Oxford Nanopore Technologies PLC - nanopore-based molecular sensing technology developer headquartered in Oxford, England - Decides to transfer its listing category on the London Stock Exchange and the official list of the UK Financial Conduct Authority to ’equity shares (commercial companies)’ from ’equity shares (transition)’. The change will make Oxford Nanopore eligible for inclusion in FTSE UK indices. The company has a market capitalisation of £1.42 billion, so it would be likely to go straight into the FTSE 250 index of London mid-cap stocks at the next quarterly review by FTSE Russell, which would be effective in late December. Oxford Nanopore needs to give 20 business days notice of the change in listing category, so it is expected to happen on November 6.
‘We are proud of all we have achieved since our IPO in 2021, including significantly growing our revenues, customer base and impact in the scientific community,’ says Chief Executive Officer Gordon Sanghera. The transfer to the ESCC segment, he says, ‘will provide exposure to a wider investor base and eligibility for FTSE index inclusion, enhancing the liquidity of our shares, for the benefit of our shareholders.’
Current stock price: 150.60 pence, up 0.7%
12-month change: down 21%
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