XAAR PLC

Director's Dealing • Jun 5, 2020

National Storage Mechanism | Additional information

RNS Number : 0084P

Xaar PLC

05 June 2020

Xaar plc (the "Company")

Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS

The Company announces that on 4 June 2020 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 Xaar 2017 Long Term Incentive Plan ("LTIP"):

Name	No. of options* granted over Ordinary Shares	Total no. of options** held post grant
John Mills	365,000	545,328
Ian Tichias	170,000	220,000

* Options granted under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 1 June 2020.

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 certain specific and stretching performance criteria which must be achieved prior to vesting, which is 3 years after the date of grant. The vested options are exercisable after a further 2 year holding period. 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	+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	1.   John Mills 2.   Ian Tichias
2	Reason for the notification
a)	Position/status	1.   Chief Executive Officer 2.   Chief Finance Office
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)
		1.   £nil	1.   365,000
		2.   £nil	2.   170,000
d)	Aggregated information
- Aggregated volume	1. 365,000 2. 170,000
- Price	1. £nil 2. £nil
e)	Date of the transaction	4 June 2020
f)	Place of the transaction	London Stock Exchange (XLON)

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