Director/PDMR Shareholding

RNS Number : 9065G

Xaar PLC

12 May 2014

 

Xaar plc (the "Company")

Director/PDMR Shareholding

The Company has been notified that on 9 May 2014 and 12 May 2014, Ramon Borrell, Director of R&D - Thin Film, exercised options over 10,000 and 30,000 Xaar plc ordinary shares of 10 pence each ("Ordinary Shares") respectively, at an exercise price of nil pence per Ordinary Share. The options had been granted under the Xaar plc 2007 Long Term Incentive Plan ("LTIP") on 3 May 2011 and vested on 3 May 2014, having met the performance criteria in full. 10,000 shares were sold on 9 May 2014 at a price of 770 pence per Ordinary Share, and 30,000 shares were sold on 12 May 2014 at a price of 754.6667 pence per Ordinary Share.

The shareholding held by Mr. Borrell is unaffected by the exercise and sale of these LTIP shares. Both before and after the exercise and sale Mr. Borrell holds 181,721 shares, representing a beneficial interest in the Company of 0.24% of the current issued share capital.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	[phone]

 

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