Grant of Options

RNS Number : 5367J

Xaar PLC

07 April 2015

 



Xaar plc (the "Company")

Grant of Options

The Company announces that on 2 April 2015 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	Role	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Doug Edwards	Chief Executive Officer	73,305	73,305
Ted Wiggans	Operations and Quality Director	44,716	233,471
Richard Barham	Sales and Marketing Director	44,716	173,459
Edmund Creutzmann	Chief Technical Officer	42,761	67,552
Alex Bevis	Finance Director	41,295	249,364
Jim Brault	Chief Human Resources Officer	41,295	41,295

* Options granted on 2 April 2015 under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 12 February 2015.

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.

Enquiries:

Xaar plc
Alex Bevis - Finance Director	01223 423 663

 

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