28th Jun 2024 16:30
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 | ||||
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 | 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) | ||||
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) | ||||
[ENDS]
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