Grant of Options

RNS Number : 5295F

Xaar PLC

18 May 2017

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 16 May 2017 the 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 2017 Long Term Incentive Plan ("LTIP"):

Name	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Doug Edwards	255,267	449,164
Lily Liu	125,172	125,172
Edward Wiggans	93,193	185,088

* Options granted under the LTIP scheme.

** Options granted under all schemes.

 This grant was approved by the Remuneration Committee on 16 May 2017.

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 when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant.

Enquiries:

Xaar plc
Lily Liu - Chief Financial Officer		[phone]
1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Name		1.    Doug Edwards 2.    Lily Liu 3.    Edward Wiggans
2	Reason for the notification
a)	Position/status		1.    Chief Executive Officer 2.    Chief Financial Officer 3.    Chief Operational Officer
b)	Initial notification /Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Xaar Plc
b)	LEI		213800MXEC3KAOBBPO57
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument		Ordinary shares of 10 pence each
	Identification code		GB0001570810
b)	Nature of the transaction		Grant of Options under the Xaar plc 2017 Long Term Incentive Plan
c)	Price(s) and volume(s)
				Price(s)		Volume(s)
				1.    nil 2.    nil 3.    nil		255,267 93,193 93,193
d)	Aggregated information
	- Aggregated volume		1. 255,267 2. 93,193 3. 93,193
	- Price		1. nil 2. nil 3. nil
e)	Date of the transaction		1.    16 May 2017 2.    16 May 2017 3.    16 May 2017
f)	Place of the transaction		Outside a trading venue

Enquiries:

Xaar plc	[phone]

 

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