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Oxford Nanopore Technologies plc granted conditional awards totaling 1,900,811 ordinary shares under its LTIP and 311,155 ordinary shares under its DBP to four Directors/PDMRs on 11 April 2023, with both calculated at £2.14 per share. On the same date, 99,475 ordinary shares related to 50% of 2022 DBP awards vested and were issued to these four Directors/PDMRs, from which Spike Willcocks sold 8,965 shares at £2.20 each to meet tax liabilities. Additionally, on 12 April 2023, Director Spike Willcocks exercised options over 148,660 shares at £0.067 per share and subsequently sold these shares at £2.137 per share.
| Date | 12 Apr 2023 |
| Time | 16:00:01 |
| Category | Director/PDMR dealings |
| ID | 0155W |
12 April 2023
Oxford Nanopore Technologies plc (the "Company")
Grant of LTIP and DBP awards and vesting of DBP awards; Director/PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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 2023, 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 |
|
Clive Brown (Director) |
431,775 |
|
Timothy Cowper (Director) |
340,186 |
|
Gordon Sanghera (Director) |
680,373 |
|
Spike Willcocks (Director) |
448,477 |
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 £2.14 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 2023, 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 |
|
Clive Brown (Director) |
67,663 |
|
Timothy Cowper (Director) |
56,385 |
|
Gordon Sanghera (Director) |
112,772 |
|
Spike Willcocks (Director) |
74,335 |
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 2022. 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 £2.14 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 DBP awards
On 11 April 2023, 50% of the DBP awards made to PDMRs in 2022 vested and the awards were satisfied through the issue of new Shares in relation to each PDMR as follows:
|
Clive Brown (Director) |
22,398 |
|
Timothy Cowper (Director) |
16,743 |
|
Gordon Sanghera (Director) |
36,113 |
|
Spike Willcocks (Director) |
24,221 |
Spike Willcocks then sold sufficient Shares to meet his tax liabilities in respect of the vesting of his award.
Exercise of vested options
The Company has also been notified that, on 12 April 2023, Spike Willcocks, a PDMR, has exercised options over 148,660 Shares with an exercise price of £0.067 per Share in accordance with the Company's Share Option Plan and has sold the Shares following such exercise. These options were due to expire in June 2023.
This announcement is made pursuant to the Company's obligations under Article 19 of the UK Market Abuse Regulation.
Clive Brown - LTIP award granted
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Clive Brown |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Technology, Innovation and Product Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 2026 subject to the achievement of performance conditions |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
431,775 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
Clive Brown - DBP award granted
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Clive Brown |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Technology, Innovation and Product Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
67,663 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
f) |
Place of the transaction |
Outside of a trading venue |
||||
Clive Brown - Issue of new shares under the DBP
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Clive Brown |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Technology, Innovation and Product Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
22,398 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
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 Financial Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 2026 subject to the achievement of performance conditions |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
340,186 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 Financial Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
56,385 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 Financial Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
16,743 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 2026 subject to the achievement of performance conditions |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
680,373 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
112,772 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
36,113 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 2026 subject to the achievement of performance conditions |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
448,477 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
74,335 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
24,221 Nil |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
Spike Willcocks - Sale 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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 |
8,965 £19,746.93 |
||||
|
e) |
Date of the transaction |
11 April 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
Spike Willcocks - Exercise of vested share options
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of £0.0001 each
GB00BP6S8Z30 |
||||
|
b) |
Nature of the transaction |
Exercise of vested share options |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
148,660 £9,960.22 |
||||
|
e) |
Date of the transaction |
12 April 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
Spike Willcocks - Sale of ordinary shares
|
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 |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Nanopore Technologies plc |
||||
|
b) |
LEI |
213800IRWQ2Q6M2CDW55 |
||||
|
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) |
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 |
148,660 £317,743.46 |
||||
|
e) |
Date of the transaction |
12 April 2023 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
[ENDS]
Enquiries:
Investors
Media
OxfordNanoporeTechnologies@teneo.com