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 15 July 2019 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	48,319
Gavin Hill	37,713

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. (100% vesting) over three financial years commencing with the 2019/20 financial year.	ROCE 20.5% in the final year of the performance period (2021/22 financial year) (25% vesting) to 23.4% (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 £13.74.

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	Ian Barkshire Gavin Hill
2	Reason for the notification
a)	Position/status	Chief Executive 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)	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	Grant of Awards (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	2019-07-15
f)	Place of the transaction	Not applicable

Name of contact and telephone number for queries: Susan Johnson-Brett, Tel: [phone]

Susan Johnson-Brett

Company Secretary

For and on behalf of Oxford Instruments plc.

Date: 15 July 2019

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