REG - Oxford Nanopore Tech - Founder LTIP - Director/PDMR Notification

Oxford Nanopore TechnologiesAnnouncement

28/06/2024 16:30

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RNS Number : 4333U  Oxford Nanopore Technologies plc  28 June 2024

28 June 2024

Oxford Nanopore Technologies plc (the "Company")

Release of shares under legacy Founder LTIP - Director/PDMR Notification

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

In June 2021, the Company granted a one-off legacy conditional
performance-related award under the Oxford Nanopore Technologies Limited
Long-Term Incentive Plan 2021 approved by shareholders prior to the Company's
initial public offering ("Founder LTIP").

As previously disclosed, a proportion of this award vested in January 2022
subject to a post-vesting holding period ending on the third anniversary of
the grant date. On 27 June 2024, 3,737,257 ordinary shares of £0.0001 each
("Ordinary Shares") were released under the Founder LTIP to Gordon Sanghera, a
Director and a Person Discharging Managerial Responsibilities.

On 28 June 2024, Gordon Sanghera then sold sufficient Ordinary Shares to meet
a portion of his tax liabilities in respect of the release of his award, with
the balance of Ordinary Shares retained.

Gordon Sanghera - release of the award granted under the Founder LTIP

 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   Ordinary shares of £0.0001 each

     Identification code

                                                                  GB00BP6S8Z30
 b)  Nature of the transaction                                    Release of the award granted under the Oxford Nanopore Technologies Limited
                                                                  Long-Term Incentive Plan 2021
 c)  Price(s) and volumes(s)

Price(s)  Volume(s)
                                                                  Nil       3,737,257
 d)  Aggregated information

     - Aggregated volume                                          3,737,257

     - Aggregated price                                           Nil
 e)  Date of the transaction                                      27 June 2024
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

- Aggregated volume

- Aggregated price

 

3,737,257

Nil

e)

Date of the transaction

27 June 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

Gordon Sanghera - Sale of shares to satisfy tax under the Founder LTIP

 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   Ordinary shares of £0.0001 each

     Identification code

                                                                  GB00BP6S8Z30
 b)  Nature of the transaction                                    Sale of sufficient shares to fund a portion of the tax liabilities. Balance of
                                                                  shares retained.
 c)  Price(s) and volumes(s)

Price(s)    Volume(s)
                                                                  £0.916435   1,203,967
 d)  Aggregated information

     - Aggregated volume                                          1,203,967

     - Aggregated price                                           £1,103,357.50
 e)  Date of the transaction                                      28 June 2024
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

- Aggregated volume

- Aggregated price

 

1,203,967

£1,103,357.50

e)

Date of the transaction

28 June 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 ENDS 

Enquiries:

Investors

ir@nanoporetech.com (mailto:ir@nanoporetech.com)

Media

media@nanoporetech.com (mailto:media@nanoporetech.com)

OxfordNanoporeTechnologies@teneo.com

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