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6 July 2021
OXFORD INSTRUMENTS PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
On 5 July 2021 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:
Number of shares under award
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.
ROCE - 24% in the final year of the performance period (2023/24 financial year) (25% vesting) to 30% (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 £23.10.
The following notification is made in accordance with the requirements of Article 19.3 of the Market Abuse Regulation.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Oxford Instruments plc
Details of the transaction(s): section to be repeated for (i) each type of instrument;
Description of the financial instrument, type of instrument
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:
Price(s) and volume(s)
Date of the transaction
Place of the transaction
Name of contact and telephone number for queries: Susan Johnson-Brett, Tel: 01865 393324
For and on behalf of Oxford Instruments plc.
Date: 6 July 2021