Director/PDMR Shareholding

RNS Number : 9023R

Nanoco Group PLC

01 November 2019

 

1 November 2019

NANOCO GROUP PLC

("Nanoco", the "Company" or the "Group")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Nanoco (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, announces that on 31 October 2019, nil-cost options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") were granted under the Nanoco 2015 Deferred Bonus Plan to the executive directors below:

Executive Director	Role	Number of Options granted over Ordinary Shares
Michael Edelman	CEO	731,151
Brian Tenner	COO & CFO	521,634
Nigel Pickett	CTO	437,681

Ordinarily, the options will vest following the announcement of Nanoco's results for its financial year ending 31 July 2021.

As set out in the Company's 2019 Annual Report, the award above represents 50% of the annual bonus earned by each executive director in the financial year ending 31 July 2019. The balance of the annual bonus would ordinarily be payable in cash, in line with the current shareholder approved remuneration policy which states that at least 50% of any annual bonus should be paid in cash.

The Board is currently seeking shareholder approval for a resolution at the AGM on 5 December 2019 to amend this rule to allow up to 100% of any annual bonus earned to be paid in Deferred Bonus Plan share awards rather than cash as the Board considers this to be in the best interests of the Company at the current time. In the event that the resolution is approved, a further identical award to the one described in this announcement would be made shortly thereafter. For the avoidance of doubt, the proposed policy amendment has no impact on the actual amount or maximum amount of bonus that has been or could be earned.

This notification is made pursuant to Disclosure and Transparency Rule 3.1.4. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information, please contact:

Nanoco Group PLC	Tel: [phone]
Michael Edelman, Chief Executive Officer
Brian Tenner, Chief Financial Officer
Caroline Watson, Investor Relations Manager	Tel: + 44 (0) 7799 897357
[e-mail]
MHP Communications	Tel: [phone]
Reg Hoare / Giles Robinson / Pete Lambie [e-mail]

Notification of Dealing Form

1.	Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	MICHAEL EDELMAN
2.	Reason for the notification
a)	Position /status	CHIEF EXECUTIVE OFFICER
b)	Initial notification / amendment	INITIAL NOTIFICATION
3.	Details of the Issuer
a)	Name	NANOCO GROUP PLC
b)	LEI code	213800HOSJEZO1KOCV33
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)	Type of instrument: Identification code	OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH
		ISIN: GB00B01JLR99
b)	Nature of the transaction	GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 731,151
d)	Aggregated information: - Aggregated volume - Price	N/A
e)	Date of the transaction	31 OCTOBER 2019
f)	Place of the transaction	OUTSIDE A TRADING VENUE

Notification of Dealing Form

1.	Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	DR NIGEL PICKETT
2.	Reason for the notification
a)	Position /status	CHIEF TECHNICAL OFFICER
b)	Initial notification / amendment	INITIAL NOTIFICATION
3.	Details of the Issuer
a)	Name	NANOCO GROUP PLC
b)	LEI code	213800HOSJEZO1KOCV33
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)	Type of instrument: Identification code	OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH
		ISIN: GB00B01JLR99
b)	Nature of the transaction	GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 437,681
d)	Aggregated information: - Aggregated volume - Price	N/A
e)	Date of the transaction	31 OCTOBER 2019
f)	Place of the transaction	OUTSIDE A TRADING VENUE

Notification of Dealing Form

1.	Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	BRIAN TENNER
2.	Reason for the notification
a)	Position /status	CHIEF OPERATING OFFICER & CHIEF FINANCIAL OFFICER
b)	Initial notification / amendment	INITIAL NOTIFICATION
3.	Details of the Issuer
a)	Name	NANOCO GROUP PLC
b)	LEI code	213800HOSJEZO1KOCV33
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)	Type of instrument: Identification code	OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH
		ISIN: GB00B01JLR99
b)	Nature of the transaction	GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil cost 521,634
d)	Aggregated information: - Aggregated volume - Price	N/A
e)	Date of the transaction	31 OCTOBER 2019
f)	Place of the transaction	OUTSIDE A TRADING VENUE

- Ends -

 

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