Director/PDMR Shareholding
Xaar plc has announced the grant of performance share awards and deferred bonus plan awards to its Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer. On May 1, 2026, John Mills received 452,583 performance shares and 55,194 deferred bonus shares, Paul James received 276,132 performance shares and 31,250 deferred bonus shares, and Graham Tweedale received 122,714 performance shares. These awards, valued based on a preceding five-day average share price of £1.392, are subject to vesting conditions related to adjusted profit before tax and total shareholder return, with a two-year post-vesting holding period for the performance awards.
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Xaar the leading inkjet printing technology group, has today been notified of the following transactions in relation to Persons Discharging Managerial Responsibility ("PDMR") in respect of ordinary shares of 10 pence each in the Company ("Shares").
Grant of Performance Share Awards
On 1 May 2026, the following conditional performance awards were granted to each of John Mills, Chief Executive Officer, Paul James, Chief Financial Officer and Graham Tweedale, Chief Operating Officer under the Xaar 2017 Long Term Incentive Plan ("LTIP"). These conditional awards will vest on the third anniversary of grant at nil cost, subject to the following performance conditions: 60% based on adjusted profit before tax ("PBT") and 40% based on relative total shareholder return ("TSR") measured against the Deutsche Numis Smaller Companies Index (excluding Investment Trusts and Financial Services). For each performance element, 25% of the award will vest for median performance, with full vesting for upper‑quartile performance. Vesting will occur on a straight‑line basis between these points. In addition, the awards are subject to a two‑year post‑vesting holding period.
| John Mills | 452,583 |
| Paul James | 276,132 |
| Graham Tweedale | 122,714 |
Grant of Deferred Bonus Plan Awards
On the same date, the following awards were granted to each of John Mills and Paul James under the Deferred Bonus Plan ("DBP"). The DBP Awards are due to vest on the second anniversary of grant at nil cost and are not subject to performance conditions:
| John Mills | 55,194 |
| Paul James | 31,250 |
The preceding five-day average share price, closing on 30 April 2026, of £1.392 was used in determining each of the awards made under the LTIP and DBP.
| 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 and 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 10p each in Xaar Plc | ||||
| Identification code | GB0001570810 | |||||
| b) | Nature of the transaction | Grant of conditional performance share awards under the Long-Term Incentive Plan (LTIP) | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A - single transaction | |||||
| - Price | ||||||
| e) | Date of the transaction | 1 May 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 10p each in Xaar Plc | ||||
| Identification code | GB0001570810 | |||||
| b) | Nature of the transaction | Grant of deferred bonus plan awards under the Deferred Bonus Plan. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A - single transaction | |||||
| - Price | ||||||
| e) | Date of the transaction | 1 May 2026 | ||||
| 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 and 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 10p each in Xaar Plc | ||||
| Identification code | GB0001570810 | |||||
| b) | Nature of the transaction | Grant of conditional performance share awards under the Long-Term Incentive Plan (LTIP) | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A - single transaction | |||||
| - Price | ||||||
| e) | Date of the transaction | 1 May 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 10p each in Xaar Plc | ||||
| Identification code | GB0001570810 | |||||
| b) | Nature of the transaction | Grant of deferred bonus plan awards under the Deferred Bonus Plan. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A - single transaction | |||||
| - Price | ||||||
| e) | Date of the transaction | 1 May 2026 | ||||
| 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 Operations Officer and 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 10p each in Xaar Plc | ||||
| Identification code | GB0001570810 | |||||
| b) | Nature of the transaction | Grant of conditional performance share awards under the Long-Term Incentive Plan (LTIP) | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| - Aggregated volume | N/A - single transaction | |||||
| - Price | ||||||
| e) | Date of the transaction | 1 May 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
Xaar Plc's LEI code is 213800MXEC3KAOBBPO57 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation
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