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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 | 12,961 | 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 : 0160P
Xaar PLC
07 October 2019
Xaar plc (the "Company")
Grant of Options
The Company announces that on 4 October 2019 an Executive Director of the Company was 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 John Mills 180,328 180,328 ----------------------- ----------------------
* Options granted under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 3 October 2019. It is a joining grant made at the first opportunity following John's start date in August, having joined the Board on 26 September 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 the performance criteria of EPS and TSR (50/50 weighting) which must be achieved during a 3 year vesting period. Actual performance targets are considered commercially sensitive and will be disclosed retrospectively.
34% of the vested options are exercisable 3 years after the date of grant, or date of performance conditions vesting if later, 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.
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 John Mills --------------------------------------- ------------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------------------- a) Position/status Chief Executive Officer - Designate --------------------------------------- ------------------------------------------ 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) ------------------- ------------------ GBPnil 180,328 ---------------------------------------------------------------- ------------------ d) Aggregated information - Aggregated volume 180,328 - Price GBPnil e) Date of the transaction 4 October 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
DSHLLFELIELDIIA
(END) Dow Jones Newswires
October 07, 2019 07:57 ET (11:57 GMT)
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