Grant of Options

RNS Number : 6100B

Xaar PLC

04 April 2013

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 2 April 2013 the 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
Ian Dinwoodie	54,588	469,300
Ramon Borrell	34,118	519,707
Ted Wiggans	38,118	150,502
Alex Bevis	35,529	189,607
Richard Barham	39,059	105,726

* Options granted under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 14 February 2013. 

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.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	01223 423 663

 

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