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 October 2022 subject to a post-vesting holding period ending on the second anniversary of the vesting date. On 14 October 2024, 4,231,034 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 15 October 2024, Gordon Sanghera then sold sufficient Ordinary Shares to meet 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 4,231,034 |
| d) | Aggregated information - Aggregated volume - Aggregated price | 4,231,034 Nil |
| e) | Date of the transaction | 14 October 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 the tax liabilities. Balance of shares retained. | ||||
| c) | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Aggregated price | 1,993,571 £2,824,112.61 | ||||
| e) | Date of the transaction | 15 October 2024 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) |
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