Exercise of Deferred Bonus Options
CEO, CTO, CFO and other employees exercised deferred bonus options granted in November 2021.
- Brian Tenner (CEO) shares retained 239,425
- Dr Nigel Pickett (CTO) shares retained 211,583
- Liam Gray (CFO) shares retained 18,559
- Share price on sale 21.5p
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Nanoco Group plc ("Nanoco") announces that on 17 April 2024 Nanoco received notice that Brian Tenner, CEO, Nigel Pickett, CTO, Liam Gray, CFO, and a number of other employees have exercised in full options granted to them on 9 November 2021. These options are in respect of bonuses earned in previous years which were deferred, and became exercisable upon the publication of the financial statements for the year ended 31 July 2023.
In order to comply with the rules of the scheme, a number of the shares will be sold to meet tax and fee obligations. To meet the exercise of these options, the EBT purchased ordinary shares of 10p each in Nanoco on the open market of the London Stock Exchange.
The details of the awards and subsequent exercise and retention of shares are as follows:
| Name of Director / PDMR | Number of options exercised | Number of shares sold to meet tax and fee obligations | Shares retained following exercise | Total shareholding |
|---|---|---|---|---|
| Brian Tenner (CEO - Director) | 452,555 | (213,130) | 239,425 | 1,482,583 |
| Dr Nigel Pickett (CTO - Director) | 399,929 | (188,346) | 211,583 | 7,450,694 |
| Liam Gray (CFO - Director) | 35,157 | (16,558) | 18,559 | 142,001 |
| Other employees | 40,939 | (15,948) | 24,991 | N/A |
This notification is made pursuant to the Disclosure and Transparency Rules.
Notification of Dealing Form
| a) | Name | BRIAN TENNER |
| 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 |
| a) | Type of instrument Identification code | ORDINARY SHARES OF 1O PENCE EACH |
| b) | Nature of the transaction | EXERCISE OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN AND SALE OF SUFFICIENT SHARES TO FUND INCOME TAX AND NATIONAL INSURANCE CHARGES. BALANCE RETAINED . |
| c) | Price(s) and volume(s) Acquisition of shares on exercise of option Sale of shares to pay tax and costs | Price(s) Volume(s) Nil cost 21.5p 452,555 213,130 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 18 APRIL 2024 |
| f) | Place of the transaction | LONDON STOCK EXCHANGE |
| Notification of Dealing Form | ||
| 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 |
| a) | Type of instrument Identification code | ORDINARY SHARES OF 1O PENCE EACH |
| b) | Nature of the transaction | EXERCISE OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN AND SALE OF SUFFICIENT SHARES TO FUND INCOME TAX AND NATIONAL INSURANCE CHARGES. BALANCE RETAINED . |
| c) | Price(s) and volume(s) Acquisition of shares on exercise of option Sale of shares to pay tax and costs | Price Volume Nil cost 399,929 21.5p 188,346 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 18 APRIL 2024 |
| f) | Place of the transaction | LONDON STOCK EXCHANGE |
| Notification of Dealing Form | ||
| a) | Name | LIAM GRAY |
| 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 |
| a) | Type of instrument Identification code | ORDINARY SHARES OF 1O PENCE EACH |
| b) | Nature of the transaction | EXERCISE OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN AND SALE OF SUFFICIENT SHARES TO FUND INCOME TAX AND NATIONAL INSURANCE CHARGES. BALANCE RETAINED . |
| c) | Price(s) and volume(s) Acquisition of shares on exercise of option Sale of shares to pay tax and costs | Price Volume Nil cost 35,157 21.5p 16,558 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 18 APRIL 2024 |
| f) | Place of the transaction | LONDON STOCK EXCHANGE |
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