24 September
2020
OXFORD INSTRUMENTS PLC
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
On 23 September 2020 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 |
42,019 |
| Gavin Hill |
32,796 |
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 – 3% p.a. (25% vesting) to 8% p.a.
(100% vesting) over three financial years
commencing with the 2020/21 financial year. |
ROCE 20.5% in the
final year of the performance period (2022/23 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 £15.80.
The following notification is made in accordance with the
requirements of Article 19.3 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
- Group Finance 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 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 |
Grant of
Awards (in the form of nil-cost options) under the Oxford
Instruments plc Performance Share Plan. Maximum number of
Shares as follows:
1. Ian
Barkshire 42,019
2. Gavin
Hill
32,796 |
| c) |
Price(s) and
volume(s) |
Not applicable |
| d) |
Aggregated
information |
Not applicable |
| e) |
Date of the
transaction |
2020-09-23 |
| 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: 24 September 2020