REG-Oxford Instruments Plc: Director/PDMR Shareholding

Oxford InstrumentsAnnouncement

15/11/2023 16:45

15 November 2023

Oxford Instruments plc (the “Company”)

Director/PDMR shareholding

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

As announced on 27 July 2023, Richard Tyson joined Oxford Instruments plc on 1
October 2023 as Chief Executive. On 14 November 2023 Richard was granted three
awards of nominally priced options over ordinary shares of £0.05, under the
Oxford Instruments plc Long Term Incentive Plan (the "LTIP"), as set out
below.  These awards comprise the buy-out arrangements which replace
Richard’s 2021, 2022 and 2023 LTIP awards from his previous employer, TT
Electronics plc, which lapsed in connection with his joining the Company.

 Award                                                           Number of shares  Vesting date   Exercisable until  
 Buy-out of LTIP granted on 16 March 2021 by TT Electronics plc  27,872            16 March 2024  15 March 2031      
 Buy-out of LTIP granted on 14 March 2022 by TT Electronics plc  30,975            14 March 2025  13 March 2032      
 Oxford Instruments plc FY24 LTIP award                          53,023            31 July 2026   13 November 2033   

 

The awards will ordinarily vest and become exercisable as set out above,
subject to the grantee’s continued service and to the extent to which the
performance conditions are met. The buy-out awards will vest based on the
achievement of the original TT Electronics plc performance targets. The Oxford
Instruments plc FY24 LTIP award will vest based on the achievement of the
performance conditions which can be found in the Directors’ Remuneration
Report in the Company’s 2023 Annual Report. A two-year post-vesting holding
period applies to all awards. Dividend equivalents will also be awarded and
will accrue for the period from grant to vest and for the holding period (two
years after the awards vest). No consideration was paid upon the grants of the
awards and consideration of £0.05 per share is due upon the exercise of the
awards. The awards were based on an Oxford Instruments plc share price of
£21.50.

Full details of the awards, including performance conditions, will be provided
in the Directors’ Remuneration Report within the Company’s 2024 Annual
Report.

The Company makes this announcement, including the notification below, in
accordance with the requirements of the EU Market Abuse Regulation (as it
forms part of domestic law by virtue of the European Union (Withdrawal) Act
2018).

 

 1         Details of the person discharging managerial responsibilities/person closely associated                                                                                                                     
 a)        Name                                                                                               Richard Tyson                                                                                            
 2         Reason for the notification                                                                                                                                                                                 
 a)        Position/status                                                                                    Chief Executive and PDMR                                                                                 
 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 £0.05 each in Oxford Instruments plc                               
                                                                                                               GB0006650450                                                                                            
 b)        Nature of the transaction                                                                          Awards of nominally priced options of £0.05 under the Oxford Instruments plc Long Term Incentive Plan.   
 c)        Price(s) and volume(s)                                                                                                                                                                                      
 Price(s)  Volume(s)                                                                                          
 N/A       27,872                                                                                             
 N/A       30,975                                                                                             
 N/A       53,023                                                                                             
 d)        Aggregated information -   Volume -   Price -   Total                                              111,870 N/A N/A                                                                                          
 e)        Date of the transaction                                                                            14 November 2023                                                                                         
 f)        Place of the transaction                                                                           Outside of a trading venue                                                                               

 

Enquiries:

Sarah Harvey

Company Secretary

sarah.harvey@oxinst.com



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