Last checked at 28 Jul 2023 17:23
28 July 2023
NANOCO GROUP PLC
("Nanoco", the "Group" or the "Company")
Exercise of Options and Issue of Shares to Employee Benefit Trust
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
Nanoco announces that it has issued 1,985,206 new Ordinary Shares of 10 pence each in the Company ("Ordinary Shares"). All of the shares were issued at par value, pursuant to a subscription by the Company's Employee Benefit Trust ('EBT') to satisfy share awards granted to employees under the Company's shareholder approved Deferred Bonus Plan. The issue of new shares enables the company to provide the shares without any cash cost and minimal dilution to existing shareholders.
On 26 July 2023 Nanoco Group plc ("Nanoco") received notice that Brian Tenner, CEO, was exercising in full options granted to him in October and December 2019. Mr Tenner's entire bonus award for the financial year ending 31 July 2019 had been issued as deferred share options which were then subject to a two year holding period. The options vested in full in October and December 2021. Details of the exercise are shown in the table below.
On 26 July 2023 Nanoco received notice that Dr Nigel Pickett, CTO, was exercising in full options granted to him in October and December 2019. Dr Pickett's entire bonus award for the financial year ending 31 July 2019 had been issued as deferred share options which were then subject to a two year holding period. Dr Pickett has also exercised options granted to him in November 2016 in respect of the deferred bonus award for the financial year ending 31 July 2016 and which were also then subject to a two year holding period. The options vested in full in November 2018. Details of the exercises are shown in the table below.
Brian Tenner, CEO, and Nigel Pickett, CTO, have both exercised their respective awards and utilised the cash proceeds of selling a proportion of shares to fund their personal tax obligations and dealing fees, while retaining the balance in full thereby increasing their shareholdings by 551,946 shares and 498,336 shares respectively.
Application was made to the FCA for the 1,985,206 new Ordinary Shares to be admitted to the premium segment of the Official List and to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on its main market for listed securities. Admission became effective on 27 July 2023, and dealings in the new Ordinary Shares have now commenced. The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares.
Following Admission, the Company's issued share capital comprised 324,430,950 Ordinary Shares, of which 12,222 were previously held in treasury and remain so. Each Ordinary Share carries the right to one vote and, therefore, the total number of voting rights in the Company on Admission will be 324,418,728. This figure may be used by Shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The details of the awards and subsequent exercise and retention of shares are as follows:
Name of Director / PDMR | Number of options exercised | Number of shares sold to meet tax and fee obligations | Shares retained following exercise | Total shareholding |
Brian Tenner (CEO - Director) - 2019 award | 1,043,268 | (491,322) | 551,946 | 1,157,834 |
Dr Nigel Pickett (CTO - Director) 2019 award | 875,362 | (412,248) | 463,114 | 11,770,911 |
Dr Nigel Pickett (CTO - Director) 2016 award | 66,576 | (31,354) | 35,222 | (inc above) |
This notification is made pursuant to the Disclosure and Transparency Rules.
For further information please contact:
Liam Gray
Chief Financial Officer and Company Secretary
Telephone : +44 (0) 1928 761422
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are materials with dimensions typically in the range 1 - 100 nm. Nano-materials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nano-material that have size-dependent optical and electronic properties. The Group produces quantum dots and other nano-materials. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Display, Sensor and Electronics markets. An interesting property of quantum dots is their absorption spectrum. Nanoco's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, rendering them useful for applications including image sensors. Another interesting property of quantum dots is photoluminescence: the emission of longer wavelength light upon excitation by light of a shorter wavelength. The colour of light emitted depends on the particle size. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of applications including displays, lighting and biological imaging.
Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.
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 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 instrumentIdentification code | ORDINARY SHARES OF 1O PENCE EACH | ||||
ISIN: GB00B01JLR99 | ||||||
b) | Nature of the transaction | EXERCISE OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN AND SALE OF SUFFICIENT SHARES TO FUND INCOME TAX AND NATIONAL INSURANCE CHARGES. BALANCE RETAINED. | ||||
c) | Price(s) and volume(s) Acquisition of shares on exercise of option Sale of shares to pay tax and costs |
| ||||
d) | Aggregated information:- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 28 JULY 2023 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET | ||||
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 instrumentIdentification code | ORDINARY SHARES OF 1O PENCE EACH |
ISIN: GB00B01JLR99 | ||
b) | Nature of the transaction | EXERCISE OF AN OPTION OVER ORDINARY SHARES UNDER THE NANOCO 2015 DEFERRED BONUS PLAN AND SALE OF SUFFICIENT SHARES TO FUND INCOME TAX AND NATIONAL INSURANCE CHARGES. BALANCE RETAINED. |
c) | Price(s) and volume(s) Acquisition of shares on exercise of option Acquisition of shares on exercise of option Sale of shares to pay tax and costs | Price Volume Nil cost 875,362
Nil cost 66,576 18p 443,602 |
d) | Aggregated information:- Aggregated volume- Price | N/A |
e) | Date of the transaction | 28 JULY 2023 |
f) | Place of the transaction | LONDON STOCK EXCHANGE, MAIN MARKET |
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