Business
Grant of Options
Grant of Options.
About this update from Xaar Plc
[{"type":"text","content":"\n \n \n RNS Number : 0084P\n Xaar PLC\n 05 June 2020\n \n \n \n \n Xaar plc (the \"Company\") \n \n \n Director/PDMR Shareholding\n \n \n NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS\n \n \n The Company announces that on 4 June 2020 the Executive Directors 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\"):\n \n \n \n \n \n \n Name\n \n \n \n \n No. of options* granted over Ordinary Shares\n \n \n \n \n Total no. of options** held post grant\n \n \n \n \n \n \n John Mills\n \n \n \n \n 365,000\n \n \n \n \n 545,328\n \n \n \n \n \n \n Ian Tichias\n \n \n \n \n 170,000\n \n \n \n \n 220,000\n \n \n \n \n \n \n \n \n \n * Options granted under the LTIP scheme.\n \n \n ** Options granted under all schemes.\n \n \n This grant was approved by the Remuneration Committee on 1 June 2020.\n \n \n 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 and stretching performance criteria which must be achieved prior to vesting, which is 3 years after the date of grant. The vested options are exercisable after a further 2 year holding period. The options will expire on the tenth anniversary of the date of grant.\n \n \n The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation is appended below and gives further details on the transactions described above.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n Xaar plc\n \n \n \n \n +44 (0)1223 423 663\n \n \n \n \n \n \n Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n \n \n \n \n \n \n \n \n 1 \n \n \n \n \n \n \n \n Details of the person discharging managerial responsibilities / person closely associated \n \n \n \n \n \n \n \n \n \n a) \n \n \n \n \n \n \n \n Name \n \n \n \n \n \n \n \n \n \n \n 1. \n John Mills\n \n \n 2. \n Ian Tichias\n \n \n \n \n \n \n 2 \n \n \n \n \n \n \n \n Reason for the notification \n \n \n \n \n \n \n \n \n...