REG - Xaar PLC - Grant of Options <Origin Href="QuoteRef">XAR.L</Origin>
RNS Number : 5295FXaar PLC18 May 2017Xaar plc (the "Company")
Grant of Options
The Company announces that on 16 May 2017 the Executive Directors 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 2017 Long Term Incentive Plan ("LTIP"):
Name
No. of options* granted over Ordinary Shares
Total no. of options** held post grant
Doug Edwards
255,267
449,164
Lily Liu
125,172
125,172
Edward Wiggans
93,193
185,088
* Options granted under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 16 May 2017.
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 when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant.
Enquiries:
Xaar plc
Lily Liu - Chief Financial Officer
+44 (0)1223 423 663
1
Details of the persons discharging managerial responsibilities / person closely associated
a)
Name
1. Doug Edwards
2. Lily Liu
3. Edward Wiggans
2
Reason for the notification
a)
Position/status
1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Operational 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
2. nil
3. nil
255,267
93,193
93,193
d)
Aggregated information
- Aggregated volume
1. 255,267
2. 93,193
3. 93,193
- Price
1. nil
2. nil
3. nil
e)
Date of the transaction
1. 16 May 2017
2. 16 May 2017
3. 16 May 2017
f)
Place of the transaction
Outside a trading venue
Enquiries:
Xaar plc
+44 (0) 1223 423 663
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCLIFEDESITLID
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