REG - Nanoco Group PLC - Director/PDMR Shareholding

NanocoAnnouncement

27/10/2022 17:30

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RNS Number : 4046E  Nanoco Group PLC  27 October 2022

27 October 2022

NANOCO GROUP PLC

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

 

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 27 October 2022, nil-cost options over
ordinary shares of 10 pence each in the Company ("Ordinary Shares") were
granted under the Nanoco 2015 Deferred Bonus Plan (the "DBP") to the executive
directors and staff as noted below:

 Name of Director / PDMR          Number of options granted
 Brian Tenner (CEO - Director)    649,072
 Nigel Pickett (CTO - Director)   501,421
 Liam Gray (CFO - Director)       253,161
 Other non-disclosable staff      91,962
 Total number of options granted  1,495,616

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 2022. This was 36.67 pence. The DBP options are subject to a
two year holding period and ordinarily will vest following the announcement of
Nanoco's results for its financial year ending 31 July 2024. There are no
further performance conditions for the DBP options.

Additionally, on 27 October 2022 Nanoco Group plc ("Nanoco") granted nil-cost
options over ordinary shares of 10 pence each in the Company under the Nanoco
Group 2015 Long Term Incentive Plan (the "LTIP") to the executive directors
and staff as noted below.

 Name of Director / PDMR          Number of options granted  Resulting total 1  (#_ftn1)
 Brian Tenner (CEO - Director)    1,192,716                  7,600,818
 Nigel Pickett (CTO - Director)   848,780                    6,480,968
 Liam Gray (CFO - Director)       607,201                    2,239,173
 Other non-disclosable staff      1,170,577
 Total number of options granted  3,819,274

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 2022. This was 36.67 pence.

The vesting of the LTIP options is subject to the achievement of two
performance conditions. Fifty percent (50%) will vest depending on absolute
total shareholder return ("Absolute TSR") over the three year performance
period ending 31 July 2025. Fifty percent (50%) will vest depending on growth
in the Company's revenue over the three year performance period ending 31 July
2025.

The target for Absolute TSR is also expressed as an equivalent compound annual
growth rate ('CAGR') compared to the average of the closing mid-market price
of the Company's shares for the three months before the Group's annual results
for the year ending 31 July 2022 (as announced on 20 October 2022 and in
accordance with the rules of the scheme). The targets for Absolute TSR are set
out in the table below:

 Range            Share price (equivalent CAGR (%))  Proportion of award that will vest
 Below threshold  Less than 55 pence (<15%)          Nil
 Threshold        55 pence (15%)                     25%
 Target           62 pence (20%)                     60%
 Maximum          70 pence (25%)                     100%

Given the Group is entering a new stage in its development, the Directors
consider that the revenue targets are commercially sensitive and hence are not
being disclosed at this time. However, in order to maintain transparency, the
targets will be disclosed at the same time as the actual outcome is assessed
following the end of the performance period.

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 2025. 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

Chief Financial Officer and Company Secretary

Telephone : +44 (0) 1928 761422

 

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 and other
nano-materials. 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, Sensor and Electronics markets. An interesting property of
quantum dots is size-tunable absorption spectrum. Nanoco's HEATWAVE™ quantum
dots can be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications including image
sensors. Another interesting property 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 Runcorn, 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 DEFERRED BONUS
                                             PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  649,072
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

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 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  1,192,716
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

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 DEFERRED BONUS
                                             PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  501,421
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

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  848,780
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

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 DEFERRED BONUS
                                             PLAN
 c)  Price(s) and volume(s)                  Price(s)  Volume(s)
                                             Nil cost  253,161
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

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  607,201
 d)  Aggregated information:                 N/A

- Aggregated volume

- Price
 e)  Date of the transaction                 27 OCTOBER 2022
 f)  Place of the transaction                OUTSIDE A TRADING VENUE

d)

Aggregated information:

- Aggregated volume

- Price

N/A

e)

Date of the transaction

27 OCTOBER 2022

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

= END =

 1  (#_ftnref1) The totals shown include previous EMI awards, LTIP awards, and
Deferred Bonus Plan awards including the ones detailed above. Details of each
award, excluding those above, can be found in the Remuneration Report section
of the Annual Report for the year ending 31 July 2022.

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