Business
Correction : Director/PDMR Shareholding
Correction : Director/PDMR Shareholding.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n \nThe earlier announcement released at 10.57am was not MAR compliant.\n\n26 September 2017\n\nOXFORD INSTRUMENTS PLC\n\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n\nOn 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:\n\n\n\nExecutive Director\nNumber of shares under award\n\n\n\nIan Barkshire\n65,630\n\n\n\nGavin Hill\n51,223\n\n\n\nSubject 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.\n\n\n\nHalf of the award\nHalf of the award\n\n\n\nEPS growth – 4% p.a. (25% vesting) to 10% p.a.(100% vesting) over three financial yearscommencing with the 2017/18 financial year.\nROCE 13.0% in the final year of the performance period (2019/20 financial year) (25% vesting) to 15.5% (100% vesting). \n\n\n\nOnce exercisable, an award shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards.\n\nNo 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 £9.605.\n\nThe following notification is made in accordance with the requirements of Article 19.3 of the Market Abuse Regulation.\n\n\n\n1\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\na)\nName\n\n\nIan Barkshire\n\nGavin Hill\n\n\n\n\n\n2\nReason for the notification\n\n\n\na)\nPosition/status\n\n\nChief Executive\n\nGroup Finance Director\n\n\n\n\n\nb)\nInitial notification/Amendment\nInitial notification\n\n\n\n3\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\na)\nName\nOxford Instruments plc\n\n\n\nb)\nLEI\n213800J364EZD6UCE231\n\n\n\n4\nDetails of the transaction(s): section to be repeated for (i) eac...