REG - Xaar PLC - Grant of Options

XaarAnnouncement

05/04/2018 09:40

RNS Number : 9335J
Xaar PLC
05 April 2018
 

Xaar plc (the "Company")
Grant of Options
The Company announces that on 3 April 2018 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


309,880


730,189




Lily Liu


103,293


233,697




 
* Options granted under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 3 April 2018.
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. 34% of the vested options are exercisable 3 years after the date of grant, with 33% exercisable 4 and 5 years after the date of grant respectively. 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 person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


1.  Doug Edwards
2.  Lily Liu
 




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 plc 2017 Long Term Incentive Plan




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















1.  £nil


1.  309,880
















2.  £nil


2.  103,293






























d)
 


Aggregated information


















- Aggregated volume


1. 309,880
2. 103,293














- Price


1. £nil
2. £nil














e)
 


Date of the transaction
 
 


1.  3 April 2018
2.  3 April 2018




f)
 


Place of the transaction
 
 


Outside a trading venue




 



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