Last checked at 17 Apr 2014 12:39
Xaar plc (the "Company")
The 'Director/PDMR Shareholding' announcement released on 17/04/2014 at 12:08 under RNS No 0932F incorrectly stated the number of LTIP options granted on 11 April 2011 to Ian Dinwoodie. The correct number of LTIP options granted is "88,889". The full corrected announcement is reproduced below.
Director/PDMR Shareholding - Replacement
The Company has been notified of a number of transactions related to Xaar plc's 2007 Long Term Incentive Plan ("LTIP"). The transactions are summarised in the table below.
Name | Role | LTIP options granted on 11 April 2011 | No. of shares exercised and sold | Transaction date | Sale price per share | Share holding before & after the transaction | Beneficial interest in the Company |
Ian Dinwoodie | CEO | 88,889 | 88,889 | 16 April 2014 | 832 pence | 57,449 | 0.08% |
Alex Bevis | Finance Director | 43,556 | 30,000 | 16 April 2014 | 832 pence | 46,617 | 0.06% |
Ramon Borrell | Director of R&D - Thin Film | 60,844 | 60,844 | 17 April 2014 | 850 pence | 181,721 | 0.24% |
Mark Alexander | Director of Marketing | 25,822 | 25,822 | 17 April 2014 | 850 pence | 4,084 | 0.005% |
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The shares referred to above are Xaar plc ordinary shares of 10 pence each ("Ordinary Shares"). The options had been granted on 11 April 2011 under the Xaar plc 2007 Long Term Incentive Plan ("LTIP") and vested on 11 April 2014, having met the performance criteria in full. The exercise price under the LTIP was nil pence per Ordinary Share.
The Company has also been notified that on 17 April 2014, Phil Lawler, Chairman of the Company, sold 1,500 Xaar plc Ordinary Shares of 10 pence each at a price of 850 pence per Ordinary Share. Following this transaction, Mr Lawler's beneficial interest in the Company is 99,930 Ordinary Shares, representing a beneficial interest in the Company of 0.13% of the current issued share capital.
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Enquiries:
Xaar plc
Alex Bevis - Finance Director
 +44 (0) 1223 423 663
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