Grant of Sharesave Options

RNS Number : 2629F
Xaar PLC
03 November 2022
 

Xaar plc

Grant of Sharesave Options

Xaar plc (the "Company") announces that on 3 November 2022 the following persons discharging managerial responsibilities of the Company were granted share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the terms of the Xaar 2017 Sharesave Scheme (the "Scheme"), at an exercise price per Ordinary Share of £1.40:

Name

No. of options* granted over Ordinary Shares

Total no. of options** held post grant




Ian Tichias

3,857

481,641

Graham Tweedale

3,857

243,864

 

* Options granted on 3 November 2022 under the Scheme

** Options granted under all schemes

 

No consideration was paid for the grant of these options.

The options granted under the Scheme are, in normal circumstances, not exercisable until the completion of a 3 year savings period, which will end on 1 December 2025 and will then be exercisable for a period of 6 months. The exercise period will therefore be in normal circumstances, from 1 December 2025 until 31 May 2026.

This notification is made in accordance with DTR 3.1.4 R(1).

 

 

Enquiries:

Xaar plc

+44 (0)1223 423 663

Ian Tichias, Company Secretary

investor.relations@xaar.com

 

 

 

 

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.  Ian Tichias

2.  Graham Tweedale

2

Reason for the notification

a)

Position/status

1.  Chief Financial Officer

2.  Chief Operations Officer

b)

Initial notification /Amendment

Initial Notification

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 financial instrument, type of instrument

Ordinary shares of 10 pence each



Identification code

GB0001570810



b)

Nature of the transaction

Grant of Options under the Xaar plc 2017 Sharesave Scheme

c)

Price(s) and volume(s)







Price(s)

Volume(s)




1.  £1.40

1.  3,857




2.  £1.40

2.  3,857







d)

Aggregated information




- Aggregated volume

1. 3,857

2. 3,857



- Price

1. £1.40

2. £1.40



e)

Date of the transaction

1.  3 November 2022

2.  3 November 2022

f)

Place of the transaction

Outside a trading venue

 

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