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ONT Oxford Nanopore Technologies Plc

96.15
-1.20 (-1.23%)
Last Updated: 13:44:21
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Nanopore Technologies Plc LSE:ONT London Ordinary Share GB00BP6S8Z30 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -1.23% 96.15 95.95 96.20 97.40 94.80 97.40 217,245 13:44:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Physical, Biologcl Resh 169.67M -154.51M -0.1798 -5.30 818.68M

Oxford Nanopore Technologies plc LTIP and DBP; Director/PDMR Notification

12/04/2024 12:00pm

RNS Regulatory News


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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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

 

Identification code

 Ordinary shares of £0.0001 each

 

 

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

- 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 

Media 

media@nanoporetech.com

OxfordNanoporeTechnologies@teneo.com

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