REG - Oxford Nanopore Tech - LTIP and DBP; Director/PDMR Notification
12/04/2023 16:00
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RNS Number : 0155W Oxford Nanopore Technologies plc 12 April 2023
12 April 2023
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 2023, 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
Clive Brown (Director) 431,775
Timothy Cowper (Director) 340,186
Gordon Sanghera (Director) 680,373
Spike Willcocks (Director) 448,477
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 £2.14 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 2023, 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
Clive Brown (Director) 67,663
Timothy Cowper (Director) 56,385
Gordon Sanghera (Director) 112,772
Spike Willcocks (Director) 74,335
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 2022. 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 £2.14 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 DBP awards
On 11 April 2023, 50% of the DBP awards made to PDMRs in 2022 vested and the
awards were satisfied through the issue of new Shares in relation to each PDMR
as follows:
Clive Brown (Director) 22,398
Timothy Cowper (Director) 16,743
Gordon Sanghera (Director) 36,113
Spike Willcocks (Director) 24,221
Spike Willcocks then sold sufficient Shares to meet his tax liabilities in
respect of the vesting of his award.
Exercise of vested options
The Company has also been notified that, on 12 April 2023, Spike Willcocks, a
PDMR, has exercised options over 148,660 Shares with an exercise price of
£0.067 per Share in accordance with the Company's Share Option Plan and has
sold the Shares following such exercise. These options were due to expire in
June 2023.
This announcement is made pursuant to the Company's obligations under Article
19 of the UK Market Abuse Regulation.
Clive Brown - LTIP award granted
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Clive Brown
2 Reason for the notification
a) Position/status Chief Technology, Innovation and Product 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 Award granted under the Long-Term Incentive Plan 2021 due to vest in 2026
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 431,775
d) Aggregated information
- Aggregated volume 431,775
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
431,775
Nil
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
Outside of a trading venue
Clive Brown - DBP award granted
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Clive Brown
2 Reason for the notification
a) Position/status Chief Technology, Innovation and Product 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 Award granted under the Deferred Bonus Plan 2021
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 67,663
d) Aggregated information
- Aggregated volume 67,663
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
67,663
Nil
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
Outside of a trading venue
Clive Brown - Issue of new shares under the DBP
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Clive Brown
2 Reason for the notification
a) Position/status Chief Technology, Innovation and Product 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 Vesting of awards made under the Deferred Bonus Plan 2021
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 22,398
d) Aggregated information
- Aggregated volume 22,398
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
22,398
Nil
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
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 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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Award granted under the Long-Term Incentive Plan 2021 due to vest in 2026
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 340,186
d) Aggregated information
- Aggregated volume 340,186
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
340,186
Nil
e)
Date of the transaction
11 April 2023
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 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 Ordinary shares of £0.0001 each
Identification code
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 56,385
d) Aggregated information
- Aggregated volume 56,385
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
56,385
Nil
e)
Date of the transaction
11 April 2023
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 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 Ordinary shares of £0.0001 each
Identification code
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 16,743
d) Aggregated information
- Aggregated volume 16,743
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
16,743
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Award granted under the Long-Term Incentive Plan 2021 due to vest in 2026
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 680,373
d) Aggregated information
- Aggregated volume 680,373
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
680,373
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
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 112,772
d) Aggregated information
- Aggregated volume 112,772
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
112,772
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
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 36,113
d) Aggregated information
- Aggregated volume 36,113
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
36,113
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Award granted under the Long-Term Incentive Plan 2021 due to vest in 2026
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 448,477
d) Aggregated information
- Aggregated volume 448,477
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
448,477
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
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 74,335
d) Aggregated information
- Aggregated volume 74,335
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
74,335
Nil
e)
Date of the transaction
11 April 2023
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 Ordinary shares of £0.0001 each
Identification code
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 24,221
d) Aggregated information
- Aggregated volume 24,221
- Aggregated price Nil
e) Date of the transaction 11 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
24,221
Nil
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
Spike Willcocks - Sale 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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Sale
c) Price(s) and volumes(s)
Price(s) Volume(s)
£2.20 8,965
d) Aggregated information
- Aggregated volume 8,965
- Aggregated price £19,746.93
e) Date of the transaction 11 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
8,965
£19,746.93
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
Spike Willcocks - Exercise of vested share options
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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Exercise of vested share options
c) Price(s) and volumes(s)
Price(s) Volume(s)
£0.067 148,660
d) Aggregated information
- Aggregated volume 148,660
- Aggregated price £9,960.22
e) Date of the transaction 12 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
148,660
£9,960.22
e)
Date of the transaction
12 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
Spike Willcocks - Sale of ordinary shares
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 Ordinary shares of £0.0001 each
Identification code
GB00BP6S8Z30
b) Nature of the transaction Sale
c) Price(s) and volumes(s)
Price(s) Volume(s)
£2.137 148,660
d) Aggregated information
- Aggregated volume 148,660
- Aggregated price £317,743.46
e) Date of the transaction 12 April 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
148,660
£317,743.46
e)
Date of the transaction
12 April 2023
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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