t
| Date | 28 Jun 2024 |
| Time | 16:30:00 |
| Category | Director/PDMR dealings |
| ID | 4333U |
28 June 2024
Oxford Nanopore Technologies plc (the "Company")
Release of shares under legacy Founder LTIP - Director/PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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 |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Executive Officer |
||||
|
b) |
Initial/Amendment notification |
Initial notification |
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|
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 |
Release of the award granted under the Oxford Nanopore Technologies Limited Long-Term Incentive Plan 2021 |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
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) |
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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 |
||||
|
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 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) |
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[ENDS]
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