11th Jul 2022 08:45
Oxford Nanopore Technologies PLC - Oxford-based company developing and selling nanopore sequencing products - Completes the sale of its stake in its headquarters, the Gosling Building, to the Oxford Science Park Ltd for GBP42.5 million. The Oxford Science Park will immediately grant Oxford Nanopore an occupational lease of the property for 10 years; at a rent of GBP1.8 million per annum.
Chief Financial Officer Tim Cowper comments: "We are pleased to have agreed the sale and leaseback of our headquarters building. The proceeds will be used for continued development of our core business."
Current stock price: 313.50 pence each, down 2.3% on Monday
12-month change: down 49% from September listing price of 425p
By Sophie Rose; [email protected]
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