Last checked at 17 Apr 2014 11:20
Xaar plc (the "Company")
Director/PDMR Shareholding - SIP Purchase
The Company announces that as a result of purchases of ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 866.4 pence per Ordinary Share by the Xaar plc Share Incentive Plan (the "SIP") on 16 April 2014, six members of the Executive team acquired the following number of Ordinary Shares in the Company:
Name of Director | 2013 Bonus invested in the SIP | No. of Ordinary Shares acquired by the SIP as Partnership shares using the 2013 Bonus | No. of Ordinary Shares acquired by the SIP as Matching share awards | Total No. of Ordinary Shares acquired through the SIP | Total beneficial interest in Ordinary Shares of Xaar plc following the SIP acquisition | % beneficial interest held in Xaar plc following the SIP acquisition |
Alex Bevis | £1,500 | 173 | 173 | 346 | 46,617 | 0.06% |
Ted Wiggans | £1,500 | 173 | 173 | 346 | 9,680 | 0.01% |
Richard Barham | £1,500 | 173 | 173 | 346 | 6,980 | 0.01% |
Ramon Borrell | £1,500 | 173 | 173 | 346 | 181,721 | 0.24% |
Brian James | £1,500 | 173 | 173 | 346 | 346 | 0.00% |
Mark Alexander | £1,500 | 173 | 173 | 346 | 4,084 | 0.005% |
In accordance with the terms of the SIP, the persons named above were awarded Matching shares equal to the number of Partnership shares purchased. The Matching shares will vest on the third anniversary of the date of the award subject to continued employment for those three years.
All of the shares purchased by the SIP were acquired via transfer from the Xaar plc ESOP.
Enquiries:
Xaar plc
Alex Bevis - Finance Director 01223 423 663