RNS Number : 4406I
Oxford Nanopore Technologies plc
16 October 2024
 

16 October 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 October 2022 subject to a post-vesting holding period ending on the second anniversary of the vesting date. On 14 October 2024, 4,231,034 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 15 October 2024, Gordon Sanghera then sold sufficient Ordinary Shares to meet 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)

 

Price(s)

Volume(s)

Nil

4,231,034

d)

Aggregated information

- Aggregated volume

- Aggregated price

 

4,231,034

Nil

e)

Date of the transaction

14 October 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 the tax liabilities. Balance of shares retained.

c)

Price(s) and volumes(s)

 

Price(s)

Volume(s)

£1.41661

1,993,571

d)

Aggregated information

- Aggregated volume

- Aggregated price

 

1,993,571

 

£2,824,112.61

e)

Date of the transaction

15 October 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

-ENDS-

Enquiries:

Investors

ir@nanoporetech.com 

Media 

media@nanoporetech.com

OxfordNanoporeTechnologies@teneo.com

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