LONDON - Oxford Metrics plc (AIM: OMG), a provider of smart sensing and software solutions, has announced the grant of stock options to its executive directors as part of its Long Term Incentive Plan (LTIP). The options, awarded on Monday, allow for the acquisition of a total of 663,778 ordinary shares in the company.
The awarded options are contingent upon the fulfillment of performance targets over a three-year period. Directors Imogen O'Connor and Zoe Fox were the recipients of these grants, with O'Connor receiving options for 389,948 shares and Fox for 273,830 shares. Following the grant, O'Connor's total options represent 0.83% of the issued share capital, while Fox's options account for 0.63%.
The options have an exercise price of 0.25 pence per share and are set to vest on December 17, 2027. The vesting is tied to performance targets focused on the company's total shareholder return and the compound annual growth in Oxford Metrics' basic earnings per share from the financial years starting October 1, 2024, through September 30, 2027.
This strategic move is designed to align the interests of the executive directors with those of the shareholders by incentivizing the achievement of key financial metrics that could potentially enhance shareholder value over the long term. The company, serving various markets including life sciences, entertainment, engineering, and smart manufacturing, aims to drive growth and performance through such incentive plans.
The information disclosed is based on a press release statement by Oxford Metrics plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.