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Oxford Nanopore Technologies PLC - Oxford-based company developing and selling nanopore sequencing products - Completes the sale of its stake in its headquarters, the Gosling Building, to the Oxford Science Park Ltd for £42.5 million. The Oxford Science Park will immediately grant Oxford Nanopore an occupational lease of the property for 10 years; at a rent of £1.8 million per annum.
Chief Financial Officer Tim Cowper comments: ‘We are pleased to have agreed the sale and leaseback of our headquarters building. The proceeds will be used for continued development of our core business.’
Current stock price: 313.50 pence each, down 2.3% on Monday
12-month change: down 49% from September listing price of 425p
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