Business
Director Share and Option Award
XP Factory plc has awarded Non-Executive Chairman James van den Bergh share options tied to performance hurdles over a four-year period, with the potential to acquire 1,047,860 shares if the company's share price reaches 100% of 12 pence for 30 consecutive business days, and an additional 2,127,474 shares if it reaches 200% of that price. The exercise price will be adjusted downwards if an equity raise occurs below 12 pence. Additionally, Mr. van den Bergh will receive his £65,000 annual salary in shares, initially calculated at the 12 pence exercise price. Disclaimer*
About this update from Xp Factory Plc
[{"type":"text","content":"\n\n19 May 2026\n \nXP Factory plc (AIM: XPF)\n \n(\"XP Factory\" or the \"Company\")\n \nDirector Share and Option Award\n \n \nXP Factory plc (AIM: XPF) announces that, on 30 January 2026, ahead of his appointment as a director and Non-Executive Chairman of the Company (announced on 2 February 2026), the Company awarded James van den Bergh certain share options. The option awards were granted on an incentive basis, such that, over a four-year performance period, should the Company’s share price achieve a performance hurdle of (a) 100% of 12 pence (which was the three-month average share price at the time of Mr van den Bergh’s appointment) (the “Exercise Price”) for a period of 30 consecutive business days, he would have the option to acquire 1,047,860 shares in the Company at the Exercise Price and (b) 200% of the Exercise Price for a period of thirty consecutive business days, he would have the option to acquire a further 2,127,474 shares in the Company at the Exercise Price. In the event that the Company pursues an equity raise during the performance period at a price lower than 12 pence, the Exercise Price will be adjusted to this price.\nUpon exercise, the applicable option shares will be issued in equal monthly instalments over the twelve months following the exercise date. Upon a change of control event of the Company, the above option awards vest immediately.\nIn addition, the Company confirms that Mr van den Bergh will be taking his £65,000 annual salary in shares in lieu of cash (“Salary Shares”), calculated at the Exercise Price for the first year and the price to be reviewed annually thereafter. It is intended the Salary Shares will be paid upon the anniversary of appointment. \n \nEnquiries:\n \n\n\n\n\n XP Factory Plc\n https://www.xpfactory.com/\n Richard Harpham (Chief Executive Officer)\n\n\n +44 (0) 20 7846 3322\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\n\nPanmure Liberum (Broker, NOMAD and Financial Adviser)\nEd Thomas\nChris Clarke\nSatbir Kler\nIzzy Trow\n \n\n\n +44 (0) 20 3100 2000\n\n\n\n\n \n\n","length":8105,"tagName":"div"}]