Grant of Options

RNS Number : 0053F

Xaar PLC

17 May 2013

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 15 May 2013 three executive directors 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 of Director	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Ramon Borrell	16,904	536,611
Ted Wiggans	3,773	154,275
Alex Bevis	15,641	205,248

* 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.

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, Mr Wiggans and Mr Bevis in April and May 2013.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	01223 423 663

 

END

 

 

RDSLLFLIEDIDLIV