Xaar PLC Grant of Options and Deferred Bonus Share Awards (6909H)
07 Abril 2022 - 10:50AM
UK Regulatory
TIDMXAR
RNS Number : 6909H
Xaar PLC
07 April 2022
Xaar plc
Grant of Options and Deferred Bonus Share Awards
Grant of Options
Xaar plc (the "Company") announces that on 6 April 2022 the
persons discharging managerial responsibilities of the Company were
granted the following nil priced share options over ordinary shares
of 10 pence each in the Company ("Ordinary Shares") under the terms
of the Xaar 2017 Long Term Incentive Plan ("LTIP"):
Name No. of options* granted Total no. of options**
over Ordinary Shares held post grant
John Mills 207,932 1,087,225
Ian Tichias 92,414 477,784
Graham Tweedale 59,299 240,007
* Options granted on 6 April 2022 under the LTIP scheme.
** Options granted under all schemes, including the deferred
bonus shares detailed below.
This grant was approved by the Remuneration Committee on 6 April
2022.
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 the performance criteria of EPS and TSR
(60%/40% weighting respectively) which must be achieved during a 3
year vesting period. Actual performance targets are considered
commercially sensitive and will be disclosed retrospectively.
The options vest on the dealing day following the announcement
by the Company of its annual results for 2024 or, if later, the
date on which the Remuneration Committee determines whether the
performance condition and any other condition has been satisfied
(in whole or in part), and for the Executive Directors these are
exercisable 2 years after this date (for the other persons
discharging managerial responsibilities, these are exercisable on
vesting). The options will expire on the tenth anniversary of the
date of grant.
Deferred Bonus Share Awards
The Company announces that on 6 April 2022 the Executive
Directors of the Company were granted the following nil-cost share
options over ordinary shares of 10 pence each in the Company
("Ordinary Shares") under the terms of the Xaar 2020 Deferred Bonus
Plan (the "Plan"):
Name No. of deferred bonus share
awards granted over Ordinary
Shares
John Mills 11,944
Ian Tichias 6,689
This grant was approved by the Remuneration Committee on 6 April
2022.
The nil-cost options reflect the deferred portion of the bonuses
earned for the year ended 31 December 2021, subject to continued
employment, and will, ordinarily, vest on the dealing day following
the announcement by the Company of its annual results for 2023.
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation is appended below and gives
further details on the transactions described above.
This notification is made in accordance with DTR 3.1.4 R(1).
Enquiries:
Xaar plc +44 (0)1223 423 663
Camila Cottage, Company Secretary investor.relations@xaar.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. John Mills
2. Ian Tichias
3. Graham Tweedale
------------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Operations Officer
------------------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Xaar plc
------------------------------------- ------------------------------------------
b) LEI 213800MXEC3KAOBBPO57
------------------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
Identification code GB0001570810
b) Nature of the transaction Grant of Options under the Xaar plc
2017 Long Term Incentive Plan
------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
1. GBPnil 1. 207,932
-------------------------------------------------------------- ------------------
2. GBPnil 2. 92,414
-------------------------------------------------------------- ------------------
3. GBPnil 3. 59,299
-------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 1. 207,932
2. 92,414
3. 59,299
- Price 1. GBPnil
2. GBPnil
3. GBPnil
e) Date of the transaction 1. 6 April 2022
2. 6 April 2022
3. 6 April 2022
-------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. John Mills
2. Ian Tichias
-------------------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
-------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Xaar plc
-------------------------------------- -------------------------------------------
b) LEI 213800MXEC3KAOBBPO57
-------------------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary shares of 10 pence each
financial instrument,
type of instrument
Identification code GB0001570810
b) Nature of the transaction Grant of options under the Xaar 2020
Deferred Bonus Plan
-------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
-------------------- ------------------
Price(s) Volume(s)
-------------------- ------------------
1. GBPnil 1. 11,944
---------------------------------------------------------------- ------------------
2. GBPnil 2. 6,689
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 1. 11,944
2. 6,689
- Price 1. GBPnil
2. GBPnil
e) Date of the transaction 1. 6 April 2022
2. 6 April 2022
---------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------- -------------------------------------------
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