Two grants of options in 2019 and 2020

Summary by AI BETAClose X

Xaar plc has announced the belated disclosure of two option grants made in 2019 and 2020 to a Person Discharging Managerial Responsibility. The first grant on 30 April 2019 involved 20,000 ordinary shares at nil cost under the 2017 Long Term Incentive Plan, and the second grant on 29 April 2020 involved 75,000 ordinary shares, also at nil cost. While these grants were not announced at the time, they were consistently included in all subsequent public disclosures regarding the number of shares under option.

Disclaimer*

Xaar PLC
23 September 2026
 

23 September 2026

Xaar plc

 

Two grants of options in 2019 and 2020

 

Xaar plc, (the "Company"), a leading inkjet printing technology group, makes the following announcement.

It has come to the Company's attention that two historic option grants, made to a Person Discharging Managerial Responsibility ("PDMR"), one in 2019 and one in 2020, were not the subject of an announcement to the market at the time.

 

Notwithstanding the failure to disclose these two option grants noted above, all public disclosures by the Company since the dates of these grants, whether in the Company's financial statements or otherwise, included these option grants when referring to the number of ordinary shares of 10 pence each in the Company under option.

The two FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below and give further details on the transactions described above.

 

Enquiries:

 

Warren Smith - Company Secretary

Tel: +44 (0) 1223 423 663

E mail: investor.relations@xaar.com

Xaar Plc's LEI code is 213800MXEC3KAOBBPO57

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Graham Tweedale

2.

Reason for the notification

a.

Position/status

Chief Operating Officer - PDMR

b.

Initial notification /Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Names

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

 

Identification code

Ordinary shares of 10 pence each

 

 

 

GB0001570810

 

b.

Nature of the transaction

Grant of Options under the Xaar plc 2017 Long Term Incentive Plan

c.

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

20,000

 

 

d.

Aggregated information

·    Aggregated volume

·    Price

 

 

20,000

£nil

 

e.

Date of the transaction

30 April 2019

f.

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Graham Tweedale

2.

Reason for the notification

a.

Position/status

Chief Operating Officer - PDMR

b.

Initial notification /Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Names

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

 

Identification code

Ordinary shares of 10 pence each

 

 

 

GB0001570810

 

b.

Nature of the transaction

Grant of Options under the Xaar plc 2017 Long Term Incentive Plan

c.

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

75,000

 

 

d.

Aggregated information

·    Aggregated volume

·    Price

 

 

75,000nil

 

e.

Date of the transaction

29 April 2020

f.

Place of the transaction

Outside a trading venue

 

 

 

 

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