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LONDON - Oxford Nanopore Technologies plc has disclosed a transaction under its Share Incentive Plan (SIP) involving Nick Keher, the company’s Chief Financial Officer. On Wednesday, Keher acquired 112 ordinary shares at £1.34 each and was granted an equivalent number of matching shares at no additional cost, as per the plan’s rules.
The transaction, conducted through COMPUTERSHARE TRUSTEES LIMITED, the SIP’s trustee, represents a standard practice under the company’s employee share ownership scheme. Keher’s purchase, totaling £150.08, was matched by the company with 112 ordinary shares, reflecting the SIP’s one-for-one match policy.
These shares were bought and issued on the London Stock Exchange (LON:LSEG) under the identification code GB00BP6S8Z30. Oxford Nanopore Technologies, which specializes in nanopore-based DNA and RNA sequencing technology, is required to report such transactions in compliance with the UK Market Abuse Regulation.
The SIP aims to involve employees more directly in the company’s performance, aligning their interests with those of shareholders. This announcement underscores the ongoing participation of management in the company’s equity growth potential.
The information provided in this article is based on a press release statement from Oxford Nanopore Technologies plc.
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