XAR Xaar Plc

TIDMXAR

RNS Number : 9796S

Xaar PLC

30 September 2014

Xaar plc (the "Company")

Grant of Options - Share Save

The Company announces that on 29 September 2014 the following persons discharging managerial responsibilities of the Company were granted share options over ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") under the terms of the 2007 Share Save Scheme (the "Scheme"), at an exercise price per Ordinary Share of GBP3.38:

 
 Name                 Role                No. of           Total no. 
                                           options*         of options** 
                                           granted          held following 
                                           over Ordinary    grant 
                                           Shares 
-------------------  ------------------  ---------------  ---------------- 
                      Operations 
                       and Quality 
 Ted Wiggans           Director                    5,325           188,755 
-------------------  ------------------  ---------------  ---------------- 
                      Sales and 
                       Marketing 
 Richard Barham        Director                    2,662           128,743 
-------------------  ------------------  ---------------  ---------------- 
                      Chief Technical 
 Edmund Creutzmann     Officer                     5,325            24,791 
-------------------  ------------------  ---------------  ---------------- 
 Alex Bevis           Finance Director             5,325           208,069 
-------------------  ------------------  ---------------  ---------------- 
                      Director of 
                       R&D - Bulk 
 Brian James           Piezo                       5,325            20,217 
-------------------  ------------------  ---------------  ---------------- 
                      Director of 
 Mark Alexander        Marketing                   1,065            56,913 
-------------------  ------------------  ---------------  ---------------- 
 

* Options granted on 29 September 2014 under the Scheme

** Options granted over Ordinary Shares under all schemes

No consideration was paid for the grant of these options.

The options granted under the Scheme are, in normal circumstances, not exercisable until the completion of a 3 year savings period, which will end on 1 November 2017 and will then be exercisable for a period of 6 months. The exercise period will therefore be in normal circumstances, from 1 November 2017 until 30 April 2018.

This notification is made in accordance with DTR 3.1.4 R(1).

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

END

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