Last checked at 10 Aug 2016 07:00
Grant of Share Options
Gama Aviation Plc (AIM: GMAA), one of the world's largest business aviation service providers, announces that options over a total of 1,500,000 Ordinary Shares of 1 pence each ("Shares") were granted, at £1.55, on 9 August 2016.
The grant comprises an option over 200,000 Shares each to Kevin Godley, Chief Financial Officer and Stephen Wright, Executive Director, and options over 1,100,000 Shares, in aggregate, to other employees. Following this grant Kevin Godley's and Stephen Wright's interests in Shares are as follows:
Director | Current Options | Options Granted | Total Options | Interest in existing issued Shares |
Kevin Godley | - | 200,000 | 200,000 | 20,000 |
Stephen Wright | - | 200,000 | 200,000 | 263,188 |
The options granted vest in three years dependent on continuing employment.
Following these grants the Company has a total of 1,500,000 Shares under option representing approximately 3.4% of the issued ordinary share capital of the Company.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | Kevin Godley
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2 | Reason for the notification
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a) | Position/status | Chief Financial Officer, Gama Aviation Plc
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b) | Initial Notification Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Gama Aviation Plc
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b) | LEI |
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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 | Option over Ordinary Shares
ISIN - GB00B3ZP1526 | ||||
b) | Nature of the transaction |
Grant of Option
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
200,000 £1.55
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e) | Date of the transaction | 9 August 2016
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f) | Place of the transaction | London Stock Exchange, AIM
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1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | Stephen Wright
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2 | Reason for the notification
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a) | Position/status | Executive Director, Gama Aviation Plc
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b) | Initial Notification Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Gama Aviation Plc
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b) | LEI |
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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 | Option over Ordinary Shares
ISIN - GB00B3ZP1526 | ||||
b) | Nature of the transaction |
Grant of Option
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
200,000 £1.55
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e) | Date of the transaction | 9 August 2016
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f) | Place of the transaction | London Stock Exchange, AIM
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Gama Aviation Plc Marwan Khalek, Chief Executive +44 1252 553043
Citigate Dewe Rogerson +44 207 638 9571 Chris Jarvis, Associate Director Phil Anderson, Executive Director
Jefferies International +44 207 029 8000 (Nominated Advisor & Broker)
Simon Hardy
Harry Nicholas