TIDMXAR
RNS Number : 7001Q
Xaar PLC
16 April 2009
Xaar plc (the "Company")
Grant of Options
The Company has granted 287,500 share options to its non-Director staff under
the terms of the Xaar plc 2004 Share Option Scheme (the "Scheme").
In order to facilitate the grant of these options, the Directors have decided to
surrender the following options that they hold in the Company under the Scheme.
This surrender by the Directors of their options enables the Company to grant
the 287,500 share options to non-Director staff with a significantly reduced
cash impact, as fewer shares will be required to be bought into the Xaar ESOP
trust.The surrendered options have not been replaced and the Directors have
received no compensation for such surrender.
+----------------+---------------+--------------+----------------+
| Name of |Date of grant | Price (GBP) | No. of Scheme |
| Director | | | options |
| | | | surrendered |
| | | | |
+----------------+---------------+--------------+----------------+
| Andrew Taylor | 15/09/2005 | 2.74 | 41,953 |
+----------------+---------------+--------------+----------------+
| Ian Dinwoodie | 15/09/2005 | 2.74 | 98,540 |
+----------------+---------------+--------------+----------------+
| Greg Lockett | 15/09/2005 | 2.74 | 58,394 |
+----------------+---------------+--------------+----------------+
Following the surrender, the Directors hold the following Scheme options:
+----------------+------------------+
| Name of | No. of Scheme |
| Director | options |
| |outstanding post |
| | surrender |
| | |
+----------------+------------------+
| Phil Eaves | 250,000 |
+----------------+------------------+
| Andrew Taylor | 84,532 |
+----------------+------------------+
| Ian Dinwoodie | 453,958 |
+----------------+------------------+
| Greg Lockett | 50,000 |
+----------------+------------------+
Enquiries:
Xaar plc +44 (0) 1223 423 663
Andrew Taylor - Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
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