Xaar PLC Director/PDMR Shareholding - SIP Purchase (5086C)

TIDMXAR

RNS Number : 5086C

Xaar PLC

18 April 2017

Xaar plc (the "Company")

Director/PDMR Shareholding - SIP Purchase

The Company announces that as a result of purchases of ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 370 pence per Ordinary Share by the Xaar plc Share Incentive Plan (the "SIP") on 13 April 2017, the following Executive Directors of the Company acquired the following number of Ordinary Shares in the Company:

 
 Name               2016         No. of          No.          Total         Total        % beneficial 
  of Director       Bonus       Ordinary      of Ordinary     No. of      beneficial       interest 
                  invested       Shares         Shares       Ordinary      interest         held in 
                   in the       acquired       acquired       Shares      in Ordinary      Xaar plc 
                     SIP         by the         by the       acquired       Shares         following 
                                 SIP as           SIP        through        of Xaar         the SIP 
                               Partnership    as Matching    the SIP     plc following    acquisition 
                                 shares          share                      the SIP 
                                  using         awards                    acquisition 
                                the 2016 
                                  Bonus 
--------------  -----------  -------------  -------------  ----------  ---------------  ------------- 
 Doug 
  Edwards         GBP1,800        486            486           972          33,885          0.043% 
--------------  -----------  -------------  -------------  ----------  ---------------  ------------- 
 

In accordance with the terms of the SIP, the persons named above were awarded Matching shares equal to the number of Partnership shares purchased. The Matching shares will vest on the third anniversary of the date of the award subject to continued employment for those three years.

All of the shares purchased by the SIP were acquired via transfer from the Xaar plc ESOP.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ----------------------------------------------------------------- 
 a)    Name 
                                       Doug Edwards 
----  ----------------------------  ----------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------- 
 a)    Position/status               Chief Executive 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 
---- 
                                     GB0001570810 
---- 
       Identification 
        code 
 
 b)    Nature of the                 Purchase of shares 
        transaction 
----  ----------------------------  ----------------------------------- 
 c)    Price(s) and volume(s) 
----                                     ------------  ------------ 
                                          Price(s)      Volume(s) 
----                                     ------------  ------------ 
                                          3.70          486 
                                           0             486 
                                         ------------  ------------ 
 
 d)    Aggregated information 
---- 
 
       - Aggregated volume           486 
                                      486 
 
       - Price                       3.70 
                                      0 
 
 e)    Date of the transaction       13/4/2017 
----  ----------------------------  ----------------------------------- 
 f)    Place of the transaction      London Stock Exchange (XLON) 
----  ----------------------------  ----------------------------------- 
 

Enquiries:

 
Xaar plc [phone] 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 18, 2017 02:00 ET (06:00 GMT)