Xaar PLC Grant of Options (5295F)
18 May 2017 - 5:56PM
UK Regulatory
TIDMXAR
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* Total no. of options** held post grant
granted over Ordinary
Shares
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 +44 (0)1223 423 663
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 Initial notification
notification
/Amendment
----------------------------------- ------------------------- -----------------------------------------------
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 Ordinary shares of 10 pence
of the each
financial
instrument,
type of
instrument
-----------------------------------
Identification GB0001570810
code
b) Nature Grant of Options under the Xaar
of the plc 2017 Long Term Incentive
transaction Plan
----------------------------------- ------------------------- -----------------------------------------------
c) Price(s)
and volume(s)
----------------------------------- --------- -------------------
Price(s) Volume(s)
----------------------------------- --------- -------------------
1.
nil 255,267
2.
nil 93,193
3.
nil 93,193
--------- -------------------
d) Aggregated
information
-----------------------------------
- Aggregated 1. 255,267
volume
2. 93,193
3. 93,193
- Price 1. nil
2. nil
3. nil
e) Date of 1. 16 May 2017
the transaction
2. 16 May 2017
3. 16 May 2017
------------------------------------------------------------- -----------------------------------------------
f) Place of Outside a trading venue
the transaction
----------------------------------- ------------------------- -----------------------------------------------
Enquiries:
Xaar plc +44 (0) 1223 423 663
This information is provided by RNS
The company news service from the London Stock Exchange
END
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