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NANOCO GROUP PLC — Director's Dealing 2019
Nov 1, 2019
4931_dirs_2019-11-01_94dc70bb-5996-4440-95ba-aaaf3cdb8462.html
Director's Dealing
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RNS Number : 9023R
Nanoco Group PLC
01 November 2019
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 |
| [email protected] | |
| MHP Communications | Tel: +44 (0) 20 3128 8570 |
| Reg Hoare / Giles Robinson / Pete Lambie [email protected] |
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)
| Price(s) | Volume(s) |
| Nil cost | 731,151 |
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)
| Price(s) | Volume(s) |
| Nil cost | 437,681 |
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)
| Price(s) | Volume(s) |
| Nil cost | 521,634 |
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
- Ends -
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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