XAR Xaar Plc

TIDMXAR

RNS Number : 8996M

Xaar PLC

23 August 2011

Xaar plc (the "Company")

Directors' Dealings

On 21 August 2011 a number of LTIP shares granted to directors on 21 August 2008 under the Xaar plc 2007 Long Term Incentive Plan matured. Of the total, 32.4% vested, with the remainder of 67.6% lapsing due to failure to meet the full performance criteria. The table below provides a summary of movements in option holdings:

 
                                   Number of 
                                        LTIP 
                                      shares                       As % of the 
                                      lapsed                           current 
                 Number of LTIP       August     Total number of        issued 
                  shares vested         2011   options held post         share 
                    August 2011    (exercise         transaction    capital of 
                (exercise price        price   (various exercise           the 
                        GBPnil)      GBPnil)             prices)       Company 
 Ian 
  Dinwoodie              55,372      115,528             868,941         1.19% 
 Phil Eaves              34,720       72,439             652,693         0.90% 
 Ramon 
  Borrell                27,535       57,453             375,719         0.52% 
 

The Company was notified that on 22 August 2011 the above directors sold a number of ordinary shares of 10 pence each ("Ordinary Shares") related to the vested LTIPs as summarised in the table below:

 
                                                                As % of the 
                         Number of             Beneficial    current issued 
                   Ordinary Shares            interest in     share capital 
                              sold   Price    the Company    of the Company 
 Ian Dinwoodie              55,372   265.5        197,327             0.27% 
 Phil Eaves                 34,720   265.5         22,249             0.03% 
 Ramon Borrell              12,666   265.5        129,799             0.18% 
 

Enquiries:

 
 Xaar plc 
 Alex Bevis - Finance Director   +44 (0) 1223 423 
                                              663 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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