Information  X 
Enter a valid email address

Xansa PLC (XAN)

  Print      Mail a friend

Tuesday 23 July, 2002

Xansa PLC

Director Shareholding

Xansa PLC
23 July 2002


TO:     Regulatory News Service
        The London Stock Exchange



Re:  Chapter 16, Paragraph 13 of CONTINUING OBLIGATIONS

Xansa plc (the "Company") announces that the following executive directors were
notified today that they had been granted options based on the average middle
market quotation over the five dealing days commencing 27 June to 3 July 2002
inclusive over the Company's ordinary shares of 5 pence each ("Ordinary Shares")
under the rules of the Xansa All Employee International Share Option Scheme at
an exercise price of 103.6 pence each.


Name of Director                              Number of Options Granted

Mrs L K Barrat                                        50,000
Mrs J L Connell                                       50,000
Mrs H M Cropper                                       50,000
Mr S Srivastava                                       25,000
Mr S R Weston                                         50,000
Mr A L Wood                                           80,000


These options become exercisable during the period from 4 July 2005 to 3 July
2009 inclusive subject to the following performance condition being achieved:

Options will become exercisable on the achievement of growth in the Company's
earnings per share over the three-year period from the date of grant as follows:


• 50% of options become exercisable if average earnings per share
  growth per annum equals or exceeds UK Retail Price Index plus 4% over a
  three-year period.

• 75% of options become exercisable if average earnings per share
  growth per annum equals or exceeds UK Retail Price Index plus 5% over a
  three-year period.

• 100% of options become exercisable if average earnings per share
  growth per annum equals or exceeds UK Retail Price Index plus 6% over a
  three-year period.



If the performance condition to exercise all or a percentage of the options has
not been achieved at the end of the three-year period, it will be measured again
at the end of the fourth year and again at the end of the fifth year over the
period from date of grant.  If the performance condition is not met at the end
of the five-year period the options or any balance outstanding which have not
become exercisable, will lapse.

As a result of the above, these directors' interests over options in the
Company's Ordinary Shares are as follows:


Name:                                                 Number of Options

Mrs L K Barrat                                             152,959
Mrs J L Connell                                            241,085
Mrs H M Cropper                                            228,868
Mr S Srivastava                                             55,340
Mr S R Weston                                              238,666
Mr A L Wood                                                185,382



23 July 2002




                      This information is provided by RNS
            The company news service from the London Stock Exchange