Air Partner PLC Grant of SAYE Options and PDMR Dealings (4953O)
February 09 2021 - 6:36AM
UK Regulatory
TIDMAIR
RNS Number : 4953O
Air Partner PLC
09 February 2021
LEI: 213800JLR6YIRMSCUS98
9 February 2021
Air Partner Plc
("Air Partner" or "the Company")
Grant of Options under SAYE Scheme and PDMR Dealings
Air Partner, the global aviation services group, is pleased to
announce that it has launched its 2021 Save As You Earn ("SAYE")
share scheme on 9 February 2021.
Eligible employees were invited to subscribe for options over
the Company's Ordinary Shares of 1 pence each ("Shares") at an
exercise price of 54.96 pence, representing a 20% discount to the
closing middle market price of the Shares on 11 January 2021
("Options"), the dealing day before the invitation to participate
was made. The Options have a contract start date of 1 March 2021
and are exercisable between 1 March 2024 and 31 August 2024.
34% of the eligible workforce elected to participate, and
pursuant to these elections a total of 886,217 Shares under Option
have been granted, equating to 1.39% of the current issued share
capital.
Mark Briffa, Chief Executive Officer of the Company, has elected
to participate in the SAYE scheme and is included in the total
figures above. Pursuant to the 2021 SAYE scheme, he has 19,650
Shares under Option. Joanne Estell, Chief Financial Officer of the
Company, has elected to participate in the SAYE scheme and is
included in the total figures above. Pursuant to the 2021 SAYE
scheme, she has 32,751 Shares under Option.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2021 SAYE Scheme:
Director / PDMR Number of Ordinary Option price Option duration
shares under
option
Mark Briffa 19,650 54.96 pence 3 years
------------------- ------------ ---------------
Joanne Estell 32,751 54.96 pence 3 years
------------------- ------------ ---------------
The following notifications, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
detail of the Options granted.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ --------------------------------------------------------------------------------------------------
a. Name Mark Briffa
--------------------------------------------------------
2 Reason for notification
---------------------------------------- --------------------------------------------------------
a. Position/Status Chief Executive Officer and PDMR of Air Partner
Plc
---------------------------------------- --------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- --------------------------------------------------------
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 3 year option over ordinary shares of 1p each
the financial in the capital of Air Partner Plc
instrument, type
of instrument ISIN: GB00BD73628
Identification
Code
---------------------------------------- --------------------------------------------------------
b. Nature of the Grant of options to acquire Air Partner plc
transaction Ordinary shares under the Company's SAYE plan
---------------------------------------- --------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ---------------------------
GBP0.5496 19,650
--------------------------------------------------------------------------- ----------------------
d. Aggregated information
- Aggregated N/a
Volume Nil
- Price
----------------------------------------
e. Date of the transaction 9 February 2021
---------------------------------------- --------------------------------------------------------
f. Place of the Outside a trading venue
transaction
---------------------------------------- --------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------ --------------------------------------------------------------------------------------------------
a. Name Joanne Estell
--------------------------------------------------------
2 Reason for notification
---------------------------------------- --------------------------------------------------------
a. Position/Status Chief Financial Officer and PDMR of Air Partner
Plc
---------------------------------------- --------------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---------------------------------------- --------------------------------------------------------
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 3 year option over ordinary shares of 1p each
the financial in the capital of Air Partner Plc
instrument, type
of instrument ISIN: GB00BD73628
Identification
Code
---------------------------------------- --------------------------------------------------------
b. Nature of the Grant of options to acquire Air Partner plc
transaction Ordinary shares under the Company's SAYE plan
---------------------------------------- --------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---------------------------------------- ---------------------------
GBP0.5496 32,751
--------------------------------------------------------------------------- ----------------------
d. Aggregated information
- Aggregated N/a
Volume Nil
- Price
----------------------------------------
e. Date of the transaction 9 February 2021
---------------------------------------- --------------------------------------------------------
f. Place of the Outside a trading venue
transaction
---------------------------------------- --------------------------------------------------------
S
Enquiries:
Air Partner 01293 844 788
Mark Briffa, Chief Executive
Officer
Joanne Estell, Chief Financial
Officer
TB Cardew (PR Advisor to Air
Partner)
Tom Allison 07789 998 020
Alycia MacAskill 07876 222 703
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group
providing aircraft charter and aviation safety & security
solutions to industry, commerce, governments and private
individuals, across civil and military organisations. The Group has
two divisions: Air Partner Charter, comprising Group Charter,
Private Jets, Freight and Specialist Services; and Air Partner
Safety & Security (formerly Consulting & Training), which
comprises Baines Simmons, Redline Assured Security and Managed
Services.
Group Charter charters large airliners to move groups of any
size. Private Jets offers the Company's unique pre-paid JetCard
scheme and on-demand charter for up to 19 people. Freight charters
aircraft of every size to fly almost any cargo anywhere, at any
time. Specialist Services comprises Air Partner's other aviation
services that complement its Charter business: Remarketing, ACMI,
scheduled group travel, tour operations, air evacuation and flight
operations.
Baines Simmons offers aviation safety management and fatigue
risk management. Redline Assured Security delivers
government-standard security training, consultancy and solutions to
regulated, high value and high threat environments. Managed
Services offers wildlife hazard management and aircraft registry
services.
Air Partner has 16 locations across three continents, with its
headquarters located alongside Gatwick airport in the UK. The group
employs around 450 aviation professionals globally and operates
24/7. Air Partner is listed on the London Stock Exchange (AIR) and
is the only publicly listed air charter broker and aviation safety
& security consultancy. It is ISO 9001:2015 compliant for
commercial airline and private jet solutions worldwide. More
information is available on the company's website
(www.airpartner.com).
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