REG - Nanoco Group PLC - Director/PDMR Shareholding

NanocoAnnouncement

01/12/2021 12:35

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RNS Number : 2433U  Nanoco Group PLC  01 December 2021

1 December 2021

NANOCO GROUP PLC

("Nanoco", the "Group" or the "Company")

 

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

As set out in the Company's 2021 Annual Report, the Board was seeking
shareholder approval for a resolution at the AGM on 30 November 2021 to amend
the remuneration policy and the Nanoco Group 2015 Long Term Incentive Plan
(the "LTIP") to issue nil-cost options over ordinary shares of 10 pence each
in the Company to executive directors with a value up to 150% of salary. The
previous policy was a maximum of 100% of salary (with up to 250% of salary in
exceptional circumstances).

The relevant resolutions were approved by shareholders at the AGM on 30
November 2021 with 99.0% and 98.9% of votes cast in favour respectively.
Subject to and following this approval, Nanoco has now granted to the
Executive Directors nil options to the value of 50% of salary, in addition to
those issued on 9 November 2021, as noted below:

 Name of Director / PDMR          Number of options granted
 Brian Tenner (CEO - Director)    592,417
 Nigel Pickett (CTO - Director)   463,744
 Liam Gray (CFO - Director)       266,588
 Total number of options granted  1,322,749

The number of options awarded has been calculated in accordance with the
scheme rules by reference to the average closing mid-market share price for
the three days after the announcement of the Group's results for the year
ending 31 July 2021. This was 21.1 pence.

The vesting of the LTIP options is subject to the achievement of performance
conditions based upon the growth in the Company's share price over the three
year performance period ending 31 July 2024. The equivalent compound annual
growth rate ('CAGR') is shown for information purposes and is based on the
average of the closing mid-market price of the Company's shares for the three
days after the Group's annual results for the year ending 31 July 2021
(announced on 3 November 2021).

 Range            Share price (equivalent CAGR (%))  Proportion of award that will vest
 Below threshold  Less than 35 pence (<28.8%)        Nil
 Threshold        35 pence (28.8%)                   25%
 Target           45 pence (46.0%)                   60%
 Maximum          55 pence (61.4%)                   100%

Ordinarily, the LTIP options will vest (subject to the achievement of the
performance conditions) following the announcement of Nanoco's results for its
financial year ending 31 July 2024. The options are then subject to an
additional two year holding period. This notification is made pursuant to
Disclosure and Transparency Rule 3.1.4.

For further information please contact:

Liam Gray

Company Secretary

Telephone : +44 (0) 161 603 7900

 

Notes for editors:

 

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are
materials with dimensions typically in the range 1 - 100 nm. Nano-materials
have a range of useful properties, including optical and electronic. Quantum
dots are a subclass of nano-material that have size-dependent optical and
electronic properties. The Group produces quantum dots. Within the sphere of
quantum dots, the Group exploits different characteristics of the quantum dots
to target different performance criteria that are attractive to specific
markets or end-user applications such as the Display and Electronics markets.
One of the interesting properties of quantum dots is photoluminescence: the
emission of longer wavelength light upon excitation by light of a shorter
wavelength. The colour of light emitted depends on the particle size. Nanoco's
CFQD(®) quantum dots are free of cadmium and other toxic heavy metals and can
be tuned to emit light at different wavelengths across the visible and
infrared spectrum, rendering them useful for a wide range of applications
including displays, lighting and biological imaging.

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US
subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a
world-class, patent-protected IP portfolio generated both by its own
innovation engine, as well as through acquisition.

Nanoco is listed on the Main Market of the London Stock Exchange and trades
under the ticker symbol NANO. For further information please visit:
www.nanocotechnologies.com (http://www.nanocotechnologies.com) .

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 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                      ORDINARY SHARES OF 1O PENCE EACH

Identification code
     ISIN: GB00B01JLR99
 b)  Nature of the transaction               GRANT OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 LONG TERM
                                             INCENTIVE PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  592,417
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 1 DECEMBER 2021
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

1 DECEMBER 2021

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                      ORDINARY SHARES OF 1O PENCE EACH

Identification code
     ISIN: GB00B01JLR99
 b)  Nature of the transaction               GRANT OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 LONG TERM
                                             INCENTIVE PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  463,744
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 1 DECEMBER 2021
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

1 DECEMBER 2021

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                                    LIAM GRAY
 2.  Reason for the notification
 a)  Position /status                        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                      ORDINARY SHARES OF 1O PENCE EACH

Identification code
     ISIN: GB00B01JLR99
 b)  Nature of the transaction               GRANT OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 LONG TERM
                                             INCENTIVE PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  266,588
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 1 DECEMBER 2021
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

1 DECEMBER 2021

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

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