Company Announcements


21 June 2022

Oxford Instruments plc

Director/PDMR shareholding

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

On 20 June 2022 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 follows:

Executive Director Number of shares under award

  Ian Barkshire               40,979

    Gavin Hill                29,456

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 26% in the final year of the
p.a.                                      performance period (2024/25 financial
(100% vesting) over three financial years year) (25% vesting) to 32% (100%
commencing with the 2022/23 financial     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 based on 150% of base salary effective 1 July 2022 and at a share price of £19.40.

This notice 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                             1. Ian Barkshire
                                    2. Gavin Hill
2  Reason for the notification

a) Position/status                  1. Chief Executive
                                    2. Chief Financial Officer
b) Initial notification/Amendment Initial notification

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a) NameOxford 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 Options to acquire ordinary shares of 5
                                  pence each
   Identification code

b) Nature of the transaction      Awards granted (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        20 June 2022

f) Place of the transaction       Not applicable


Sarah Harvey

Company Secretary

+44 (0) 1865 393448