Oxford Nanopore Technologies plc Class A LAT share - Director/PDMR Notification

RNS Number : 9017N

Oxford Nanopore Technologies plc

28 November 2024

 

28 November 2024

Oxford Nanopore Technologies plc (the "Company")

Gift of class A limited anti-takeover share - Director/PDMR Notification

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

As part of the Company's initial public offering, Gordon Sanghera, a Director and a Person Discharging Managerial Responsibilities, was issued one class A limited anti-takeover share of £1.00 in the capital of the Company (the "Class A LAT Share") on 5 October 2021.

As outlined in the Company's IPO Prospectus, the Class A LAT Share ceased to carry any of its rights on 5 October 2024, being the third anniversary of admission. Consequently, as previously disclosed, Gordon Sanghera agreed to gift the Class A LAT Share to the Company, following which the Company would immediately cancel such share in accordance with section 662 of the Companies Act 2006.

On 26 November 2024, Gordon Sanghera gifted the Class A LAT Share to the Company for nil consideration.

Gordon Sanghera - gift of class A limited anti-takeover share to the Company

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	Class A limited anti-takeover share of £1.00 each   N/A
b)	Nature of the transaction	Gift of the class A limited anti-takeover share to the Company to facilitate cancellation
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 1
d)	Aggregated information - Aggregated volume - Aggregated price	1 Nil
e)	Date of the transaction	26 November 2024
f)	Place of the transaction	N/A (class A limited anti-takeover share not listed)

 

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