Nanoco Group PLC Director/PDMR Shareholding (2433U)
01 December 2021 - 11:30PM
UK Regulatory
TIDMNANO
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 Proportion of award
CAGR (%)) 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(R) 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 .
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 INITIAL NOTIFICATION
/ amendment
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
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 INITIAL NOTIFICATION
/ amendment
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
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 INITIAL NOTIFICATION
/ amendment
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
= END =
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