REG - Nanoco Group PLC - Director/PDMR Shareholding

NanocoAnnouncement

01/11/2019 07:05

RNS Number : 9023R
Nanoco Group PLC
01 November 2019
 


1 November 2019
NANOCO GROUP PLC
("Nanoco", the "Company" or the "Group")
 
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
 
Nanoco (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, announces that on 31 October 2019, nil-cost options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") were granted under the Nanoco 2015 Deferred Bonus Plan to the executive directors below:
 



Executive Director


Role


Number of Options granted over Ordinary Shares




Michael Edelman


CEO


731,151




Brian Tenner


COO & CFO


521,634




Nigel Pickett


CTO


437,681



 
Ordinarily, the options will vest following the announcement of Nanoco's results for its financial year ending 31 July 2021.
As set out in the Company's 2019 Annual Report, the award above represents 50% of the annual bonus earned by each executive director in the financial year ending 31 July 2019. The balance of the annual bonus would ordinarily be payable in cash, in line with the current shareholder approved remuneration policy which states that at least 50% of any annual bonus should be paid in cash.
The Board is currently seeking shareholder approval for a resolution at the AGM on 5 December 2019 to amend this rule to allow up to 100% of any annual bonus earned to be paid in Deferred Bonus Plan share awards rather than cash as the Board considers this to be in the best interests of the Company at the current time. In the event that the resolution is approved, a further identical award to the one described in this announcement would be made shortly thereafter. For the avoidance of doubt, the proposed policy amendment has no impact on the actual amount or maximum amount of bonus that has been or could be earned.
This notification is made pursuant to Disclosure and Transparency Rule 3.1.4. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information, please contact:



Nanoco Group PLC


Tel: +44 (0) 161 603 7900




Michael Edelman, Chief Executive Officer








Brian Tenner, Chief Financial Officer








Caroline Watson, Investor Relations Manager


Tel: + 44 (0) 7799 897357




cwatson@nanocotechnologies.com
 








MHP Communications


Tel: +44 (0) 20 3128 8570




Reg Hoare / Giles Robinson / Pete Lambie
nanoco@mhpc.com







 
 
Notification of Dealing Form



1.


Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")




a)


Name


MICHAEL EDELMAN




2.


Reason for the notification




a)


Position /status


CHIEF EXECUTIVE OFFICER




b)


Initial notification / amendment


INITIAL NOTIFICATION




3.


Details of the Issuer




a)


Name


NANOCO GROUP PLC




b)


LEI code


213800HOSJEZO1KOCV33




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)


Type of instrument:

Identification code


OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH




ISIN: GB00B01JLR99




b)


Nature of the transaction


GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil cost


731,151








d)


Aggregated information:

- Aggregated volume

- Price


N/A




e)


Date of the transaction


31 OCTOBER 2019




f)


Place of the transaction


OUTSIDE A TRADING VENUE



Notification of Dealing Form



1.


Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")




a)


Name


DR NIGEL PICKETT




2.


Reason for the notification




a)


Position /status


CHIEF TECHNICAL OFFICER




b)


Initial notification / amendment


INITIAL NOTIFICATION




3.


Details of the Issuer




a)


Name


NANOCO GROUP PLC




b)


LEI code


213800HOSJEZO1KOCV33




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)


Type of instrument:

Identification code


OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH




ISIN: GB00B01JLR99




b)


Nature of the transaction


GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil cost


437,681








d)


Aggregated information:

- Aggregated volume

- Price


N/A




e)


Date of the transaction


31 OCTOBER 2019




f)


Place of the transaction


OUTSIDE A TRADING VENUE



 
 
Notification of Dealing Form



1.


Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")




a)


Name


BRIAN TENNER




2.


Reason for the notification




a)


Position /status


CHIEF OPERATING OFFICER & CHIEF FINANCIAL OFFICER




b)


Initial notification / amendment


INITIAL NOTIFICATION




3.


Details of the Issuer




a)


Name


NANOCO GROUP PLC




b)


LEI code


213800HOSJEZO1KOCV33




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)


Type of instrument:

Identification code


OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH




ISIN: GB00B01JLR99




b)


Nature of the transaction


GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil cost


521,634








d)


Aggregated information:

- Aggregated volume

- Price


N/A




e)


Date of the transaction


31 OCTOBER 2019




f)


Place of the transaction


OUTSIDE A TRADING VENUE



 
- Ends -
 




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