29 February 2024
Oxford Nanopore Technologies
plc
("Oxford
Nanopore" or the "Company")
Directorate
Change
Oxford Nanopore Technologies plc
(LSE: ONT), the company delivering a new generation of
nanopore-based molecular sensing technology, today announces the
retirement of three Directors from the Board: Dr James ("Spike")
Willcocks, Clive Brown, and Tim Cowper. Clive will step off the
Board with immediate effect while Spike and Tim will not stand for
re-election at the 2024 AGM and will retire from the Board at the
conclusion of the AGM in June 2024. All three Directors will remain
in their operational leadership roles at Oxford Nanopore: Spike as
Chief Strategy Officer, Clive as Chief Technology, Innovation and
Product Officer and Tim as Chief Operating Officer. Each will also
continue to serve on the Company's Operating Committee.
These changes are part of normal
Board evolution and in line with best practice
governance.
Spike has served on the Board for 18
years and Clive and Tim have each served for five years.
Duncan Tatton-Brown, Chair of Oxford Nanopore,
commented: "I would like to thank
Spike, Clive and Tim for their outstanding support and contribution
to the Board during their long tenure and specifically in the
transition period since IPO. They have played a foundational role
in building this Company, and we are grateful for their ongoing
dedication and leadership."
As before and in line with the
Company's delegation of authority, the Company has determined that
only Directors are Persons Discharging Managerial Responsibilities
(PDMRs). Following retirement from the Board, Clive, Spike and Tim
will no longer be PDMRs.
Oxford Nanopore is committed to
Board diversity, and this evolution will also progress towards
fulfilling the Company's goal of reaching 40% female Board
representation. Following the AGM, the Board will include two
executive Directors and seven non-executive Directors, three of
whom are women.
This announcement is made pursuant
to Listing Rule 9.6.11R.
[ENDS]
For further information, please
contact:
Oxford Nanopore Technologies plc
Investors:
ir@nanoporetech.com
Media:
media@nanoporetech.com
Teneo
Tom Murray, Olivia Peters
+44 (0) 20 7353 4200
OxfordNanoporeTechnologies@teneo.com