LTIP and DBP; Director/PDMR Notification
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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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 | ||||
| a) | Name | Oxford Nanopore Technologies plc | ||||
| b) | LEI | 213800IRWQ2Q6M2CDW55 | ||||
| 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) |
| ||||
| 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 | ||||
| a) | Name | Oxford Nanopore Technologies plc | ||||
| b) | LEI | 213800IRWQ2Q6M2CDW55 | ||||
| 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 | ||||
| a) | Name | Oxford Nanopore Technologies plc | ||||
| b) | LEI | 213800IRWQ2Q6M2CDW55 | ||||
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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 |
| a) | Name | Oxford Nanopore Technologies plc |
| b) | LEI | 213800IRWQ2Q6M2CDW55 |
| 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]
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