logo-loader
RNS
viewOxford Instruments PLC

OXFORD INSTRUMENTS PLC - Director/PDMR Shareholding

15 July 2019

OXFORD INSTRUMENTS PLC

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

On the Company’s Executive Directors were granted nil cost option awards over ordinary shares of each under the plc Performance Share Plan (the "PSP") as noted below:15 July 20195 penceOxford Instruments

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.

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 £13.74.

The following notification is made in accordance with the requirements of Article 19.3 of the Market Abuse Regulation.

of contact and telephone number for queries: , Tel: 01865 393324NameSusan Johnson-Brett

Susan Johnson-Brett

Company Secretary

For and on behalf of .Oxford Instruments plc

Date:15 July 2019

Executive Director Number of shares under award

                 48,319

                    37,713Ian BarkshireGavin Hill
Half of the award                         Half of the award

EPS growth – 4% p.a. (25% vesting) to 12% ROCE 20.5% in the final year of the
p.a.                                      performance period (2021/22 financial
(100% vesting) over three financial years year) (25% vesting) to 23.4% (100%
commencing with the 2019/20 financial     vesting).
year.
1  Details of the person discharging managerial responsibilities / person
   closely associated

a)                              1. 
                                    2. 
2  Reason for the notification

a) Position/status                  1. Chief Executive
                                    2. 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)                            

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 Options to acquire ordinary shares of 5
                                  pence each
   Identification code
                                  GB0006650450

b) Nature of the transaction      Grant of Awards (in the form of nil-cost
                                  options) under the 
                                  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        2019-07-15

f) Place of the transaction       Not applicableNameNameOxford Instruments plcOxford InstrumentsIan BarkshireGavin Hill

Quick facts: Oxford Instruments PLC

Price: 1220.68

Market: AIM
Market Cap: £701.09 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE