21 June
2022
Oxford Instruments plc
Director/PDMR shareholding
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
On 20 June 2022 the Company’s
Executive Directors were granted nil cost option awards over
ordinary shares of 5 pence each under
the Oxford Instruments plc Performance Share Plan (the "PSP") as
follows:
Executive
Director |
Number of shares
under award |
Ian Barkshire |
40,979 |
Gavin Hill |
29,456 |
Subject to the terms of the PSP, the awards will ordinarily vest
and become exercisable as from the third anniversary of the grant
of the awards subject to the grantee’s continued service and to the
extent to which the performance condition outlined below is
met. Dividend equivalents will also be awarded.
Half of the award |
Half of the award |
EPS
growth – 4% p.a. (25% vesting) to 10% p.a.
(100% vesting) over three financial years
commencing with the 2022/23 financial year. |
ROCE 26% in the final
year of the performance period (2024/25 financial year) (25%
vesting) to 32% (100% vesting). |
Once exercisable, an award shall ordinarily remain exercisable
until the eve of the tenth anniversary of the grant date of the
awards.
No consideration was paid for the grant of the awards and no
consideration is due on the vesting and/or exercise of the
awards. For the purposes of these awards, the grant was made
based on 150% of base salary effective 1
July 2022 and at a share price of £19.40.
This notice is given in fulfilment of the obligation under
Article 19 of the Market Abuse Regulation.
1 |
Details of the person discharging
managerial responsibilities / person
closely associated |
a) |
Name |
- Ian Barkshire
- Gavin Hill
|
2 |
Reason for the notification |
a) |
Position/status |
- Chief Executive
- Chief Financial Officer
|
b) |
Initial
notification/Amendment |
Initial
notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name |
Oxford Instruments
plc |
b) |
LEI |
213800J364EZD6UCE231 |
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, type of instrument
Identification code |
Options to acquire ordinary shares of 5 pence each
GB0006650450 |
b) |
Nature of the
transaction |
Awards
granted (in the form of nil-cost options) under the Oxford
Instruments plc Performance Share Plan. Maximum number of
Shares as follows: |
c) |
Price(s) and
volume(s) |
Not applicable |
d) |
Aggregated
information |
Not applicable |
e) |
Date of the
transaction |
20 June 2022 |
f) |
Place of the
transaction |
Not applicable |
Enquiries:
Sarah Harvey
Company Secretary
+44 (0) 1865 393448