Director/PDMR Shareholding - SIP Purchase

RNS Number : 5086C

Xaar PLC

18 April 2017

 

Xaar plc (the "Company")

Director/PDMR Shareholding - SIP Purchase

The Company announces that as a result of purchases of ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 370 pence per Ordinary Share by the Xaar plc Share Incentive Plan (the "SIP") on 13 April 2017, the following Executive Directors of the Company acquired the following number of Ordinary Shares in the Company:

Name of Director	2016 Bonus invested in the SIP	No. of Ordinary Shares acquired by the SIP as Partnership shares using the 2016 Bonus	No. of Ordinary Shares acquired by the SIP as Matching share awards	Total No. of Ordinary Shares acquired through the SIP	Total beneficial interest in Ordinary Shares of Xaar plc following the SIP acquisition	% beneficial interest held in Xaar plc following the SIP acquisition
Doug Edwards	£1,800	486	486	972	33,885	0.043%

In accordance with the terms of the SIP, the persons named above were awarded Matching shares equal to the number of Partnership shares purchased. The Matching shares will vest on the third anniversary of the date of the award subject to continued employment for those three years.

All of the shares purchased by the SIP were acquired via transfer from the Xaar plc ESOP.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Doug Edwards
2	Reason for the notification
a)	Position/status	Chief Executive 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
		GB0001570810
	Identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			3.70 0	486 486
d)	Aggregated information
	- Aggregated volume	486 486
	- Price	3.70 0
e)	Date of the transaction	13/4/2017
f)	Place of the transaction	London Stock Exchange (XLON)

Enquiries:

Xaar plc                                                             [phone]

 

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