Last checked at 4 Apr 2016 13:58
Xaar plc (the "Company")
Grant of Options
The Company announces that on 1 April 2016 the Executive Directors of the Company were granted the following share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") under the terms of the 2007 Long Term Incentive Plan ("LTIP"):
Name | Role | No. of options* granted over Ordinary Shares
| Total no. of options** held post grant |
Doug Edwards | Chief Executive Officer | 61,539 | 139,160 |
Ted Wiggans | Chief Operations Officer | 47,179 | 126,375 |
Alex Bevis | Chief Financial Officer | 34,667 | 169,200 |
* Options granted on 1 April 2016 under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 4 March 2016.
No consideration was paid for the grant of any of the options, or is due on the exercise of options granted under the LTIP scheme. These options carry certain specific performance criteria which must be achieved prior to vesting, which is 3 years after the date of grant, when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant.
Enquiries:
Xaar plc | |
Alex Bevis - Chief Financial Officer | +44 (0) 1223 423 663 |