28 June
2024
AIREA plc
("AIREA",
the "Group" or the "Company")
Long Term Incentive Plan
Awards
AIREA plc (AIM: AIEA), the
UK design-led specialist flooring company,
supplying both the UK and international markets, announces that on 26 June 2024,
under the terms of the Company's established Long Term Incentive
Plan ("LTIP"), nil-cost options over ordinary shares of 25 pence
each in the Company ("Ordinary Shares") were granted to
Médéric Payne (Chief
Executive Officer) and Conleth Campbell (Chief Financial Officer),
each a person discharging managerial responsibilities, as
follows:
|
Director/PDMR
|
Existing Number of options granted pursuant to the
LTIP
|
New
options granted pursuant to the LTIP
|
Total Number of options over Ordinary Shares pursuant to the
LTIP
|
|
Médéric Payne
|
500,000
|
120,000
|
620,000
|
|
Conleth Campbell
|
0
|
250,000
|
250,000
|
Each award has been granted subject
to performance conditions based on the Company's earnings before
interest, tax and depreciation ("EBITDA") and share price
performance over a three-year period ending 31 December 2025.
Each award will, ordinarily, vest on 31 December 2025 and is
capable of exercise between 1 January 2026 and 15 December
2032.
Further details of the LTIP were
provided in the Company's Annual Report and Accounts for the year
ending 31 December 2023 published on 26 March 2024.
- Ends -
For
further information please contact:
|
AIREA plc
Médéric Payne, Chief Executive
Officer
Conleth Campbell, Chief Financial
Officer
|
Tel: +44 (0) 192 426 6561
|
|
Singer Capital Markets
(Nominated Adviser and Sole Broker)
Peter Steel / Sam Butcher
|
Tel: +44 (0) 20 7496 3000
|
|
Northstar Communications
(Financial media and PR)
Sarah Hollins
|
Tel: +44 (0) 7764 947137
|
Notes to Editors
AIREA plc is a UK design-led
specialist flooring company, supplying both UK and international
markets. Since 2007, the Group has been focused solely on
floor coverings and enjoys a strong and growing brand position
within the commercial flooring market.
The Group's core brand Burmatex® is
one of the UK's leading designers and manufacturers of commercial
carpet tiles and planks. Burmatex® focuses on the design and
creation of sustainable innovative flooring solutions to meet the
needs of architects, specifiers and contractors with a continuously
developing range to suit the education, leisure, commercial,
hospitality and public sectors. The brand was acquired by AIREA in
1984.
The Group was admitted to trading on
AIM of the London Stock Exchange on 12 December 2007.
For further information, please
visit: https://aireaplc.com/.
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
|
Médéric Payne
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
PDMR (Chief Executive
Officer)
|
|
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
|
Options
over 120,000 Ordinary Shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/a
|
|
e)
|
Date of the transaction
|
26 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Conleth Campbell
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
PDMR (Chief Financial
Officer)
|
|
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
|
Options
over 250,000 Ordinary Shares
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/a
|
|
e)
|
Date of the transaction
|
26 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|