15 July 2019
OXFORD INSTRUMENTS PLC
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
On 15 July 2019 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 noted below:
Executive Director Number of shares under award
Ian Barkshire 48,319
Gavin Hill 37,713
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 12% p.a. (100% vesting) over three financial years commencing with the 2019/20 financial year. ROCE 20.5% in the final year of the performance period (2021/22 financial year) (25% vesting) to 23.4% (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 at a share price of £13.74.
The following notification is made in accordance with the requirements of
Article 19.3 of the Market Abuse Regulation.
1 Deta ils of the person discharging managerial responsibilities / person closely associated
a) Name 1. Ian Barkshire
2. Gavin Hill
2 Reaso n for the notification
a) Position/status 1. Chief Executive
2. Group Finance Director
b) Initial notification/Amendment Initial notification
3 Deta ils of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Oxford Instruments plc
b) LEI 213800J364EZD6UCE231
4 Deta ils 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 Grant of Awards (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 2019-07-15
f) Place of the transaction Not applicable
Name of contact and telephone number for queries: Susan Johnson-Brett, Tel:
01865 393324
Susan Johnson-Brett
Company Secretary
For and on behalf of Oxford Instruments plc.
Date: 15 July 2019
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