Xaar PLC Grant of Options (9335J)

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   [phone] 
 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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April 05, 2018 04:38 ET (08:38 GMT)