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Director/PDMR Shareholding - SIP Purchase

15 Apr 2016 09:59

RNS Number : 3409V
Xaar PLC
15 April 2016
 

Xaar plc (the "Company")

Director/PDMR Shareholding - SIP Purchase

The Company announces that as a result of purchases of ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 489 pence per Ordinary Share by the Xaar plc Share Incentive Plan (the "SIP") on 14 April 2016, the following Executive Directors of the Company acquired the following number of Ordinary Shares in the Company:

Name of Director

2015 Bonus invested in the SIP

No. of Ordinary Shares acquired by the SIP as Partnership shares using the 2015 Bonus

No. of Ordinary Shares acquired by the

SIP as Matching share awards

Total No. of Ordinary Shares acquired through the SIP

Total beneficial interest in Ordinary Shares of Xaar plc following the SIP acquisition

% beneficial interest held in Xaar plc following the SIP acquisition

Doug Edwards

£1,800

368

368

736

26,821

0.035%

Alex Bevis

£1,800

368

368

736

58,558

0.075%

 

In accordance with the terms of the SIP, the persons named above were awarded Matching shares equal to the number of Partnership shares purchased. The Matching shares will vest on the third anniversary of the date of the award subject to continued employment for those three years.

 

All of the shares purchased by the SIP were acquired via transfer from the Xaar plc ESOP.

 

Enquiries:

Xaar plc

Alex Bevis - Chief Financial Officer

+44 (0) 1223 423 663

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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