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Xaar PLC (XAR)

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Thursday 16 April, 2009

Xaar PLC

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    +44 (0) 1223 423 663


Andrew Taylor - Finance Director 


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