XAAR PLC

Remuneration Information • Oct 7, 2019

National Storage Mechanism | Additional information

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RNS Number : 0160P

Xaar PLC

07 October 2019

Xaar plc (the "Company")

Grant of Options

The Company announces that on 4 October 2019 an Executive Director of the Company was 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 over Ordinary Shares	Total no of options** held post grant
John Mills	180,328	180,328

* Options granted under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 3 October 2019. It is a joining grant made at the first opportunity following John's start date in August, having joined the Board on 26 September 2019.

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 (50/50 weighting) which must be achieved during a 3 year vesting period. Actual performance targets are considered commercially sensitive and will be disclosed retrospectively.

34% of the vested options are exercisable 3 years after the date of grant, or date of performance conditions vesting if later, with 33% exercisable 4 and 5 years after the date of grant respectively. The options will expire on the tenth anniversary of the date of grant.

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.

Enquiries:

Xaar plc
Camila Cottage, Company Secretary	+44 (0)1223 423 663

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 - Designate
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	180,328
d)	Aggregated information
- Aggregated volume	180,328
- Price	£nil
e)	Date of the transaction	4 October 2019
f)	Place of the transaction	Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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