Oxford Instruments Regulatory News (OXIG)

Oxford Instruments plc

Interim Chairman's AGM Statement 2018

Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, is holding its Annual General Meeting today at which the interim Chairman, Stephen Blair, will make the following statement:

"Following the sad news regarding the death of our Chairman, Alan Thomson, I have taken over as interim Chairman until a successor is appointed. Alan had been Chairman since September 2016 and brought a wealth of experience and wisdom to the role. He will be very much missed by all of us at Oxford Instruments. The Board has commenced a process to appoint Alan's successor.

"Turning to trading for the first five months of the current year. The business has had a good start with strong growth in orders against last year across all three sectors: Materials & Characterisation, Research & Discovery, and Service & Healthcare. This has translated into reported and constant currency revenue growth for the Group. Operating profit is ahead of last year on a reported and constant currency basis.

"Looking ahead, we expect the second half of the financial year to benefit from the normal seasonal bias, with expectations for the full year remaining unchanged."

Enquiries:

Oxford Instruments plc Tel: 01865 393200

Ian Barkshire, Chief Executive

Gavin Hill, Group Finance Director

MHP Communications Tel: 020 3128 8100

Rachel Hirst/Luke Briggs

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Issued for and on behalf of Oxford Instruments plc

Notes to Editors  

About Oxford Instruments plc

Oxford Instruments designs, supplies and supports high-technology tools and systems with a focus on research and industrial applications. Innovation has been the driving force behind Oxford Instruments' growth and success for over 50 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion. 

The first technology business to be spun out from Oxford University, Oxford Instruments is now a global company and is listed on the London Stock Exchange (OXIG). Its objective is to be the leading provider of new generation tools and systems for the research and industrial sectors with a focus on nanotechnology. Its key market sectors include nano-fabrication and nano-materials. The company's strategy is to expand the business into the life sciences arena, where nanotechnology and biotechnology intersect.

This involves the combination of core technologies in areas such as low temperature and high magnetic field environments; Nuclear Magnetic Resonance; X-ray, electron, laser and optical based metrology; atomic force microscopy; optical imaging; advanced growth, deposition and etching.

Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology. Its products, expertise, and ideas address global issues such as energy, environment, security and health.