Grant of Options

RNS Number : 6009C

Xaar PLC

02 May 2012

 



Xaar plc (the "Company")

Grant of Options

The Company announces that on 1 May 2012 two 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 of Director	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Ramon Borrell	59,575	495,711
Alex Bevis	45,860	154,078

* Options granted under the LTIP scheme.

** Options granted under all schemes.

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.  Options are ordinarily exercisable after 3 years from the date of grant.

These share options were granted as part of the Company's LTIP bonus matching scheme, related to the purchases of shares made by Mr Borrell and Mr Bevis in April 2012.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	01223 423 663

 

END

 

 

RDSLLFLSEIIFIIF