Grant of Options

RNS Number : 9090G

Xaar PLC

13 May 2014

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 12 May 2014 three persons discharged with managerial responsibilities 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 2007 Long Term Incentive Plan ("LTIP"):

Name	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Ted Wiggans	8,800	183,430
Alex Bevis	8,698	202,744
Brian James	2,920	14,892
Mark Alexander	1,903	55,848

* 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. These options carry certain specific performance criteria which must be achieved prior to vesting, which is 3 years after the date of grant, when the options are ordinarily exercisable. The options will expire on the tenth anniversary of 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 Wiggans, Mr Bevis, Mr James and Mr Alexander in March and April 2014.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	01223 423 663

 

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