REG - Oxford Nanopore Tech - LTIP and DBP; Director/PDMR Notification
12/04/2024 12:00
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RNS Number : 4546K Oxford Nanopore Technologies plc 12 April 2024
12 April 2024
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 2024, 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
Nicholas Keher (Director) 747,055
Timothy Cowper (Director) 639,831
Gordon Sanghera (Director) 1,279,662
Spike Willcocks (Director) 834,783
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 £1.14 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 2024, 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
Timothy Cowper (Director) 67,590
Gordon Sanghera (Director) 135,181
Spike Willcocks (Director) 88,184
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 2023. 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 £1.14 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 and 2023 DBP awards
On 11 April 2024, 50% of the DBP awards made to PDMRs in 2022 and 2023 vested
and the awards were satisfied through the issue of new Shares in relation to
each PDMR as follows:
Timothy Cowper (Director) 44,936
Gordon Sanghera (Director) 92,499
Spike Willcocks (Director) 61,388
Tim Cowper then sold sufficient Shares to meet his tax liabilities in respect
of the vesting of his award.
Nicholas Keher - LTIP award granted
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nicholas Keher
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 2027
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 747,055
d) Aggregated information
- Aggregated volume 747,055
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
747,055
Nil
e)
Date of the transaction
11 April 2024
f)
Place of the transaction
Outside of a trading venue
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 Operating 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 2027
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 639,831
d) Aggregated information
- Aggregated volume 639,831
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
639,831
Nil
e)
Date of the transaction
11 April 2024
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 Operating 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 67,590
d) Aggregated information
- Aggregated volume 67,590
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
67,590
Nil
e)
Date of the transaction
11 April 2024
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 Operating 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 44,936
d) Aggregated information
- Aggregated volume 44,936
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
44,936
Nil
e)
Date of the transaction
11 April 2024
f)
Place of the transaction
London Stock Exchange (XLON)
Timothy Cowper - Sale 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 Operating 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)
£1.11 21,121
d) Aggregated information
- Aggregated volume 21,121
- Aggregated price £23,444.31
e) Date of the transaction 11 April 2024
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
21,121
£23,444.31
e)
Date of the transaction
11 April 2024
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 2027
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 1,279,662
d) Aggregated information
- Aggregated volume 1,279,662
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
1,279,662
Nil
e)
Date of the transaction
11 April 2024
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 135,181
d) Aggregated information
- Aggregated volume 135,181
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
135,181
Nil
e)
Date of the transaction
11 April 2024
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 92,499
d) Aggregated information
- Aggregated volume 92,499
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
92,499
Nil
e)
Date of the transaction
11 April 2024
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 2027
subject to the achievement of performance conditions
c) Price(s) and volumes(s)
Price(s) Volume(s)
Nil 834,783
d) Aggregated information
- Aggregated volume 834,783
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
834,783
Nil
e)
Date of the transaction
11 April 2024
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 88,184
d) Aggregated information
- Aggregated volume 88,184
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
88,184
Nil
e)
Date of the transaction
11 April 2024
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 61,388
d) Aggregated information
- Aggregated volume 61,388
- Aggregated price Nil
e) Date of the transaction 11 April 2024
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Aggregated price
61,388
Nil
e)
Date of the transaction
11 April 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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