17th Apr 2014 10:59
LONDON (Alliance News) - Xaar PLC said Thursday that as a result of the purchase of shares at a price of 866.4 pence per share by the Xaar Share Incentive Plan, six members of the Executive team acquired the following number of shares in the company on Wednesday:
Name of Director | 2013 Bonus invested in the SIP | No. of Ordinary Shares acquired by the SIP as Partnership shares using the 2013 Bonus | No. of Ordinary Shares acquired by the SIP as Matching share awards | Total No. of Ordinary Shares acquired through the SIP | Total beneficial interest in Ordinary Shares of Xaar plc following the SIP acquisition | % beneficial interest held in Xaar plc following the SIP acquisition |
Alex Bevis | £1,500 | 173 | 173 | 346 | 46,617 | 0.06% |
Ted Wiggans | £1,500 | 173 | 173 | 346 | 9,680 | 0.01% |
Richard Barham | £1,500 | 173 | 173 | 346 | 6,980 | 0.01% |
Ramon Borrell | £1,500 | 173 | 173 | 346 | 181,721 | 0.24% |
Brian James | £1,500 | 173 | 173 | 346 | 346 | 0.00% |
Mark Alexander | £1,500 | 173 | 173 | 346 | 4,084 | 0.005% |
In accordance with the terms of the SIP, the persons named above were awarded Matching shares equal to the number of Partnership shares purchased. The Matching shares will vest on the third anniversary of the date of the award subject to continued employment for those three years.
Shares in Xaar were up 1.6% at 875.50 pence per share Thursday.
By Henry Quintana
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