Grant of Options

RNS Number : 7001Q

Xaar PLC

16 April 2009

 

Xaar plc (the 'Company')

Grant of Options

The Company has granted 287,500 share options to its non-Director staff under the terms of the Xaar plc 2004 Share Option Scheme (the 'Scheme').  

In order to facilitate the grant of these options, the Directors have decided to surrender the following options that they hold in the Company under the Scheme.  This surrender by the Directors of their options enables the Company to grant the 287,500 share options to non-Director staff with a significantly reduced cash impact, as fewer shares will be required to be bought into the Xaar ESOP trust.  The surrendered options have not been replaced and the Directors have received no compensation for such surrender.

Name of Director	Date of grant	Price (£)	No. of Scheme options surrendered
Andrew Taylor	15/09/2005	2.74	41,953
Ian Dinwoodie	15/09/2005	2.74	98,540
Greg Lockett	15/09/2005	2.74	58,394

Following the surrender, the Directors hold the following Scheme options:

Name of Director	No. of Scheme options outstanding post surrender
Phil Eaves	250,000
Andrew Taylor	84,532
Ian Dinwoodie	453,958
Greg Lockett	50,000

Enquiries: 

Xaar plc    [phone]

Andrew Taylor - Finance Director 

 

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