Oxford Nanopore Technologies plc Founder LTIP - Director/PDMR Notification
29 June 2024 - 1:30AM
RNS Regulatory News
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
Identification code
|
Ordinary
shares of £0.0001 each
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
- 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
Identification code
|
Ordinary
shares of £0.0001 each
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
- 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
Media
media@nanoporetech.com
OxfordNanoporeTechnologies@teneo.com
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