REG - Xaar PLC - Grant of Options <Origin Href="QuoteRef">XAR.L</Origin>

XaarAnnouncement

07/04/2015 16:40

RNS Number : 5367J
Xaar PLC
07 April 2015
Xaar plc (the "Company")
Grant of Options
The Company announces that on 2 April 2015 the Executive Directors of the Company were granted the following share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the terms of the 2007 Long Term Incentive Plan ("LTIP"):
Name 
Role
No. of options* granted over Ordinary Shares
Total no. of options** held post grant
Doug Edwards
Chief Executive Officer
73,305
73,305
Ted Wiggans 
Operations and Quality Director
44,716
233,471
Richard Barham
Sales and Marketing Director
44,716
173,459
Edmund Creutzmann
Chief Technical Officer
42,761
67,552
Alex Bevis
Finance Director
41,295
249,364
Jim Brault
Chief Human Resources Officer
41,295
41,295
* Options granted on 2 April 2015 under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 12 February 2015. 
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 certain specific performance criteria which must be achieved prior to vesting, which is 3 years after the date of grant, when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant. 
Enquiries: 
Xaar plc

Alex Bevis - Finance Director 
01223 423 663

This information is provided by RNS
The company news service from the London Stock Exchange
  END
RDSLLFVESLIDIIE