TIDMNANO
RNS Number : 4046E
Nanoco Group PLC
27 October 2022
27 October 2022
NANOCO GROUP PLC
(" Nanoco ", the "Group" or the "Company" )
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 27 October 2022, nil-cost options over ordinary shares of
10 pence each in the Company ("Ordinary Shares") were granted under
the Nanoco 2015 Deferred Bonus Plan (the "DBP") to the executive
directors and staff as noted below:
Name of Director / PDMR Number of options granted
Brian Tenner (CEO - Director) 649,072
--------------------------
Nigel Pickett (CTO - Director) 501,421
--------------------------
Liam Gray (CFO - Director) 253,161
--------------------------
Other non-disclosable staff 91,962
--------------------------
Total number of options granted 1,495,616
--------------------------
The number of options awarded has been calculated in accordance
with the scheme rules by reference to the average closing
mid-market share price for the three days after the announcement of
the Group's results for the year ending 31 July 2022. This was
36.67 pence. The DBP options are subject to a two year holding
period and ordinarily will vest following the announcement of
Nanoco's results for its financial year ending 31 July 2024. There
are no further performance conditions for the DBP options.
Additionally, on 27 October 2022 Nanoco Group plc ("Nanoco")
granted nil-cost options over ordinary shares of 10 pence each in
the Company under the Nanoco Group 2015 Long Term Incentive Plan
(the "LTIP") to the executive directors and staff as noted
below.
Name of Director / PDMR Number of options Resulting total
granted [1]
Brian Tenner (CEO - Director) 1,192,716 7,600,818
------------------ ----------------
Nigel Pickett (CTO - Director) 848,780 6,480,968
------------------ ----------------
Liam Gray (CFO - Director) 607,201 2,239,173
------------------ ----------------
Other non-disclosable
staff 1,170,577
------------------ ----------------
Total number of options
granted 3,819,274
------------------ ----------------
The number of options awarded has been calculated in accordance
with the scheme rules by reference to the average closing
mid-market share price for the three days after the announcement of
the Group's results for the year ending 31 July 2022. This was
36.67 pence.
The vesting of the LTIP options is subject to the achievement of
two performance conditions. Fifty percent (50%) will vest depending
on absolute total shareholder return ("Absolute TSR") over the
three year performance period ending 31 July 2025. Fifty percent
(50%) will vest depending on growth in the Company's revenue over
the three year performance period ending 31 July 2025.
The target for Absolute TSR is also expressed as an equivalent
compound annual growth rate ('CAGR') compared to the average of the
closing mid-market price of the Company's shares for the three
months before the Group's annual results for the year ending 31
July 2022 (as announced on 20 October 2022 and in accordance with
the rules of the scheme). The targets for Absolute TSR are set out
in the table below:
Range Share price (equivalent Proportion of award
CAGR (%)) that will vest
Below threshold Less than 55 pence (<15%) Nil
--------------------------- --------------------
Threshold 55 pence (15%) 25%
--------------------------- --------------------
Target 62 pence (20%) 60%
--------------------------- --------------------
Maximum 70 pence (25%) 100%
--------------------------- --------------------
Given the Group is entering a new stage in its development, the
Directors consider that the revenue targets are commercially
sensitive and hence are not being disclosed at this time. However,
in order to maintain transparency, the targets will be disclosed at
the same time as the actual outcome is assessed following the end
of the performance period.
Ordinarily, the LTIP options will vest (subject to the
achievement of the performance conditions) following the
announcement of Nanoco's results for its financial year ending 31
July 2025. The options are then subject to an additional two year
holding period. This notification is made pursuant to Disclosure
and Transparency Rule 3.1.4.
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
size-tunable absorption spectrum. Nanoco's HEATWAVE(TM) 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(R)
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 INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 DEFERRED BONUS PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 649,072
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
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 EXECUTIVE OFFICER
b) Initial notification INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 1,192,716
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
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 INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 DEFERRED BONUS PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 501,421
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
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 INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 848,780
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
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 LIAM GRAY
2. Reason for the notification
a) Position /status CHIEF FINANCIAL OFFICER
b) Initial notification INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 DEFERRED BONUS PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 253,161
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
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 LIAM GRAY
2. Reason for the notification
a) Position /status CHIEF FINANCIAL OFFICER
b) Initial notification INITIAL NOTIFICATION
/ amendment
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 ORDINARY SHARES OF 1O PENCE EACH
Identification
code
ISIN: GB00B01JLR99
b) Nature of the transaction GRANT OF AN OPTION OVER ORDINARY SHARES UNDER
THE NANOCO 2015 LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 607,201
d) Aggregated information: N/A
- Aggregated volume
- Price
e) Date of the transaction 27 OCTOBER 2022
f) Place of the transaction OUTSIDE A TRADING VENUE
= END =
[1] The totals shown include previous EMI awards, LTIP awards,
and Deferred Bonus Plan awards including the ones detailed above.
Details of each award, excluding those above, can be found in the
Remuneration Report section of the Annual Report for the year
ending 31 July 2022.
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END
DSHBKOBDABDDAKB
(END) Dow Jones Newswires
October 27, 2022 12:19 ET (16:19 GMT)
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