Grant of LTIP Awards to Directors

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RNS Number : 4384U
Oxford Metrics PLC
02 December 2021
 

2 December 2021

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Grant of LTIP Awards to Directors

Oxford Metrics plc (AIM:OMG), the smart sensing software company servicing, life sciences, entertainment and engineering markets, announces that on 2 December 2021 it granted share options ("Options") to certain of its executive directors to acquire a total of 1,794,847 ordinary shares in the Company under the Oxford Metrics 2021 Long Term Incentive Plan ("LTIP"). The Company has consulted with its major institutional shareholders prior to the implementation of the LTIP and it is structured to align with the Company's five-year growth strategy.

 

Director

Total number of shares over which options granted

Total number of shares under option held following this grant

Total number of shares under option held as % of issued share capital1

Nick Bolton

903,506

2,103,506

1.7%

David Deacon

492,774

1,092,774

0.9%

Cathy Robertson

398,567

798,567

0.6%

 

The Options have an exercise price of 0.25 pence per share with a vesting date of 2 December 2026, being the fifth anniversary of the grant date. The Options are subject to achievement of certain performance conditions on the basis of 25% vesting for delivery of a 12% annualised total shareholder return growth ("TSR") over the five-year period, with 100% of the Options vesting for delivery of a 22% annualised TSR over the five-year period. Delivery of an annualised TSR of between 12% and 22% will result in the Options vesting pro rata on a straight-line basis between the 25% and 100% thresholds. Failure to deliver an annualised TSR of 12% will result in no Options being granted.

 

For further information, please contact:

Oxford Metrics

Nick Bolton, CEO

David Deacon, CFO

+44 (0) 1865 261800

Numis Securities Limited

Simon Willis

Hugo Rubinstein

Tejas Padalkar

+44 (0)20 7260 1000

FTI Consulting

Matt Dixon / Jamille Smith / Greg Hynes

+44 (0) 20 3727 1000 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nick Bolton

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Oxford Metrics plc

b)

LEI

N/A

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

 

Identification code

Share Options over Ordinary Shares of 0.25p each

 


ISIN for Oxford Metrics plc Ordinary Shares GB0030312788

b)

Nature of the transaction

Grant of share options under (a) the Oxford Metrics plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

903,506

d)

Aggregated information

-

Aggregated volume

-

Price

 

903,506 ordinary shares of 0.25p each


Nil consideration

e)

Date of the transaction

2nd December 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Deacon

2

Reason for the notification

a)

Position/status

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)

Name

Oxford Metrics plc

b)

LEI

N/A

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

 

Identification code

Share Options over Ordinary Shares of 0.25p each

 

ISIN for Oxford Metrics plc Ordinary Shares GB0030312788

b)

Nature of the transaction

Grant of share options under (a) the Oxford Metrics plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

 

492,774

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

492,774 ordinary shares of 0.25p each


Nil consideration

e)

Date of the transaction

2nd December 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Cathy Robertson

2

Reason for the notification

a)

Position/status

Group Executive Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Oxford Metrics plc

b)

LEI

N/A

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

 

Identification code

Share Options over Ordinary Shares of 0.25p each

 

ISIN for Oxford Metrics plc Ordinary Shares GB0030312788

b)

Nature of the transaction

Grant of share options under (a) the Oxford Metrics plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

 

398,567

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

398,567 ordinary shares of 0.25p each


Nil consideration

e)

Date of the transaction

2nd December 2021

f)

Place of the transaction

Outside a trading venue

 

1.   Total number of shares under options held as a percentage of the issued share capital calculated based on issued share capital following the 70,722 issue of shares announced on 2 December 2021.

 

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Oxford Metrics