12 April 2024
Oxford Nanopore Technologies plc (the
"Company")
Grant of LTIP and DBP awards and vesting
of DBP awards; Director/PDMR Notification
Notification
and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with
them
The Company announces the following
transactions in connection with certain of its employee share
plans, which were summarised for shareholders in the prospectus
issued in connection with the Company's admission to trading on the
London Stock Exchange.
Long Term
Incentive Plan 2021 ("LTIP")
On 11 April 2024, the Company made conditional
awards over ordinary shares of £0.0001 each ("Shares") under the
Company's LTIP to those Persons Discharging Managerial
Responsibilities (each a "PDMR") outlined below.
Name
|
Number of Shares subject to award granted under
LTIP
|
Nicholas Keher (Director)
|
747,055
|
Timothy Cowper (Director)
|
639,831
|
Gordon Sanghera (Director)
|
1,279,662
|
Spike Willcocks (Director)
|
834,783
|
The awards are subject to the achievement of
performance conditions over a three-year period and a subsequent
two-year holding period. The shares will accrue a dividend
equivalent between the award date and the end of the holding
period.
The number of Shares over which the awards were
granted was calculated based on a price of £1.14 per Share.
This is the average closing middle-market share price, as derived
from the Daily Official List of the London Stock Exchange, for the
five business days preceding the award date.
Deferred Bonus
Plan 2021 ("DBP")
On 11 April 2024, the Company made conditional
awards over Shares under the Company's DBP to the PDMRs as outlined below:
Name
|
Number of Shares subject to award granted under
DBP
|
Timothy Cowper (Director)
|
67,590
|
Gordon Sanghera (Director)
|
135,181
|
Spike Willcocks (Director)
|
88,184
|
The awards relate to the deferral
into shares of 33.3% of the bonuses paid to the PDMRs in relation
to the financial year ending 31 December 2023. Under the
Company's directors' remuneration policy, at least 33.3% of the
annual bonus payable to the directors are settled in deferred share
awards, with 50% of the award vesting on the first anniversary of
the award date and the remaining 50% vesting on the second
anniversary of the award date. The shares will accrue a
dividend equivalent between the award date and the relevant vesting
date.
The number of Shares over which the
awards were granted was calculated based on a price of £1.14 per
share. This is the average closing middle-market share price,
as derived from the Daily Official List of the London Stock
Exchange, for the five business days preceding the award
date.
Vesting of
2022 and 2023 DBP awards
On 11 April 2024, 50% of the DBP awards made to
PDMRs in 2022 and 2023 vested and the awards were satisfied through
the issue of new Shares in relation to each PDMR as
follows:
Timothy Cowper (Director)
|
44,936
|
Gordon Sanghera (Director)
|
92,499
|
Spike Willcocks (Director)
|
61,388
|
Tim Cowper then sold sufficient Shares to meet his tax liabilities
in respect of the vesting of his award.
Nicholas Keher - LTIP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Nicholas Keher
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Financial Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Long-Term Incentive Plan
2021 due to vest in 2027 subject to the achievement of performance
conditions
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
747,055
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
747,055
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Timothy Cowper - LTIP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Timothy Cowper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Long-Term Incentive Plan
2021 due to vest in 2027 subject to the achievement of performance
conditions
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
639,831
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
639,831
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Timothy Cowper - DBP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Timothy Cowper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Deferred Bonus Plan
2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
67,590
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
67,590
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Timothy Cowper - Issue of new shares
under the DBP
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Timothy Cowper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Vesting of awards made under the Deferred Bonus
Plan 2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
44,936
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
44,936
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
Timothy Cowper - Sale of new shares
under the DBP
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Timothy Cowper
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Operating Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Sale
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
£1.11
|
21,121
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
21,121
£23,444.31
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
Gordon Sanghera - LTIP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Gurdial (Gordon) Sanghera
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Executive Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Long-Term Incentive Plan
2021 due to vest in 2027 subject to the achievement of performance
conditions
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
1,279,662
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
1,279,662
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Gordon Sanghera - DBP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Gurdial (Gordon) Sanghera
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Executive Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Deferred Bonus Plan
2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
135,181
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
135,181
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Gordon Sanghera - Issue of new shares
under the DBP
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
Gurdial (Gordon) Sanghera
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Executive Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Vesting of awards made under the Deferred Bonus
Plan 2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
92,499
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
92,499
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
Spike Willcocks - LTIP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
James (Spike) Willcocks
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Strategy Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Long-Term Incentive Plan
2021 due to vest in 2027 subject to the achievement of performance
conditions
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
834,783
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
834,783
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Spike Willcocks - DBP award
granted
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
James (Spike) Willcocks
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Strategy Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Award granted under the Deferred Bonus Plan
2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
88,184
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
88,184
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
Outside of a trading venue
|
Spike Willcocks - Issue of new shares
under the DBP
1
|
Details of the person discharging
managerial responsibilities / person closely
associated
|
a)
|
Name
|
James (Spike) Willcocks
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief Strategy Officer
|
b)
|
Initial/Amendment
notification
|
Initial notification
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name
|
Oxford Nanopore Technologies plc
|
b)
|
LEI
|
213800IRWQ2Q6M2CDW55
|
4
|
Details of the transaction(s): section
to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
a)
|
Description of the financial instrument,
type of instrument
Identification code
|
Ordinary
shares of £0.0001 each
GB00BP6S8Z30
|
b)
|
Nature of the
transaction
|
Vesting of awards made under the Deferred Bonus
Plan 2021
|
c)
|
Price(s) and
volumes(s)
|
Price(s)
|
Volume(s)
|
Nil
|
61,388
|
|
d)
|
Aggregated
information
- Aggregated
volume
- Aggregated
price
|
61,388
Nil
|
e)
|
Date of the
transaction
|
11 April 2024
|
f)
|
Place of the
transaction
|
London Stock Exchange
(XLON)
|
[ENDS]
Enquiries:
Investors
ir@nanoporetech.com
Media
media@nanoporetech.com
OxfordNanoporeTechnologies@teneo.com