Last checked at 4 Apr 2014 09:13
Xaar plc (the "Company")
Grant of Options
The Company announces that on 2 April 2014 the Executive team 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 | Xaar plc Director | No. of options* granted over Ordinary Shares
| Total no. of options** held post grant |
Ian Dinwoodie | Chief Executive Officer | Yes | 28,921 | 258,648 |
Ted Wiggans | Operations and Quality Director | Yes | 20,355 | 174,630 |
Richard Barham | Sales and Marketing Director | Yes | 20,355 | 126,081 |
Edmund Creutzmann | Chief Technical Officer | Yes | 19,466 | 19,466 |
Alex Bevis | Finance Director | Yes | 18,798 | 224,046 |
Ramon Borrell | Director of R&D - Thin Film | No | 11,601 | 285,949 |
Brian James | Director of R&D - Bulk Piezo | No | 10,511 | 11,972 |
Mark Alexander | Director of Marketing | No | 7,362 | 79,767 |
* Options granted on 2 April 2014 under the LTIP scheme.
** Options granted under all schemes.
This grant was approved by the Remuneration Committee on 13 February 2014.
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 - Finance Director and Company Secretary | 01223 423 663 |