Grant of Options

RNS Number : 0935U

Xaar PLC

04 April 2016

 

Xaar plc (the "Company")

Grant of Options

The Company announces that on 1 April 2016 the Executive Directors 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	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
Doug Edwards	Chief Executive Officer	61,539	139,160
Ted Wiggans	Chief Operations Officer	47,179	126,375
Alex Bevis	Chief Financial Officer	34,667	169,200

* Options granted on 1 April 2016 under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 4 March 2016.

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 - Chief Financial Officer	[phone]

 

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