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

XaarAnnouncement

04/04/2016 14:00

RNS Number : 0935U
Xaar PLC
04 April 2016
Xaar plc (the "Company")
Grant of Options
The Company announces that on 1 April 2016 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
61,539
139,160
Ted Wiggans 
Chief Operations Officer
47,179
126,375
Alex Bevis
Chief Financial Officer
34,667
169,200
* Options granted on 1 April 2016 under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 4 March 2016. 
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 - Chief Financial Officer
+44 (0) 1223 423 663

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