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On 15 July 2022, nil-cost option awards granted to Oxford Instruments plc's Executive Directors, Ian Barkshire and Gavin Hill, under the Performance Share Plan vested. Ian Barkshire received 49,166 shares and Gavin Hill received 38,374 shares, reflecting awards initially granted on 15 July 2019 for which performance conditions were fully met.
| Date | 15 Jul 2022 |
| Time | 14:07:58 |
| Category | Director/PDMR dealings |
| ID | 6937S |
15 July 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 15 July 2022 the nil-cost option awards granted to the Company's Executive Directors under the Oxford Instruments plc Performance Share Plan on 15 July 2019 vested on the basis set out in the table below. The performance conditions were met in full. The awards will ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards.
|
Executive Director |
Number of shares granted |
Number of shares to vest |
Dividend equivalents |
Total number of shares to vest |
|
Ian Barkshire |
48,319 |
48,319 |
847 |
49,166 |
|
Gavin Hill |
37,713 |
37,713 |
661 |
38,374 |
The following information 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 |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Executive Officer and PDMR |
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|
b) |
Initial notification/Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Oxford Instruments plc |
||||
|
b) |
LEI |
213800J364EZD6UCE231 |
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|
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 |
Ordinary shares of 5p each in Oxford Instruments plc
|
||||
|
b) |
Nature of the transaction |
Vesting of award of nil-cost options made under the Oxford Instruments plc Performance Share Plan on 15 July 2019 (48,319) plus dividend shares received (847). |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Volume - Price - Total |
49,166 N/A - Nil-cost option N/A - Nil-cost option |
||||
|
e) |
Date of the transaction |
15 July 2022 |
||||
|
f) |
Place of the transaction |
N/A |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Gavin Hill |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Financial Officer and PDMR |
||||
|
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 |
Ordinary shares of 5p each in Oxford Instruments plc
|
||||
|
b) |
Nature of the transaction |
Vesting of award of nil-cost options made under the Oxford Instruments plc Performance Share Plan on 15 July 2019 (37,713) plus dividend shares received (661). |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Volume - Price - Total |
38,374 N/A - Nil-cost option N/A - Nil-cost option |
||||
|
e) |
Date of the transaction |
15 July 2022 |
||||
|
f) |
Place of the transaction |
N/A |
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Enquiries:
Sarah Harvey
Company Secretary
+44 (0) 1865 393448