Director/PDMR Shareholding

RNS Number : 1479I

Oxford Nanopore Technologies plc

12 April 2022

 

12 April 2022

Oxford Nanopore Technologies plc (the "Company")

Director/PDMR Notification

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

The Company announces that on 11 April 2022, it made conditional awards over ordinary shares of £0.0001 each under the Oxford Nanopore Technologies plc Annual Long-Term Incentive Plan 2021 ("Annual LTIP")[1], to those Persons Discharging Managerial Responsibilities (each a "PDMR") outlined below.

Name	Number of shares subject to award granted under Annual LTIP
Gordon Sanghera (Director)	523,560
Clive Brown (Director)	314,136
Timothy Cowper (Director)	261,780
Spike Willcocks (Director)	329,991

The Annual LTIP awards are subject to the achievement of performance conditions over a three-year period and a subsequent two-year holding period.  These awards are subject to stretching TSR performance conditions with 25% vesting at median rising to full vesting at upper quartile. TSR is measured, as to 50%, relative to a bespoke group of 18 international life sciences companies and, as to the other 50%, relative to the constituents of the FTSE350 (ignoring investment trusts). The Annual LTIP awards 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 3.82 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.

This announcement is made pursuant to the Company's obligations under Article 19 of the UK Market Abuse Regulation.

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 for nil consideration under the Long-Term Incentive Plan 2021 due to vest in 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 523,560
d)	Aggregated information - Aggregated volume - Aggregated price	523,560 Nil
e)	Date of the transaction	11 April 2022
f)	Place of the transaction	London Stock Exchange (XLON)

Clive Brown - LTIP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clive Brown
2	Reason for the notification
a)	Position/status	Chief Technology 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 for nil consideration under the Long-Term Incentive Plan 2021 due to vest in 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 314,136
d)	Aggregated information - Aggregated volume - Aggregated price	314,136 £Nil
e)	Date of the transaction	11 April 2022
f)	Place of the transaction	London Stock Exchange (XLON)

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 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 for nil consideration under the Long-Term Incentive Plan 2021 due to vest in 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 261,780
d)	Aggregated information - Aggregated volume - Aggregated price	261,780 £Nil
e)	Date of the transaction	11 April 2022
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 for nil consideration under the Long-Term Incentive Plan 2021 due to vest in 2025 subject to the achievement of performance conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 329,991
d)	Aggregated information - Aggregated volume - Aggregated price	329,991 £Nil
e)	Date of the transaction	11 April 2022
f)	Place of the transaction	London Stock Exchange (XLON)

[ENDS]

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[1] This is distinct to the Conditional Retention Equity Awards issued prior to the IPO.

 

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