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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xaar Plc | LSE:XAR | London | Ordinary Share | GB0001570810 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 118.50 | 112.50 | 118.50 | 214 | 08:00:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Printing, Nec | 72.78M | 1.63M | 0.0208 | 56.97 | 93.12M |
TIDMXAR
RNS Number : 7273X
Xaar PLC
01 May 2019
Xaar plc (the "Company")
Grant of Options
The Company announces that on 30 April 2019 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 Xaar 2017 Long Term Incentive Plan ("LTIP"):
Name No. of options* granted Total no. of options** over Ordinary Shares held post grant Doug Edwards 309,880 919,477 Shomit Kenkare 103,293 113,293
* Options granted under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 15 April 2019.
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 and stretching 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.
Taking into account the current share price and the recent decline, the Remuneration Committee has used its discretion to scale back the grant from the maximum allowed in the policy.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.
Enquiries:
Xaar plc Camila Cottage, Company Secretary +44 (0)1223 423 663
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Doug Edwards 2. Shomit Kenkare ------------------------------------- ------------------------------------------ 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 the Ordinary shares of 10 pence each financial instrument, type of instrument 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. 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. 30 April 2019 2. 30 April 2019 ------------------------------------------------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------- ------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHLIFLAEVILIIA
(END) Dow Jones Newswires
May 01, 2019 05:15 ET (09:15 GMT)
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