Last checked at 15 Jun 2015 14:40
OXFORD INSTRUMENTS PLC - Director/PDMR ShareholdingOXFORD INSTRUMENTS PLC - Director/PDMR Shareholding
PR Newswire
London, June 15
OXFORD INSTRUMENTS PLC
Announcement to the London Stock Exchange
On 15 June 2015 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 |
| Jonathan Flint | 67,631 |
| Kevin Boyd | 45,087 |
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 earnings per share growth and relative total shareholder return performance criteria are met over a measurement period comprising three financial years of the Company.
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.
On the same date, Jonathan Flint’s wife and Company employee, Claire Flint, was granted options under the Oxford Instruments Executive Share Option Scheme over 20,350 ordinary shares of 5 pence at an option price of £10.28.
The Company was notified of the above transactions on 15 June 2015.
This notification is made in accordance with DR 3.1.4R(1)(a).
Name of contact and telephone number for queries: Susan Johnson-Brett, Tel: 01865 393324
For and on behalf of Oxford Instruments plc.