Last checked at 30 Sep 2014 09:12
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 £3.38:
Name | Role | No. of options* granted over Ordinary Shares | Total no. of options** held following grant |
Ted Wiggans | Operations and Quality Director | 5,325 | 188,755 |
Richard Barham | Sales and Marketing Director | 2,662 | 128,743 |
Edmund Creutzmann | Chief Technical Officer | 5,325 | 24,791 |
Alex Bevis | Finance Director | 5,325 | 208,069 |
Brian James | Director of R&D - Bulk Piezo | 5,325 | 20,217 |
Mark Alexander | Director of 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 |