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Xaar PLC (XAR)

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Wednesday 02 May, 2012

Xaar PLC

Grant of Options

RNS Number : 6009C
Xaar PLC
02 May 2012
 



Xaar plc (the "Company")

Grant of Options

The Company announces that on 1 May 2012 two 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 of Director

No. of options* granted over Ordinary Shares

Total no. of options** held post grant

Ramon Borrell

59,575

495,711




Alex Bevis

45,860

154,078

 

* Options granted under the LTIP scheme.

** Options granted under all schemes.

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.  Options are ordinarily exercisable after 3 years from the date of grant.

These share options were granted as part of the Company's LTIP bonus matching scheme, related to the purchases of shares made by Mr Borrell and Mr Bevis in April 2012.

Enquiries:

Xaar plc


Alex Bevis - Finance Director

01223 423 663

 


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