Grant of Options

RNS Number : 0669E

Xaar PLC

04 April 2014

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 2 April 2014 the Executive team of the Company were granted the following share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the terms of the 2007 Long Term Incentive Plan ("LTIP"):

Name	Role	Xaar plc Director	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Ian Dinwoodie	Chief Executive Officer	Yes	28,921	258,648
Ted Wiggans	Operations and Quality Director	Yes	20,355	174,630
Richard Barham	Sales and Marketing Director	Yes	20,355	126,081
Edmund Creutzmann	Chief Technical Officer	Yes	19,466	19,466
Alex Bevis	Finance Director	Yes	18,798	224,046
Ramon Borrell	Director of R&D - Thin Film	No	11,601	285,949
Brian James	Director of R&D - Bulk Piezo	No	10,511	11,972
Mark Alexander	Director of Marketing	No	7,362	79,767

* Options granted on 2 April 2014 under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 13 February 2014.

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, when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant.

Enquiries:

Xaar plc
Alex Bevis - Finance Director and Company Secretary	01223 423 663

 

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