Xaar PLC Grant of Options (9335J)
05 April 2018 - 6:38PM
UK Regulatory
TIDMXAR
RNS Number : 9335J
Xaar PLC
05 April 2018
Xaar plc (the "Company")
Grant of Options
The Company announces that on 3 April 2018 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**
granted over Ordinary held post grant
Shares
Doug Edwards 309,880 730,189
Lily Liu 103,293 233,697
* Options granted under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 3 April
2018.
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. 34% of the vested options are exercisable 3 years after
the date of grant, with 33% exercisable 4 and 5 years after the
date of grant respectively. The options will expire on the tenth
anniversary of the date of grant.
Enquiries:
Xaar plc
Lily Liu - Chief Financial +44 (0)1223 423
Officer 663
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------------
a) Name 1. Doug Edwards
2. Lily Liu
---- ----------------------------- -----------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
---- ----------------------------- -----------------------------------------
b) Initial notification Initial 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 of Ordinary shares of 10 pence
the financial each
instrument, type
of instrument
----
Identification GB0001570810
code
b) Nature of the Grant of Options under the
transaction Xaar plc 2017 Long Term Incentive
Plan
---- ----------------------------- -----------------------------------------
c) Price(s) and volume(s)
---- ------------------- -----------------
Price(s) Volume(s)
---- ------------------- -----------------
1. GBPnil 1. 309,880
------------------------------------------------------ -----------------
2. GBPnil 2. 103,293
------------------------------------------------------ -----------------
d) Aggregated information
----
- Aggregated volume 1. 309,880
2. 103,293
- Price 1. GBPnil
2. GBPnil
e) Date of the transaction 1. 3 April 2018
2. 3 April 2018
----------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
---- ----------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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