Oxford Biomedica PLC

Remuneration Information • Oct 4, 2024

National Storage Mechanism | Additional information

RNS Number : 0535H

Oxford Biomedica PLC

04 October 2024

Grant of options

Oxford, UK - 04 October 2024: Oxford Biomedica plc ("OXB" or the "Company"; LSE: OXB), a quality and innovation-led cell and gene therapy CDMO, today announces that on 03 October 2024 nil-cost share options over ordinary shares of 50 pence each in the Company were granted under the OXB 2024 Long Term Incentive Plan ("LTIP").

2024 LTIP Awards

Name of individual	Title	Number of shares subject to the DBP/LTIP award prior to 2024 award	Number of shares subject to the 2024 LTIP award	Total shares over which options now held	Percentage of current issued share capital under option
Frank Mathias	Chief Executive Officer	323,178	257,113	580,291	0.55%
Lucinda Crabtree	Chief Financial Officer	-	170,113	170,113	0.16%
Sebastien Ribault	Chief Business Officer	66,903	58,406	125,309	0.12%
Thierry Cournez	Chief Operating Officer	66,437	51,570	118,007	0.11%
Lisa James	Chief People Officer	99,989	40,464	140,453	0.13%
Kyriacos Mitrophanous	Chief Innovation Officer	179,433	52,651	232,084	0.22%
Natalie Walter	Group General Counsel and Company Secretary	152,818	49,169	201,987	0.19%

In line with best practice, the award granted to Frank Mathias was scaled back from 200% of salary to 160% of salary, with the same proportionate scale back applied to below board grantees. As a newly appointed Director, Lucinda Crabtree's award was scaled back from 175% of salary to 157.5% of salary.

The Remuneration Committee has determined that EBITDA margin and revenue growth are the key metrics aligned with the growth strategy. Therefore, for this grant the performance conditions will be based on those metrics, weighted 40% EBITDA margin and 60% revenue growth, with no non-financial leading performance indicators metrics. Performance in respect of each measure will be assessed following the end of a three year performance period ending with 2026. Details of the targets for the EBITDA margin and revenue growth measures are included in the 2023 Directors' Remuneration Report.

The awards will "vest" on 3 October 2027 to the extent determined by reference to the assessment of the performance condition. The awards granted to Frank Mathias and Lucinda Crabtree will only be "released" so that they can be exercised following the end of a further two year holding period. The awards granted to other participants will be released at vesting.

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

Frank Mathias

2.

Reason for the notification

a)

Position/status

Chief Executive Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	257,113

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 257,113 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Lucinda Crabtree

2.

Reason for the notification

a)

Position/status

Chief Financial Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	170,113

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 170,113 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Sebastien Ribault

2.

Reason for the notification

a)

Position/status

Chief Business Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	58,406

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 58,406 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Thierry Cournez

2.

Reason for the notification

a)

Position/status

Chief Operating Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	51,570

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 51,570 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Lisa James

2.

Reason for the notification

a)

Position/status

Chief People Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	40,464

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 40,464 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Kyriacos Mitrophanous

2.

Reason for the notification

a)

Position/status

Chief Innovation Officer

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

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)

2024 LTIP Award

Price	Volume
Nil	52,651

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 52,651 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

1.

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

a)

Name

Natalie Walter

2.

Reason for the notification

a)

Position/status

General Counsel

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

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)

2024 LTIP Award

Price	Volume
Nil	49,169

d)

Aggregated information

-    Aggregate volume

-    Price

Awards granted over 49,169 shares in total

N/A

e)

Date of the transaction

2024-10-03

f)

Place of the transaction

Outside of trading venue

-Ends-

Enquiries:       

Oxford Biomedica plc: Natalie Walter, Company Secretary	Tel: +44 (0)1865 783 000

About OXB

OXB (LSE: OXB) is a quality and innovation-led contract development and manufacturing organisation (CDMO) in cell and gene therapy with a mission to enable its clients to deliver life changing therapies to patients around the world.

One of the original pioneers in cell and gene therapy, OXB has more than 25 years of experience in viral vectors; the driving force behind the majority of cell and gene therapies. OXB collaborates with some of the world's most innovative pharmaceutical and biotechnology companies, providing viral vector development and manufacturing expertise in lentivirus, adeno-associated virus (AAV), adenovirus and other viral vector types. OXB's world-class capabilities span from early stage development to commercialisation. These capabilities are supported by robust quality-assurance systems, analytical methods and depth of regulatory expertise.

OXB offers a vast number of unique technologies for viral vector manufacturing, including a 4th generation lentiviral vector system (the Tetravecta™ system), dual plasmid system for AAV production, suspension and perfusion process using process enhancers and stable producer and packaging cell lines.

OXB, a FTSE4Good constituent, is headquartered in Oxford, UK. It has bioprocessing and manufacturing facilities across Oxfordshire, UK, Lyon and Strasbourg, France and near Boston, MA, US. Learn more at www.oxb.com , and follow us on LinkedIn and YouTube.

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