REG - Xaar PLC - Grant of Options and Deferred Bonus Share Awards

XaarAnnouncement

07/04/2022 15:00

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RNS Number : 6909H  Xaar PLC  07 April 2022

Xaar plc

Grant of Options and Deferred Bonus Share Awards

Grant of Options

Xaar plc (the "Company") announces that on 6 April 2022 the persons
discharging managerial responsibilities of the Company were granted the
following nil priced share options over ordinary shares of 10 pence each in
the Company ("Ordinary Shares") under the terms of the Xaar 2017 Long Term
Incentive Plan ("LTIP"):

 Name             No. of options* granted over Ordinary Shares  Total no. of options** held post grant

 John Mills       207,932                                       1,087,225
 Ian Tichias      92,414                                        477,784
 Graham Tweedale  59,299                                        240,007

 

* Options granted on 6 April 2022 under the LTIP scheme.

** Options granted under all schemes, including the deferred bonus shares
detailed below.

This grant was approved by the Remuneration Committee on 6 April 2022.

No consideration was paid for the grant of any of the options, or is due on
the exercise of options granted under the LTIP scheme. These options carry the
performance criteria of EPS and TSR (60%/40% weighting respectively) which
must be achieved during a 3 year vesting period. Actual performance targets
are considered commercially sensitive and will be disclosed retrospectively.

The options vest on the dealing day following the announcement by the Company
of its annual results for 2024 or, if later, the date on which the
Remuneration Committee determines whether the performance condition and any
other condition has been satisfied (in whole or in part), and for the
Executive Directors these are exercisable 2 years after this date (for the
other persons discharging managerial responsibilities, these are exercisable
on vesting). The options will expire on the tenth anniversary of the date of
grant.

 

Deferred Bonus Share Awards

The Company announces that on 6 April 2022 the Executive Directors of the
Company were granted the following nil-cost share options over ordinary shares
of 10 pence each in the Company ("Ordinary Shares") under the terms of the
Xaar 2020 Deferred Bonus Plan (the "Plan"):

 Name         No. of deferred bonus share awards granted over Ordinary Shares

 John Mills   11,944
 Ian Tichias  6,689

 

This grant was approved by the Remuneration Committee on 6 April 2022.

The nil-cost options reflect the deferred portion of the bonuses earned for
the year ended 31 December 2021, subject to continued employment, and will,
ordinarily, vest on the dealing day following the announcement by the Company
of its annual results for 2023.

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation is appended below and gives further details on the
transactions described above.

This notification is made in accordance with DTR 3.1.4 R(1).

 

 

Enquiries:

 Xaar plc                           +44 (0)1223 423 663
 Camila Cottage, Company Secretary  investor.relations@xaar.com (mailto:investor.relations@xaar.com)

 

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.   John Mills

                                                                  2.   Ian Tichias

                                                                  3.   Graham Tweedale
 2   Reason for the notification
 a)  Position/status                                              1.   Chief Executive Officer

                                                                  2.   Chief Financial Officer

                                                                  3.   Chief Operations Officer
 b)  Initial notification /Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Xaar plc
 b)  LEI                                                          213800MXEC3KAOBBPO57
 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  Ordinary shares of 10 pence each

     Identification code                                          GB0001570810

 b)  Nature of the transaction                                    Grant of Options under the Xaar plc 2017 Long Term Incentive Plan
 c)  Price(s) and volume(s)
                                                                                     Price(s)           Volume(s)
                                                                                     1.   £nil          1.   207,932
                                                                                     2.   £nil          2.   92,414
                                                                                     3.   £nil          3.   59,299

 d)  Aggregated information

     - Aggregated volume                                          1. 207,932

                                                                  2. 92,414

                                                                  3. 59,299

     - Price                                                      1. £nil

                                                                  2. £nil

                                                                  3. £nil

 e)  Date of the transaction                                      1.   6 April 2022

                                                                  2.   6 April 2022

                                                                  3.   6 April 2022
 f)  Place of the transaction                                     Outside a trading venue

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.   John Mills

                                                                  2.   Ian Tichias
 2   Reason for the notification
 a)  Position/status                                              1.   Chief Executive Officer

                                                                  2.   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                                                         Xaar plc
 b)  LEI                                                          213800MXEC3KAOBBPO57
 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  Ordinary shares of 10 pence each

     Identification code                                          GB0001570810

 b)  Nature of the transaction                                    Grant of options under the Xaar 2020 Deferred Bonus Plan
 c)  Price(s) and volume(s)
                                                                                    Price(s)          Volume(s)
                                                                                    1.   £nil         1.   11,944
                                                                                    2.   £nil         2.   6,689

 d)  Aggregated information

     - Aggregated volume                                          1. 11,944

                                                                  2. 6,689

     - Price                                                      1. £nil

                                                                  2. £nil

 e)  Date of the transaction                                      1.   6 April 2022

                                                                  2.   6 April 2022

 f)  Place of the transaction                                     Outside a trading venue

 

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