Oxford Instruments Correction : Director/PDMR Shareholding

 
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 
 

(END) Dow Jones Newswires

September 26, 2017 09:02 ET (13:02 GMT)