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Gordon Sanghera, a Director and PDMR of Oxford Nanopore Technologies plc, gifted one Class A limited anti-takeover share of £1.00 nominal value to the Company for nil consideration on 26 November 2024. This share, originally issued to him on 5 October 2021, had ceased to carry its rights on 5 October 2024.
| Date | 28 Nov 2024 |
| Time | 07:00:08 |
| Category | Director/PDMR dealings |
| ID | 9017N |
28 November 2024
Oxford Nanopore Technologies plc (the "Company")
Gift of class A limited anti-takeover share - Director/PDMR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
As part of the Company's initial public offering, Gordon Sanghera, a Director and a Person Discharging Managerial Responsibilities, was issued one class A limited anti-takeover share of £1.00 in the capital of the Company (the "Class A LAT Share") on 5 October 2021.
As outlined in the Company's IPO Prospectus, the Class A LAT Share ceased to carry any of its rights on 5 October 2024, being the third anniversary of admission. Consequently, as previously disclosed, Gordon Sanghera agreed to gift the Class A LAT Share to the Company, following which the Company would immediately cancel such share in accordance with section 662 of the Companies Act 2006.
On 26 November 2024, Gordon Sanghera gifted the Class A LAT Share to the Company for nil consideration.
Gordon Sanghera - gift of class A limited anti-takeover share to the Company
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Gurdial (Gordon) Sanghera |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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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 |
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a) |
Name |
Oxford Nanopore Technologies plc |
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b) |
LEI |
213800IRWQ2Q6M2CDW55 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Class A limited anti-takeover share of £1.00 each
N/A |
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b) |
Nature of the transaction |
Gift of the class A limited anti-takeover share to the Company to facilitate cancellation |
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c) |
Price(s) and volumes(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
1 Nil |
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e) |
Date of the transaction |
26 November 2024 |
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f) |
Place of the transaction |
N/A (class A limited anti-takeover share not listed) |
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[ENDS]
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