Notification of Transactions of Directors & PDMRs
Directors and PDMR granted LTIP awards totalling 1.15m shares subject to performance conditions through 31 December 2027.
- Shares awarded to John Mills 612,791
- Shares awarded to Paul James 373,878
- Shares awarded to Graham Tweedale 166,151
- Price used for calculation £1.003 per share
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Xaar plc (the "Company") announces that the Directors and Person Discharging Managerial Responsibilities ("PDMR") listed below were granted awards on 6 May 2025 over ordinary 10 pence shares in the Company ("Shares") under the Company's 2017 Long Term Incentive Plan.
| Name of Director/PDMR | Number of Shares awarded |
|---|---|
| John Mills (Executive Director) | 612,791 |
| Paul James (Executive Director) | 373,878 |
| Graham Tweedale (PDMR) | 166,151 |
The price used to calculate the number of Shares awarded above was £1.003 per Share, this being the Company's average closing share price over the two business days from 1 May 2025 to 2 May 2025 inclusive.
The awards have been granted subject to performance conditions. Adjusted aPBT, Revenue and relative TSR performance will be used to measure performance over a three-year period to 31 December 2027 with a further two-year holding period following the end of the performance period (for the executive directors). As for 2024, given the turnaround position of the Company, the Board considers the aPBT and Revenue performance targets for the LTIP awards to be granted in 2025 to be commercially sensitive information at this time but, as in past years, will fully disclose the exact measurements retrospectively. The TSR performance condition will be the same as for the awards granted in 2024, as set out in the 2024 Annual Report.
This notification is made in accordance with DTR 3.1.4 R(1).
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | John Mills |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer & Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Xaar plc |
| b) | LEI | 213800MXEC3KAOBBPO57 |
| 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 | 612,791 | |
| d) | Aggregated information | |
| - Aggregated volume | 612,791 | |
| - Price | £nil | |
| e) | Date of the transaction | 6 May 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Paul James |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer & Executive Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Xaar plc |
| b) | LEI | 213800MXEC3KAOBBPO57 |
| 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 | 373,878 | |
| d) | Aggregated information | |
| - Aggregated volume | 373,878 | |
| - Price | £nil | |
| e) | Date of the transaction | 6 May 2025 |
| 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 |
| a) | Name | Xaar plc |
| b) | LEI | 213800MXEC3KAOBBPO57 |
| 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 | 166,151 | |
| d) | Aggregated information | |
| - Aggregated volume | 166,151 | |
| - Price | £nil | |
| e) | Date of the transaction | 6 May 2025 |
| f) | Place of the transaction | Outside a trading venue |
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