12 Jul 2017 15:25
12 July 2017
Air Partner plc
Grant of Options/PDMR and PCA dealings
Air Partner plc (the Company), the global aviation services group, announces that the following awards over ordinary shares of 1p each in Air Partner plc were granted under the Air Partner 2012 Long Term Incentive Plan to the following Persons Discharging Managerial Responsibilities (PDMR) on 10 July 2017:
PDMR | Position | Number of Ordinary Shares over which Nil-cost Options have been granted | Market Price on day preceding date of grant | Percentage of basic salary |
Mark Briffa | Chief Executive Officer | 173,611 | 108p | 75% |
Neil Morris | Chief Financial Officer | 57,222 | 108p | 40% |
The awards will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service and to the extent to which the performance conditions set for each award are satisfied.
The Company also announces that it has received notification on 12 July 2017 that Neil Morris, Chief Financial Officer and PDMR, acquired 6,000 ordinary shares of 1p each in the Company through his ISA at a price of 107p per share. In addition, the Company was also notified that on 12 July 2017, Neil Morris' wife, purchased 4,000 ordinary shares of 1p each in the Company through her ISA at a price of 107p per share.
As a result, Neil Morris holds 6,000 ordinary shares, representing 0.012 per cent of the total voting rights of the Company. His total interest in the Company, including his wife's holding, is 10,000 ordinary shares, representing 0.019 per cent of the total voting rights of the Company.
Details of the full notifications received by the Company in accordance with the requirements of the EU Market Abuse Regulation are set out below.
1 | Details of the person discharging managerial responsibilities ("PDMR") or persons closely associated with them ("PCA") | |||||
a) | Name
| Mark Briffa
| ||||
2 | Reason for Notification | |||||
a) | Position/status
| Chief Executive Officer
| ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Air Partner plc | ||||
b) | LEI
| 213800JLR6YIRMSCUS98 | ||||
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 1 pence each in Air Partner plc
GB00BD736828 | ||||
b) | Nature of the transaction
| Grant of nil cost option award under the Air Partner 2012 Long Term Share Incentive Plan to acquire ordinary shares of 1p each in Air Partner plc | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price
|
Not applicable - single transaction | ||||
e) | Date of the transaction
| 10 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities ("PDMR") or persons closely associated with them ("PCA") | |||||
a) | Name
| Neil Morris
| ||||
2 | Reason for Notification | |||||
a) | Position/status
| Chief Financial Officer
| ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Air Partner plc | ||||
b) | LEI
| 213800JLR6YIRMSCUS98 | ||||
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 1 pence each in Air Partner plc
GB00BD736828 | ||||
b) | Nature of the transaction
| Grant of nil cost option award under the Air Partner 2012 Long Term Share Incentive Plan to acquire ordinary shares of 1p each in Air Partner plc | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price
|
Not applicable - single transaction | ||||
e) | Date of the transaction
| 10 July 2017 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
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 1 pence each in Air Partner plc
GB00BD736828 | ||||
b) | Nature of the transaction
| Purchase of ordinary shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price
|
Not applicable - single transaction | ||||
e) | Date of the transaction
| 12 July 2017 | ||||
f) | Place of the transaction
| London Stock Exchange | ||||
Details of the person discharging managerial responsibilities ("PDMR") or persons closely associated with them ("PCA") | |||||
Name
| Rosamond Morris
| ||||
Reason for Notification | |||||
Position/status
| PCA of Chief Financial Officer
| ||||
Initial notification/Amendment | Initial Announcement | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name
| Air Partner plc | ||||
LEI
| 213800JLR6YIRMSCUS98 | ||||
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 | |||||
Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 1 pence each in Air Partner plc
GB00BD736828 | ||||
Nature of the transaction
| Purchase of ordinary shares | ||||
Price(s) and volume(s)
|
| ||||
Aggregated information - Aggregated volume - Price
|
Not applicable - single transaction | ||||
Date of the transaction
| 12 July 2017 | ||||
Place of the transaction
| London Stock Exchange | ||||
Ends
Enquiries |
|
Air Partner | 01293 844788 |
Mark Briffa, CEO |
|
Neil Morris, CFO Kate Patrick, Investor Relations |
|
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Temple Bar Advisory (Financial PR advisor) | 020 7002 1080 |
Tom Allison | 07789 998 020 |
Ed Orlebar |
|
Alycia MacAskill
|
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About Air Partner:
Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions: Broking division, comprising air charter broking and remarketing; and the Consulting & Training division, comprising the aviation safety consultancies, Baines Simmons and Clockwork Research. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Broking) and Consulting & Training (Baines Simmons and Clockwork Research). The Commercial Jet division charters large airliners to move groups of any size. Air Partner Remarketing, which is formed within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in aviation safety consulting specialising in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2008 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com