Last checked at 14 Nov 2019 13:52
AIREA PLC
("the Company")
Long Term Incentive Plan Awards
AIREA plc (LSE: AIEA), the manufacturer, marketer and distributor of floor coverings, announces that on 14 November 2019, under the terms of the Company's recently established Long Term Incentive Plan ("LTIP"), nil-cost options over 412,500 ordinary shares of 25 pence each in the Company ("Ordinary Shares") were granted to Group Finance Director, Paul Stevenson.
Each award has been granted subject to performance conditions based on the Company's operating profit over a three year period ending 30 June 2022. Each award will, ordinarily, vest on the third anniversary of the grant.
Further details of the LTIP will be provided in the Company's Annual Report and Accounts for the year ending 31 December 2019 to be published in 2020.
AIREA plc
Martin Toogood, Chairman 01924 266561
N+1 Singer, Nominated Adviser and Broker
Peter Steel / Ben Farrow 0207 496 3000
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Paul Stevenson | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Group Finance Director) | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | AIREA plc | |
b) | LEI | 213800FNWL76NCLZU343 | |
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 | Ordinary Shares of 25 pence each | |
| Identification code | GB00BW9PJQ87 | |
b) | Nature of the transaction | Grant of options over Ordinary Shares pursuant to the Company's long term incentive plan | |
c)
| Price(s) and volume(s)
| Price | Volume |
Nil cost | 412,500 options over Ordinary Shares | ||
d) | Aggregated information - Aggregated volume - Price
|
N/a | |
e) | Date of the transaction | 14 November 2019 | |
f) | Place of the transaction | Outside a trading venue | |
Name of authorised official of issuer responsible for making notification:
Paul Stevenson
Company Secretary to AIREA plc