Oxford Instruments Correction : Director/PDMR Shareholding
September 26 2017 - 9:02AM
UK Regulatory
TIDMOXIG
The earlier announcement released at 10.57am was not MAR compliant.
26 September 2017
OXFORD INSTRUMENTS PLC
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
On 25 September 2017 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 65,630
Gavin Hill 51,223
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% ROCE 13.0% in the final year of the
p.a. performance period (2019/20
(100% vesting) over three financial years financial year) (25% vesting) to
commencing with the 2017/18 financial 15.5% (100% vesting).
year.
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 GBP9.605.
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 1. Ian Barkshire
2. Gavin Hill
2 Reason for the notification
a) Position/status 1. Chief Executive
2. Group Finance Director
b) Initial notification/ Initial notification
Amendment
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, Options to acquire ordinary shares of 5 pence
type of instrument each
Identification code GB0006650450
b) Nature of the Grant of Awards (in the form of nil-cost options)
transaction 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 2017-09-25
f) Place of the Not applicable
transaction
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: 26 September 2017
END
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