Air Partner PLC Grant of LTIP 2012 awards and PDMR notifications (6041Y)
May 14 2021 - 01:00AM
UK Regulatory
TIDMAIR
RNS Number : 6041Y
Air Partner PLC
14 May 2021
14 May 2021
LEI: 213800JLR6YIRMSCUS98
Air Partner plc
("Air Partner" or the "Company")
Grant of Long-Term Incentive Plan 2012 ("LTIP 2012") awards and
PDMR notifications
Air Partner plc, the global aviation services group, announces
that awards over ordinary shares of 1 pence each in the Company
("Ordinary Shares") were granted under the LTIP 2012 ("Awards") to
the following Persons Discharging Managerial Responsibilities on 13
May 2021:
Director Position Number of Ordinary Percentage Market Price
Shares over which of basic on day preceding
Nil-cost Options salary date of
have been granted grant
Chief Executive
Mark Briffa Officer 337,079 100% 89p
----------------- ------------------- ----------- ------------------
Chief Financial
Joanne Estell Officer 168,539 75% 89p
----------------- ------------------- ----------- ------------------
Awards over Ordinary Shares were also granted over an aggregate
of 490,317 Ordinary Shares to the Company's senior management
team.
The extent to which the Awards become exercisable is determined
by the achievement against the performance conditions measuring the
Company's underlying earnings per share and total shareholder
return over a performance period of three financial years
commencing on 1 February 2021, and the grantee's continued service
during this period. The Awards are subject to a two-year holding
period for the Executives and become exercisable on the fifth
anniversary of the grant.
The notifications below are provided in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mark Briffa
--------------------------------- --------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: 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: 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 Ordinary shares of 1 pence
instrument, type of instrument: each in Air Partner plc
Identification code: GB00BD73628
--------------------------------- --------------------------------------
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): Price(s) Volume(s)
Nil 337,079
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 13 May 2021
--------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Joanne Estell
--------------------------------- --------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: 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: 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 Ordinary shares of 1 pence
instrument, type of instrument: each in Air Partner plc
Identification code: GB00BD73628
--------------------------------- --------------------------------------
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): Price(s) Volume(s)
Nil 168,539
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 13 May 2021
--------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
--------------------------------- --------------------------------------
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
Air Partner 01293 844788
Mark Briffa, CEO
Joanne Estell, CFO
TB Cardew (Financial PR advisor) 020 7930 0777
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, aircraft registry
services, consultancy services for airports and logistics
operations, remote condition monitoring and baggage system
testing.
Air Partner has 16 locations across three continents, with its
headquarters located alongside Gatwick airport in the UK. The group
employs around 420 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.airpartnergroup.com ).
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END
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