UK markets close in 2 hours 8 minutes
  • FTSE 100

    7,157.12
    -155.20 (-2.12%)
     
  • FTSE 250

    18,596.16
    -442.63 (-2.32%)
     
  • AIM

    878.35
    -14.97 (-1.68%)
     
  • GBP/EUR

    1.1670
    +0.0064 (+0.55%)
     
  • GBP/USD

    1.2157
    +0.0035 (+0.29%)
     
  • BTC-GBP

    15,795.26
    -815.76 (-4.91%)
     
  • CMC Crypto 200

    411.17
    -28.49 (-6.48%)
     
  • S&P 500

    3,818.83
    -2.72 (-0.07%)
     
  • DOW

    31,029.31
    +82.32 (+0.27%)
     
  • CRUDE OIL

    109.00
    -0.78 (-0.71%)
     
  • GOLD FUTURES

    1,821.90
    +4.40 (+0.24%)
     
  • NIKKEI 225

    26,393.04
    -411.56 (-1.54%)
     
  • HANG SENG

    21,859.79
    -137.10 (-0.62%)
     
  • DAX

    12,685.01
    -318.34 (-2.45%)
     
  • CAC 40

    5,880.47
    -151.01 (-2.50%)
     

OXFORD INSTRUMENTS PLC - Director/PDMR Shareholding

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

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

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

  • 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 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

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

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting