REG-Oxford Instruments: Director/PDMR Shareholding

Oxford InstrumentsAnnouncement

21/06/2022 09:45

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   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. Chief Financial Officer                                                                                                                      
 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                                                                            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



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