Long Term Incentive Plan Option Grant

RNS Number : 4453F
Oxford Biomedica PLC
21 March 2022
 

 

 

Long Term Incentive Plan Option Grant

 

London, UK - 21 March 2022: Oxford Biomedica plc ("Oxford Biomedica" or the "Company") (LSE:OXB), a leading gene and cell therapy Group announces that on 18 March 2022 nil-cost share options over shares of 50 pence each in the Company were granted under the Oxford Biomedica 2015 Long Term Incentive Plan to Tim Kelly, Chief Executive Officer of Oxford Biomedica Solutions as part of the arrangements agreed in connection with its deal with Homology.

 

Mr Kelly has been granted: a restricted stock award over 35,256 shares which will vest in equal instalments on each of 10 March 2023, 10 March 2024, 10 March 2025 and 10 March 2026; a restricted stock award over 58,760 shares which will vest as to 25% in September 2022, 25% in March 2023 and 50% in September 2023; and a performance based award over 58,761 shares which will vest following the end of a three year performance period subject to the achievement of a revenue performance condition.

 

Name of individual

Title

Number of shares subject LTIP grant (restricted stock award)

Total shares over which options are held

Percentage of issued share capital under option

Tim Kelly

Chief Executive Officer, Oxford of Biomedical Solutions

152,777

152,777

0.16%

 

 

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

 

Notification of Dealing Form

 

1.

Details of the Person Discharging Managerial Responsibility ("PDMR")/person closely associated with them ("PCA")

a)

Name

Tim Kelly

2.

Reason for the notification

a)

Position/status

Chief Executive Officer of Oxford Biomedica Solutions

 

b)

Initial notification/

amendment

Initial Notification

3.

Details of the Issuer

a)

Name

Oxford Biomedica plc

b)

LEI code

213800S1GVQNXQ15K851

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

 

Identification code

Options over Ordinary Shares of 50 pence each

 

ISIN: GB00BDFBVT43

b)

Nature of the transaction

Grant of awards over Ordinary Shares under the Company's Long Term Incentive Plan. No consideration was paid for the grant of awards.

c)

Price(s) and volumes(s)

Restricted stock award 1

Price(s)

Volume

Nil

35,256

Restricted stock award 2

Price(s)

Volume

Nil

58,760

Performance based award

Price(s)

Volume

Nil

58,761

d)

Aggregated information

Aggregate volume

 

Price

 

 

Awards granted over 152,777 shares in total

 

N/A

 

e)

Date of the transaction

2022-03-18

f)

Place of the transaction

Outside of trading venue

 

 

 

-Ends-

 

For further information, please contact:

 

 

Oxford Biomedica plc:

Natalie Walter, Company Secretary

 

Tel: +44 (0)1865 783 000

 

 

About Oxford Biomedica

 

Oxford Biomedica (LSE:OXB) is a leading, fully integrated, gene and cell therapy group. In January 2022, Oxford Biomedica announced that it was broadening its leading viral vector offerings by incorporating Homology Medicines' established AAV capabilities into a newly formed AAV Manufacturing and Innovation Business in the US with Homology Medicines as a 20% owner. To date, Oxford Biomedica and its subsidiaries (the "Group") have built a sector leading lentiviral vector delivery platform (LentiVector®), which the Group leverages to develop in vivo and ex vivo products both in-house and with partners. The Group has created a valuable proprietary portfolio of gene and cell therapy product candidates in the areas of oncology, CNS disorders and liver diseases. The Group has also entered into a number of partnerships, including with Novartis, Bristol Myers Squibb, Boehringer Ingelheim, Beam Therapeutics, Arcellx, Cabaletta, Orchard Therapeutics and Santen, through which it has long-term economic interests in other potential gene and cell therapy products. Additionally, the Group has signed a 3-year master supply and development agreement with AstraZeneca for large-scale manufacturing of the adenoviral based COVID-19 vaccine, AZD1222. Oxford Biomedica is based across several locations in Oxfordshire, UK and employs more than 740 people. Further information is available at www.oxb.com .  

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHPPUPCWUPPGUG
UK 100

Latest directors dealings