Grant of options under SAYE Scheme

RNS Number : 1121E

Xaar PLC

03 November 2020

 

Xaar plc (the "Company")

Grant of Options - Sharesave (SAYE)

The Company announces that on 2 November 2020 the following persons discharging managerial responsibilities of the Company were granted share options over ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") under the terms of the 2017 Sharesave Scheme (the "Scheme"), at an exercise price per Ordinary Share of £1.02:

Name	Role	No. of options* granted over Ordinary Shares	Total no. of options** held following grant
John Mills	Chief Executive Officer	5,294	550,622
Ian Tichias	Chief Finance Officer	5,294	225,294

* Options granted on 2 November 2020 under the Scheme

** Options granted over Ordinary Shares under all schemes

No consideration was paid for the grant of these options.

The options granted under the Scheme are, in normal circumstances, not exercisable until the completion of a 3 year savings period, which will end on 1 December 2023 and will then be exercisable for a period of 6 months. The exercise period will therefore be in normal circumstances, from 1 December 2023 until 31 May 2024.

This notification is made in accordance with DTR 3.1.4 R(1).

Enquiries:

Xaar plc
Ian Tichias Chief Finance Officer & Company Secretary	01223 423 663

 

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