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23 Aug 2011 16:14
Xaar plc (the "Company")
Directors' Dealings
On 21 August 2011 a number of LTIP shares granted to directors on 21 August 2008 under the Xaar plc 2007 Long Term Incentive Plan matured. Of the total, 32.4% vested, with the remainder of 67.6% lapsing due to failure to meet the full performance criteria. The table below provides a summary of movements in option holdings:
Number of LTIP shares vested August 2011 (exercise price £nil) | Number of LTIP shares lapsed August 2011 (exercise price £nil) | Total number of options held post transaction (various exercise prices) | As % of the current issued share capital of the Company | ||
Ian Dinwoodie | 55,372 | 115,528 | 868,941 | 1.19% | |
Phil Eaves | 34,720 | 72,439 | 652,693 | 0.90% | |
Ramon Borrell | 27,535 | 57,453 | 375,719 | 0.52% |
The Company was notified that on 22 August 2011 the above directors sold a number of ordinary shares of 10 pence each ("Ordinary Shares") related to the vested LTIPs as summarised in the table below:
Number of Ordinary Shares sold | Price | Beneficial interest in the Company | As % of the current issued share capital of the Company | ||
Ian Dinwoodie | 55,372 | 265.5 | 197,327 | 0.27% | |
Phil Eaves | 34,720 | 265.5 | 22,249 | 0.03% | |
Ramon Borrell | 12,666 | 265.5 | 129,799 | 0.18% |
Enquiries:
Xaar plc | |
Alex Bevis - Finance Director | +44 (0) 1223 423 663 |
Xaar (XAR)
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