6 Nov 2013 07:00
Air Partner PLC
("Air Partner" or "the Group" or "the Company")
Board Change and PDMR share dealing
Tony Mack, Non-Executive Director of Air Partner, has announced his intention to retire from the Board at the AGM in June 2014. Although retiring, Mr Mack, the 64 year old son of the late Tony Mack Senior, who founded Air Partner in 1961, has accepted the honorary position of Life President reflecting his commitment and support to Air Partner throughout 40 years of service.
As part of his retirement planning Mr Mack has sold 360,067 ordinary shares of 5p ("Ordinary Shares"), at a trade price of 500p, on 4 November 2013. Air Partner was advised of the disposal on 5 November 2013. Following the transaction, Mr Mack now has interest in 700,000 Ordinary Shares or 6.8% of the total voting rights of the Company. The total number of Ordinary Shares in issue is 10,261,693. Mr Mack has made this disposal for retirement and tax planning purposes.
Mark Briffa, CEO of Air Partner said: "I am delighted that Tony has accepted the position of Life President. As a people business, commitment and service are very important to Air Partner, and Tony's appointment recognises his contribution to the Group over the last 40 years."
Commenting on his pending retirement, Tony Mack said: "My father started Air Partner in 1961 and I have worked at the company in an executive and non-executive capacity for over 40 years. Looking back I feel a great sense of pride for what has been achieved by everyone at Air Partner. Air Partner has a strong management team and is well positioned for further growth. As a significant shareholder and Life President I look forward to continuing my association with Air Partner. "
Richard Everitt, Chairman of Air Partner commented: "On behalf of the Board and indeed everyone at Air Partner, I express my gratitude to Tony who has been a part of Air Partner for the majority of its history having served as Managing Director, Chairman and more recently as Non-Executive Director. I am delighted that he has accepted the role of Life President upon retirement from the Board and look forward to his continuing contribution to the Company."
6 November 2013
Enquiries:
Air Partner 01293 844788
Graeme Manning (Company Secretary)
Temple Bar Advisory (Financial PR advisor) 020 7002 1080
Tom Allison (07789 998020) or Joanna Crawford
About Air Partner:
Air Partner has been trading for over 50 years and is a world leading provider of aviation charter services to industry, commerce, governments and individuals worldwide. The Group is globally recognised as a leading charter broker and organises ad hoc aircraft charters of every type for any reason. Its three main divisions comprise Air Partner Freight, Air Partner Commercial Jets and Air Partner Private Jets. The Commercial Jets division charters commercial airliners to move groups of any size. Private Jets offers the company's pre-paid JetCard scheme and on-demand charter for individuals and smaller parties. With its headquarters alongside Gatwick airport in the UK, Air Partner operates 24/7 year-round and employs 200 aviation professionals across its 21 offices spanning Europe, North America, the Far East and Middle East. Air Partner is the only company in the aviation industry to hold a Royal Warrant, a globally recognised mark of excellence. www.airpartner.com