REG - XP Factory PLC - Director Share and Option Award

XP FactoryAnnouncement

Tue 07:00

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RNS Number : 8041E  XP Factory PLC  19 May 2026

19 May 2026

 

XP Factory plc (AIM: XPF)

 

("XP Factory" or the "Company")

 

Director Share and Option Award

 

 

XP Factory plc (AIM: XPF) announces that, on 30 January 2026, ahead of his
appointment as a director and Non-Executive Chairman of the Company (announced
on 2 February 2026), the Company awarded James van den Bergh certain share
options. The option awards were granted on an incentive basis, such that, over
a four-year performance period, should the Company’s share price achieve a
performance hurdle of (a) 100% of 12 pence (which was the three-month average
share price at the time of Mr van den Bergh’s appointment) (the “Exercise
Price”) for a period of 30 consecutive business days, he would have the
option to acquire 1,047,860 shares in the Company at the Exercise Price and
(b) 200% of the Exercise Price for a period of thirty consecutive business
days, he would have the option to acquire a further 2,127,474 shares in the
Company at the Exercise Price. In the event that the Company pursues an equity
raise during the performance period at a price lower than 12 pence, the
Exercise Price will be adjusted to this price.

Upon exercise, the applicable option shares will be issued in equal monthly
instalments over the twelve months following the exercise date. Upon a change
of control event of the Company, the above option awards vest immediately.

In addition, the Company confirms that Mr van den Bergh will be taking his
£65,000 annual salary in shares in lieu of cash (“Salary Shares”),
calculated at the Exercise Price for the first year and the price to be
reviewed annually thereafter. It is intended the Salary Shares will be paid
upon the anniversary of appointment.

 

Enquiries:

 

   XP Factory Plc                                                      +44 (0) 20 7846 3322

   https://www.xpfactory.com/ (https://www.xpfactory.com/)

   Richard Harpham (Chief Executive Officer)

 Panmure Liberum (Broker, NOMAD and Financial Adviser)     +44 (0) 20 3100 2000

 Ed Thomas

 Chris Clarke

 Satbir Kler

 Izzy Trow

 

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