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1 Nov 2019 07:00
1 November 2019
NANOCO GROUP PLC
("Nanoco", the "Company" or the "Group")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
Nanoco (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, announces that on 31 October 2019, nil-cost options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") were granted under the Nanoco 2015 Deferred Bonus Plan to the executive directors below:
Executive Director | Role | Number of Options granted over Ordinary Shares |
Michael Edelman | CEO | 731,151 |
Brian Tenner | COO & CFO | 521,634 |
Nigel Pickett | CTO | 437,681 |
Ordinarily, the options will vest following the announcement of Nanoco's results for its financial year ending 31 July 2021.
As set out in the Company's 2019 Annual Report, the award above represents 50% of the annual bonus earned by each executive director in the financial year ending 31 July 2019. The balance of the annual bonus would ordinarily be payable in cash, in line with the current shareholder approved remuneration policy which states that at least 50% of any annual bonus should be paid in cash.
The Board is currently seeking shareholder approval for a resolution at the AGM on 5 December 2019 to amend this rule to allow up to 100% of any annual bonus earned to be paid in Deferred Bonus Plan share awards rather than cash as the Board considers this to be in the best interests of the Company at the current time. In the event that the resolution is approved, a further identical award to the one described in this announcement would be made shortly thereafter. For the avoidance of doubt, the proposed policy amendment has no impact on the actual amount or maximum amount of bonus that has been or could be earned.
This notification is made pursuant to Disclosure and Transparency Rule 3.1.4. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information, please contact:
Nanoco Group PLC | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Brian Tenner, Chief Financial Officer | |
Caroline Watson, Investor Relations Manager | Tel: + 44 (0) 7799 897357 |
cwatson@nanocotechnologies.com
| |
MHP Communications | Tel: +44 (0) 20 3128 8570 |
Reg Hoare / Giles Robinson / Pete Lambie nanoco@mhpc.com |
Notification of Dealing Form
1. | Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | MICHAEL EDELMAN | ||||
2. | Reason for the notification | |||||
a) | Position /status | CHIEF EXECUTIVE OFFICER | ||||
b) | Initial notification / amendment | INITIAL NOTIFICATION | ||||
3. | Details of the Issuer | |||||
a) | Name | NANOCO GROUP PLC | ||||
b) | LEI code | 213800HOSJEZO1KOCV33 | ||||
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) | Type of instrument:Identification code | OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH | ||||
ISIN: GB00B01JLR99 | ||||||
b) | Nature of the transaction | GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information:- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 31 OCTOBER 2019 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
Notification of Dealing Form
1. | Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | DR NIGEL PICKETT | ||||
2. | Reason for the notification | |||||
a) | Position /status | CHIEF TECHNICAL OFFICER | ||||
b) | Initial notification / amendment | INITIAL NOTIFICATION | ||||
3. | Details of the Issuer | |||||
a) | Name | NANOCO GROUP PLC | ||||
b) | LEI code | 213800HOSJEZO1KOCV33 | ||||
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) | Type of instrument:Identification code | OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH | ||||
ISIN: GB00B01JLR99 | ||||||
b) | Nature of the transaction | GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information:- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 31 OCTOBER 2019 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
Notification of Dealing Form
1. | Details of the Person Discharging Managerial Responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | BRIAN TENNER | ||||
2. | Reason for the notification | |||||
a) | Position /status | CHIEF OPERATING OFFICER & CHIEF FINANCIAL OFFICER | ||||
b) | Initial notification / amendment | INITIAL NOTIFICATION | ||||
3. | Details of the Issuer | |||||
a) | Name | NANOCO GROUP PLC | ||||
b) | LEI code | 213800HOSJEZO1KOCV33 | ||||
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) | Type of instrument:Identification code | OPTIONS OVER ORDINARY SHARES OF 1O PENCE EACH | ||||
ISIN: GB00B01JLR99 | ||||||
b) | Nature of the transaction | GRANT OF DEFERRED BONUS PLAN OPTIONS OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information:- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 31 OCTOBER 2019 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
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