LTIP and DBP; Director/PDMR Notification

Oxford Nanopore Technologies plc

12 April 2024

 

12 April 2024

Oxford Nanopore Technologies plc (the "Company")

Grant of LTIP and DBP awards and vesting of DBP awards; Director/PDMR Notification

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company announces the following transactions in connection with certain of its employee share plans, which were summarised for shareholders in the prospectus issued in connection with the Company's admission to trading on the London Stock Exchange.

Long Term Incentive Plan 2021 ("LTIP")

On 11 April 2024, the Company made conditional awards over ordinary shares of £0.0001 each ("Shares") under the Company's LTIP to those Persons Discharging Managerial Responsibilities (each a "PDMR") outlined below.

Name	Number of Shares subject to award granted under LTIP
Nicholas Keher (Director)	747,055
Timothy Cowper (Director)	639,831
Gordon Sanghera (Director)	1,279,662
Spike Willcocks (Director)	834,783

The awards are subject to the achievement of performance conditions over a three-year period and a subsequent two-year holding period.  The shares will accrue a dividend equivalent between the award date and the end of the holding period.

The number of Shares over which the awards were granted was calculated based on a price of £1.14 per Share. This is the average closing middle-market share price, as derived from the Daily Official List of the London Stock Exchange, for the five business days preceding the award date.

Deferred Bonus Plan 2021 ("DBP")

On 11 April 2024, the Company made conditional awards over Shares under the Company's DBP to the PDMRs as outlined below:

Name	Number of Shares subject to award granted under DBP
Timothy Cowper (Director)	67,590
Gordon Sanghera (Director)	135,181
Spike Willcocks (Director)	88,184

The awards relate to the deferral into shares of 33.3% of the bonuses paid to the PDMRs in relation to the financial year ending 31 December 2023.  Under the Company's directors' remuneration policy, at least 33.3% of the annual bonus payable to the directors are settled in deferred share awards, with 50% of the award vesting on the first anniversary of the award date and the remaining 50% vesting on the second anniversary of the award date.  The shares will accrue a dividend equivalent between the award date and the relevant vesting date.  

The number of Shares over which the awards were granted was calculated based on a price of  £1.14 per share.  This is the average closing middle-market share price, as derived from the Daily Official List of the London Stock Exchange, for the five business days preceding the award date.  

Vesting of 2022 and 2023 DBP awards

On 11 April 2024, 50% of the DBP awards made to PDMRs in 2022 and 2023 vested and the awards were satisfied through the issue of new Shares in relation to each PDMR as follows:

Timothy Cowper (Director)	44,936
Gordon Sanghera (Director)	92,499
Spike Willcocks (Director)	61,388

Tim Cowper then sold sufficient Shares to meet his tax liabilities in respect of the vesting of his award.

Nicholas Keher - LTIP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Keher
2	Reason for the notification
a)	Position/status	Chief Financial 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	Award granted under the Long-Term Incentive Plan 2021 due to vest in 2027 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 747,055
d)	Aggregated information - Aggregated volume - Aggregated price	747,055 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Timothy Cowper - LTIP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Cowper
2	Reason for the notification
a)	Position/status	Chief Operating 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	Award granted under the Long-Term Incentive Plan 2021 due to vest in 2027 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 639,831
d)	Aggregated information - Aggregated volume - Aggregated price	639,831 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Timothy Cowper - DBP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Cowper
2	Reason for the notification
a)	Position/status	Chief Operating 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	Award granted under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 67,590
d)	Aggregated information - Aggregated volume - Aggregated price	67,590 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Timothy Cowper - Issue of new shares under the DBP

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Cowper
2	Reason for the notification
a)	Position/status	Chief Operating 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	Vesting of awards made under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 44,936
d)	Aggregated information - Aggregated volume - Aggregated price	44,936 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Timothy Cowper - Sale of new shares under the DBP

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Cowper
2	Reason for the notification
a)	Position/status	Chief Operating 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
c)	Price(s) and volumes(s)	Price(s) Volume(s) £1.11 21,121
d)	Aggregated information - Aggregated volume - Aggregated price	21,121 £23,444.31
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Gordon Sanghera - LTIP award granted

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	Award granted under the Long-Term Incentive Plan 2021 due to vest in 2027 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 1,279,662
d)	Aggregated information - Aggregated volume - Aggregated price	1,279,662 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Gordon Sanghera - DBP award granted

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	Award granted under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 135,181
d)	Aggregated information - Aggregated volume - Aggregated price	135,181 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Gordon Sanghera - Issue of new shares under the DBP

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	Vesting of awards made under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 92,499
d)	Aggregated information - Aggregated volume - Aggregated price	92,499 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Spike Willcocks - LTIP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James (Spike) Willcocks
2	Reason for the notification
a)	Position/status	Chief Strategy 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	Award granted under the Long-Term Incentive Plan 2021 due to vest in 2027 subject to the achievement of performance conditions
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 834,783
d)	Aggregated information - Aggregated volume - Aggregated price	834,783 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Spike Willcocks - DBP award granted

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James (Spike) Willcocks
2	Reason for the notification
a)	Position/status	Chief Strategy 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	Award granted under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 88,184
d)	Aggregated information - Aggregated volume - Aggregated price	88,184 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside of a trading venue

Spike Willcocks - Issue of new shares under the DBP

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James (Spike) Willcocks
2	Reason for the notification
a)	Position/status	Chief Strategy 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	Vesting of awards made under the Deferred Bonus Plan 2021
c)	Price(s) and volumes(s)	Price(s) Volume(s) Nil 61,388
d)	Aggregated information - Aggregated volume - Aggregated price	61,388 Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

[ENDS]

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