Xaar plcLSE: XAR

Xaar: Two grants of options in 2019 and 2020

· Issued by Xaar plc

Summary by 6ix AI

Xaar plc, an inkjet printing technology group, disclosed that two option grants made to Chief Operating Officer Graham Tweedale, one on April 30, 2019 and one on April 29, 2020, were not announced to the market when they were made.

Key details

  • The April 30, 2019 grant was options over 20,000 ordinary shares of 10 pence each, at a price of £nil, under the Xaar plc 2017 Long Term Incentive Plan, made outside a trading venue.
  • The April 29, 2020 grant was options over 75,000 ordinary shares of 10 pence each, at a price of nil, under the same 2017 Long Term Incentive Plan, made outside a trading venue.
  • Xaar plc says all its public disclosures since the grants, including its financial statements, counted these options when stating the number of shares under option.
  • The disclosures were made as notifications to the FCA (the UK Financial Conduct Authority) under the UK Market Abuse Regulation, which requires reporting of dealings by people with managerial responsibility.

6ix AI wrote this summary from the release below and checked it against the release.

23 September 2026

Xaar plc

Two grants of options in 2019 and 2020

Xaar plc, (the "Company"), a leading inkjet printing technology group, makes the following announcement.

It has come to the Company's attention that two historic option grants, made to a Person Discharging Managerial Responsibility ("PDMR"), one in 2019 and one in 2020, were not the subject of an announcement to the market at the time.

Notwithstanding the failure to disclose these two option grants noted above, all public disclosures by the Company since the dates of these grants, whether in the Company's financial statements or otherwise, included these option grants when referring to the number of ordinary shares of 10 pence each in the Company under option.

The two FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below and give further details on the transactions described above.

Enquiries:

Warren Smith - Company Secretary

Tel: +44 (0) 1223 423 663

E mail: [email protected]

Xaar Plc's LEI code is 213800MXEC3KAOBBPO57

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Graham Tweedale

2.

Reason for the notification

a.

Position/status

Chief Operating Officer - PDMR

b.

Initial notification /Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Names

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

Identification code

Ordinary shares of 10 pence each

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

20,000

d.

Aggregated information

·    Aggregated volume

·    Price

20,000

£nil

e.

Date of the transaction

30 April 2019

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Graham Tweedale

2.

Reason for the notification

a.

Position/status

Chief Operating Officer - PDMR

b.

Initial notification /Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Names

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

Identification code

Ordinary shares of 10 pence each

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

75,000

d.

Aggregated information

·    Aggregated volume

·    Price

75,000nil

e.

Date of the transaction

29 April 2020

f.

Place of the transaction

Outside a trading venue

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