Business
Notification of Transactions of Directors & PDMRs
Notification of Transactions of Directors & PDMRs.
About this update from Xaar Plc
7 May 2025 Xaar plc Notification of Transactions of Directors and PDMRs Xaar plc (the "Company") announces that the Directors and Person Discharging Managerial Responsibilities (" PDMR ") listed below were granted awards on 6 May 2025 over ordinary 10 pence shares in the Company (" Shares ") under the Company's 2017 Long Term Incentive Plan. Name of Director/PDMR Number of Shares awarded John Mills (Executive Director) 612,791 Paul James (Executive Director) 373,878 Graham Tweedale (PDMR) 166,151 The price used to calculate the number of Shares awarded above was £1.003 per Share, this being the Company's average closing share price over the two business days from 1 May 2025 to 2 May 2025 inclusive. The awards have been granted subject to performance conditions. Adjusted aPBT, Revenue and relative TSR performance will be used to measure performance over a three-year period to 31 December 2027 with a further two-year holding period following the end of the performance period (for the executive directors). As for 2024, given the turnaround position of the Company, the Board considers the aPBT and Revenue performance targets for the LTIP awards to be granted in 2025 to be commercially sensitive information at this time but, as in past years, will fully disclose the exact measurements retrospectively. The TSR performance condition will be the same as for the awards granted in 2024, as set out in the 2024 Annual Report. 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 Julia Crane, Company Secretary [email protected] 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 John Mills 2 Reason for the notification a) Position/status Chief Executive Officer & Executive Director b) Initial notification /Amendment Initial Notification 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 financial instrument, type of instrument Ordinary shares of 10 pence each 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) £nil 612,791 d) Aggregated information - Aggregated volume 612,791 - Price £nil e) Date of the transaction 6 May 2025 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Paul James 2 Reason for the notification a) Position/status Chief Financial Officer & Executive Director b) Initial notification /Amendment Initial Notification 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 financial instrument, type of instrument Ordinary shares of 10 pence each 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) £nil 373,878 d) Aggregated information - Aggregated volume 373,878 - Price £nil e) Date of the transaction 6 May 2025 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Graham Tweedale 2 Reason for the notification a) Position/status Chief Operating Officer & PDMR b) Initial notification /Amendment Initial Notification 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 financial instrument, type of instrument Ordinary shares of 10 pence each 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) £nil 166,151 d) Aggregated information - Aggregated volume 166,151 - Price £nil e) Date of the transaction 6 May 2025 f) Place of the transaction Outside a trading venue