Founder LTIP - Director/PDMR Notification
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In June 2021, the Company granted a one-off legacy conditional performance-related award under the Oxford Nanopore Technologies Limited Long-Term Incentive Plan 2021 approved by shareholders prior to the Company's initial public offering ("Founder LTIP").
As previously disclosed, a proportion of this award vested in January 2022 subject to a post-vesting holding period ending on the third anniversary of the grant date. On 27 June 2024, 3,737,257 ordinary shares of £0.0001 each ("Ordinary Shares") were released under the Founder LTIP to Gordon Sanghera, a Director and a Person Discharging Managerial Responsibilities.
On 28 June 2024, Gordon Sanghera then sold sufficient Ordinary Shares to meet a portion of his tax liabilities in respect of the release of his award, with the balance of Ordinary Shares retained.
Gordon Sanghera - release of the award granted under the Founder LTIP
| 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 | Release of the award granted under the Oxford Nanopore Technologies Limited Long-Term Incentive Plan 2021 |
| c) | Price(s) and volumes(s) | Price(s) Volume(s) Nil 3,737,257 |
| d) | Aggregated information - Aggregated volume - Aggregated price | 3,737,257 Nil |
| e) | Date of the transaction | 27 June 2024 |
| f) | Place of the transaction | London Stock Exchange (XLON) |
Gordon Sanghera - Sale of shares to satisfy tax under the Founder LTIP
| 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 | Sale of sufficient shares to fund a portion of the tax liabilities. Balance of shares retained. | ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Aggregated price | 1,203,967 £1,103,357.50 | ||||
| e) | Date of the transaction | 28 June 2024 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) |
[ENDS]
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