XAAR PLC

Director's Dealing • Apr 29, 2020

National Storage Mechanism | Additional information

RNS Number : 3320L

Xaar PLC

29 April 2020

Xaar plc (the "Company")

Grant of Options

The Company announces that on 29 April 2020 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
Ian Tichias	50,000	50,000

* Options granted under the LTIP scheme.

** Options granted under all schemes.

This grant was approved by the Remuneration Committee on 20 January 2020. It is a joining grant made at the first opportunity following Ian's start date as Chief Finance Officer on 1 March 2020. The grant is made to compensate Ian for options forfeited when he left his previous employer.

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 Xaar reporting adjusted profit before tax in the financial year 2022.

100% of the vested options are exercisable 3 years after the date of grant, or date of performance conditions vesting if later. 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
Ian Tichias, Chief Finance Officer & 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	Ian Tichias
2	Reason for the notification
a)	Position/status	Chief Finance Officer
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	50,000
d)	Aggregated information
- Aggregated volume	50,000
- Price	£nil
e)	Date of the transaction	29 April 2020
f)	Place of the transaction	Outside a trading venue

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