Business
REPLACEMENT: Grant of Options
REPLACEMENT: Grant of Options.
About this update from Xaar Plc
[{"type":"text","content":"\n \nRNS Number : 5483F Xaar PLC 18 May 2017 \n\nXaar plc (the \"Company\")\nThe \"Grant of Options\" announcement released on 18 May 2017 at 08:56 under RNS No 5295F should be disregarded. The volume in section 4(c)(2) has been amended to show 125,172. All other information remains unchanged.\nThe full amended announcement is shown below.\nGrant of Options\nThe Company announces that on 16 May 2017 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 2017 Long Term Incentive Plan (\"LTIP\"):\n\n\n\n\nName\n\n\nNo. of options* granted over Ordinary Shares\n\n\nTotal no. of options** held post grant\n\n\n\n\nDouglas Edwards\n\n\n255,267\n\n\n449,164\n\n\n\n\nLili Liu\n\n\n125,172\n\n\n125,172\n\n\n\n\nEdward Wiggans\n\n\n93,193\n\n\n185,088\n\n\n\n\n \n* Options granted under the LTIP scheme.\n** Options granted under all schemes.\n This grant was approved by the Remuneration Committee on 16 May 2017.\nNo 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 when the options are ordinarily exercisable. The options will expire on the tenth anniversary of the date of grant.\n \nEnquiries:\n\n\n\n\nXaar plc\n\n\n \n\n\n \n\n\n\n\nLily Liu - Chief Financial Officer\n\n\n +44 (0)1223 423 663\n\n\n \n\n\n\n\n \n \n\n\n \n\n\n \n\n\n\n\n1 \n \n\n\nDetails of the persons discharging managerial responsibilities / person closely associated \n \n\n\n\n\na) \n \n\n\nName \n \n \n\n\n1. Douglas Edwards\n2. Lili Liu\n3. Edward Wiggans\n\n\n\n\n2 \n \n\n\nReason for the notification \n \n\n\n\n\na) \n \n\n\nPosition/status \n \n \n\n\n1. Chief Executive Officer\n2. Chief Financial Officer\n3. Chief Operational Officer\n\n\n\n\nb) \n \n\n\nInitial notification /Amendment \n \n \n\n\nInitial notification\n\n\n\n\n3 \n \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auction...