,100 | $ | 19.2125 | ||||||
| Dec-17-2020 | Sale | 15,670 | $ | 19.2007 | ||||||
| Dec-18-2020 | Sale | 200 | $ | 19.2575 | ||||||
| Dec-21-2020 | Sale | 3,107 | $ | 19.2071 | ||||||
| Dec-22-2020 | Sale | 4,055 | $ | 20.0035 | ||||||
| Dec-23-2020 | Sale | 1,523 | $ | 20.0764 | ||||||
| Dec-28-2020 | Sale | 5,760 | $ | 19.9913 | ||||||
| Jan-05-2021 | Sale | 14,352 | $ | 19.2020 | ||||||
| Jan-06-2021 | Sale | 15,648 | $ | 19.4092 | ||||||
| Jan-07-2021 | Sale | 48,380 | $ | 20.0049 | ||||||
| Jan-08-2021 | Sale | 13,967 | $ | 19.8821 | ||||||
| Jan-11-2021 | Sale | 47,477 | $ | 19.9369 | ||||||
| Jan-12-2021 | Sale | 50,000 | $ | 20.2387 | ||||||
| Jan-13-2021 | Sale | 24,190 | $ | 20.2597 | ||||||
| Jan-14-2021 | Sale | 171,290 | $ | 24.6587 | ||||||
| Jan-15-2021 | Sale | 90,300 | $ | 26.6812 | ||||||
| Jan-19-2021 | Sale | 213,967 | $ | 28.5599 | ||||||
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(d) Not applicable.
(e) On January 19, 2021, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Issuer’s class of securities.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: January 20, 2021
| Vertex Venture Holdings Ltd. | ||
| By: | /s/ Chua Kee Lock | |
| Name: | Chua Kee Lock | |
| Title: | Director | |
| Vertex Global HC Fund I Pte. Ltd. | ||
| By: | /s/ Chua Kee Lock | |
| Name: | Chua Kee Lock | |
| Title: | Director | |
| Vertex Venture Management Pte. Ltd. | ||
| By: | /s/ Chua Kee Lock | |
| Name: | Chua Kee Lock | |
| Title: | Director | |
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