REG - Oxford Metrics PLC - Grant of LTIP Awards to Directors

Oxford MetricsAnnouncement

02/12/2021 17:15

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RNS Number : 4384U  Oxford Metrics PLC  02 December 2021

2 December 2021

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Grant of LTIP Awards to Directors

Oxford Metrics plc (AIM:OMG), the smart sensing software company servicing,
life sciences, entertainment and engineering markets, announces that on 2
December 2021 it granted share options ("Options") to certain of its executive
directors to acquire a total of 1,794,847 ordinary shares in the Company under
the Oxford Metrics 2021 Long Term Incentive Plan ("LTIP"). The Company has
consulted with its major institutional shareholders prior to the
implementation of the LTIP and it is structured to align with the Company's
five-year growth strategy.

 

 Director         Total number of shares over which options granted  Total number of shares under option held following this grant  Total number of shares under option held as % of issued share capital(1)
 Nick Bolton      903,506                                            2,103,506                                                      1.7%
 David Deacon     492,774                                            1,092,774                                                      0.9%
 Cathy Robertson  398,567                                            798,567                                                        0.6%

 

The Options have an exercise price of 0.25 pence per share with a vesting date
of 2 December 2026, being the fifth anniversary of the grant date. The Options
are subject to achievement of certain performance conditions on the basis of
25% vesting for delivery of a 12% annualised total shareholder return growth
("TSR") over the five-year period, with 100% of the Options vesting for
delivery of a 22% annualised TSR over the five-year period. Delivery of an
annualised TSR of between 12% and 22% will result in the Options vesting pro
rata on a straight-line basis between the 25% and 100% thresholds. Failure to
deliver an annualised TSR of 12% will result in no Options being granted.

 

For further information, please contact:

 Oxford Metrics                            +44 (0) 1865 261800

 Nick Bolton, CEO

 David Deacon, CFO
 Numis Securities Limited                  +44 (0)20 7260 1000

 Simon Willis

 Hugo Rubinstein

 Tejas Padalkar
 FTI Consulting                            +44 (0) 20 3727 1000

 Matt Dixon / Jamille Smith / Greg Hynes

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Nick Bolton
 2   Reason for the notification
 a)  Position/status                                              Chief Executive 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 Metrics plc
 b)  LEI                                                          N/A
 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  Share Options over Ordinary Shares of 0.25p each

     Identification code                                          ISIN for Oxford Metrics plc Ordinary Shares GB0030312788
 b)  Nature of the transaction                                    Grant of share options under (a) the Oxford Metrics plc Long Term Incentive
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       903,506
 d)  Aggregated information

- Aggregated volume

     - Price                                                      903,506 ordinary shares of 0.25p each

                                                                  Nil consideration
 e)  Date of the transaction                                      2(nd) December 2021
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

903,506 ordinary shares of 0.25p each

Nil consideration

e)

Date of the transaction

2(nd) December 2021

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         David Deacon
 2   Reason for the notification
 a)  Position/status                                              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 Metrics plc
 b)  LEI                                                          N/A
 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  Share Options over Ordinary Shares of 0.25p each

     Identification code                                          ISIN for Oxford Metrics plc Ordinary Shares GB0030312788
 b)  Nature of the transaction                                    Grant of share options under (a) the Oxford Metrics plc Long Term Incentive
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       492,774

 d)  Aggregated information

- Aggregated volume

     - Price                                                      492,774 ordinary shares of 0.25p each

                                                                  Nil consideration
 e)  Date of the transaction                                      2(nd) December 2021
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

492,774 ordinary shares of 0.25p each

Nil consideration

e)

Date of the transaction

2(nd) December 2021

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Cathy Robertson
 2   Reason for the notification
 a)  Position/status                                              Group Executive Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Oxford Metrics plc
 b)  LEI                                                          N/A
 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  Share Options over Ordinary Shares of 0.25p each

     Identification code                                          ISIN for Oxford Metrics plc Ordinary Shares GB0030312788
 b)  Nature of the transaction                                    Grant of share options under (a) the Oxford Metrics plc Long Term Incentive
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       398,567

 d)  Aggregated information

- Aggregated volume

     - Price                                                      398,567 ordinary shares of 0.25p each

                                                                  Nil consideration
 e)  Date of the transaction                                      2(nd) December 2021
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

398,567 ordinary shares of 0.25p each

Nil consideration

e)

Date of the transaction

2(nd) December 2021

f)

Place of the transaction

Outside a trading venue

 

1.   Total number of shares under options held as a percentage of the issued
share capital calculated based on issued share capital following the 70,722
issue of shares announced on 2 December 2021.

 

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