TIDMXAR
RNS Number : 3349V
Xaar PLC
10 December 2021
Xaar plc
The "Grant of Options and Deferred Bonus Share Awards"
announcement released on 15 October 2021 at 11:50am under RNS
Number 2593P should be disregarded.
The nil-cost options granted under the terms of the Xaar 2020
Deferred Bonus Plan will, ordinarily, vest on the dealing day
following the announcement by the Company of its annual results for
2022, not 2023 as previously announced.
All other information remains unchanged.
The full amended announcement is shown below.
Grant of Options and Deferred Bonus Share Awards -
Replacement
Grant of Options
Xaar plc (the "Company") announces that on 14 October 2021 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 293,478 867,349
Ian Tichias 136,957 373,100
Graham Tweedale 82,446 195,127
* Options granted on 14 October 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 14
October 2021.
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 2023 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 are exercisable 2 years after this date.
The options will expire on the tenth anniversary of the date of
grant .
Deferred Bonus Share Awards
The Company announces that on 14 October 2021 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 23,249
Ian Tichias 10,849
This grant was approved by the Remuneration Committee on 14
October 2021.
The nil-cost options reflect the deferred portion of the bonuses
earned for the year ended 30 December 2020, subject to continued
employment, and will, ordinarily, vest on the dealing day following
the announcement by the Company of its annual results for 2022.
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. General Manager Printhead Business
Unit
------------------------------------- ---------------------------------------------
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. 293,478
--------------------------------------------------------------- --------------------
2. GBPnil 2. 136,957
--------------------------------------------------------------- --------------------
3. GBPnil 3. 82,446
--------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 1. 293,478
2. 136,957
3. 82,446
- Price 1. GBPnil
2. GBPnil
3. GBPnil
e) Date of the transaction 1. 14 October 2021
2. 14 October 2021
3. 14 October 2021
------------------------------------- ---------------------------------------------
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. 23,249
---------------------------------------------------------------- ------------------
2. GBPnil 2. 10,849
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 1. 23,249
2. 10,849
- Price 1. GBPnil
2. GBPnil
e) Date of the transaction 1. 14 October 2021
2. 14 October 2021
---------------------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------- -------------------------------------------
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END
DSHMZMMZVGFGMZM
(END) Dow Jones Newswires
December 10, 2021 11:23 ET (16:23 GMT)
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