LTIP and DBP; Director/PDMR Notification

RNS Number : 0155W

Oxford Nanopore Technologies plc

12 April 2023

 

12 April 2023

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 2023, 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
Clive Brown (Director)	431,775
Timothy Cowper (Director)	340,186
Gordon Sanghera (Director)	680,373
Spike Willcocks (Director)	448,477

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 2.14 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 2023, 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
Clive Brown (Director)	67,663
Timothy Cowper (Director)	56,385
Gordon Sanghera (Director)	112,772
Spike Willcocks (Director)	74,335

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 2022.  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  £2.14 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 DBP awards

On 11 April 2023, 50% of the DBP awards made to PDMRs in 2022 vested and the awards were satisfied through the issue of new Shares in relation to each PDMR as follows:

Clive Brown (Director)	22,398
Timothy Cowper (Director)	16,743
Gordon Sanghera (Director)	36,113
Spike Willcocks (Director)	24,221

Spike Willcocks then sold sufficient Shares to meet his tax liabilities in respect of the vesting of his award.

Exercise of vested options

The Company has also been notified that, on 12 April 2023, Spike Willcocks, a PDMR, has exercised options over 148,660 Shares with an exercise price of £0.067 per Share in accordance with the Company's Share Option Plan and has sold the Shares following such exercise. These options were due to expire in June 2023.

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

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, Innovation and Product 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 2026 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 431,775
d)	Aggregated information - Aggregated volume - Aggregated price	431,775 Nil
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	Outside of a trading venue

Clive Brown - DBP 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, Innovation and Product 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 67,663
d)	Aggregated information - Aggregated volume - Aggregated price	67,663 Nil
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	Outside of a trading venue

Clive Brown - Issue of new shares under the DBP

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, Innovation and Product 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 22,398
d)	Aggregated information - Aggregated volume - Aggregated price	22,398 Nil
e)	Date of the transaction	11 April 2023
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 under the Long-Term Incentive Plan 2021 due to vest in 2026 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 340,186
d)	Aggregated information - Aggregated volume - Aggregated price	340,186 Nil
e)	Date of the transaction	11 April 2023
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 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 Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 56,385
d)	Aggregated information - Aggregated volume - Aggregated price	56,385 Nil
e)	Date of the transaction	11 April 2023
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 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	Vesting of awards made under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 16,743
d)	Aggregated information - Aggregated volume - Aggregated price	16,743 Nil
e)	Date of the transaction	11 April 2023
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 2026 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 680,373
d)	Aggregated information - Aggregated volume - Aggregated price	680,373 Nil
e)	Date of the transaction	11 April 2023
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 112,772
d)	Aggregated information - Aggregated volume - Aggregated price	112,772 Nil
e)	Date of the transaction	11 April 2023
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 36,113
d)	Aggregated information - Aggregated volume - Aggregated price	36,113 Nil
e)	Date of the transaction	11 April 2023
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 2026 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 448,477
d)	Aggregated information - Aggregated volume - Aggregated price	448,477 Nil
e)	Date of the transaction	11 April 2023
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 74,335
d)	Aggregated information - Aggregated volume - Aggregated price	74,335   Nil
e)	Date of the transaction	11 April 2023
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 24,221
d)	Aggregated information - Aggregated volume - Aggregated price	24,221 Nil
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

Spike Willcocks - Sale 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	Sale
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.20 8,965
d)	Aggregated information - Aggregated volume - Aggregated price	8,965 £19,746.93
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

Spike Willcocks - Exercise of vested share options

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	Exercise of vested share options
c)	Price(s) and volumes(s)	Price(s) Volume(s) £0.067 148,660
d)	Aggregated information - Aggregated volume - Aggregated price	148,660 £9,960.22
e)	Date of the transaction	12 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

Spike Willcocks - Sale of ordinary shares

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	Sale
c)	Price(s) and volumes(s)	Price(s) Volume(s) £2.137 148,660
d)	Aggregated information - Aggregated volume - Aggregated price	148,660 £317,743.46
e)	Date of the transaction	12 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

[ENDS]

Enquiries:

Investors

[e-mail]  

Media  

[e-mail]

[e-mail]

 

END

 

 

DSHITMITMTIBBLJ