Grant of LTIP Awards to Directors

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	[phone]
Numis Securities Limited Simon Willis Hugo Rubinstein Tejas Padalkar	[phone]
FTI Consulting Matt Dixon / Jamille Smith / Greg Hynes	[phone]

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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