TIDMBBA
RNS Number : 6586S
BBA Aviation PLC
12 March 2019
12 March 2019
Director / PDMR Shareholding
The following announcement and notification is made in
accordance with Article 19 of the EU Market Abuse Regulation.
Deferred Stock Plan Release
1 Mark Johnstone (Group Chief Executive) received a conditional
share award on 11 March 2016 under the Company's Deferred Stock
Plan. The forfeiture provision attached to the conditional share
award lifted on 11 March 2019.
42,270 conditional award shares, being the number of shares net
of applicable tax, were released at nil cost to Mr Johnstone today
in accordance with the Plan Rules.
2 David Crook (Group Finance Director), received a conditional
share award and a synergy share award on 11 March 2016 under the
Company's Deferred Stock Plan. The forfeiture provision attached to
the share awards lifted on 11 March 2019.
23,164 conditional award shares and 8,459 synergy award shares,
being the number of shares net of applicable tax, were released at
nil cost to Mr Crook today in accordance with the Plan Rules.
Long-Term Incentive Plan Release
1 Mark Johnstone (Group Chief Executive) received a conditional
share award on 11 March 2016 under the Company's Long-Term
Incentive Plan. The performance condition attaching to this
conditional share award was tested and 46.87% of the award vested
today.
Mr Johnstone received a total of 34,087 shares net of applicable
tax. Under the linked award 5,973 shares were released in
accordance with the Plan rules and immediately sold with the funds
being used to pay the exercise price on 7,291 approved options at
an option price of 192.83 pence per share. Mr Johnstone retains
4,208 approved options net of applicable tax. Under the conditional
award he received 29,879 shares net of applicable tax.
2 David Crook (Group Finance Director) received a conditional
share award on 11 March 2016 under the Company's Long-Term
Incentive Plan. The performance condition attaching to this
conditional share award was tested and 46.87% of the award vested
today.
Mr Crook received 18,655 shares net of applicable tax.
Total Beneficial Holdings
Mr Johnstone's total beneficial holding including those of his
connected persons following the transactions set out above is
302,932 shares.
Mr Crook's total beneficial holding including those of his
connected persons following the transactions set out above is
62,606 shares.
Deferred Stock Plan - Share Award Grant
The following conditional share awards over BBA Aviation plc
ordinary shares of 29(16/21) pence each were made on 12 March 2019
to the directors listed below under the Company's Deferred Stock
Plan.
Number of shares subject to conditional
award
Mark Johnstone (Group Chief
Executive) 294,683
David Crook (Group Finance Director) 173,242
The conditional share awards are subject to forfeiture if the
directors leave within three years of the awards. The awards are
also subject to an additional holding period of 2 years from the
date on which the awards vest.
Long-Term Incentive Plan - Share Award Grant
The following conditional share awards over BBA Aviation plc
ordinary shares of 29(16/21) pence each were made on 12 March 2019
to the directors listed below under the Company's Long-Term
Incentive Plan.
Number of shares subject to conditional
award
Mark Johnstone (Group Chief Executive) 454,632
David Crook (Group Finance Director) 244,928
The conditional share awards are subject to the achievement of
performance conditions and if they vest will be released at nil
cost in accordance with the Plan Rules. The awards are also subject
to an additional holding period of 2 years from the date on which
the awards vest.
The forms required under the EU Market Abuse Regulation
follow.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Johnstone
--------------------------- ------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Group Chief Executive
--------------------------- ------------------------------------------------
b) Initial Notification Initial notification
/ Amendment
--------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name BBA Aviation plc
--------------------------- ------------------------------------------------
b) LEI 2138001T2QEV5RXMFI32
--------------------------- ------------------------------------------------
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 Ordinary Shares
the financial instrument, ISIN: GB00B1FP8915
type of instrument
and Identification
code
--------------------------- ------------------------------------------------
b) Nature of transaction Vesting of 42,270 net of tax conditional
award shares granted under the Deferred
Stock Plan.
Vesting of 5,973 linked award shares granted
under the Long-Term Incentive Plan which
are then sold.
Exercise of 7,291 of approved options at
192.83 pence granted under the Executive
Share Option Plan (of which 3,083 are withheld
for tax) with the net number being 4,208.
Vesting of 29,879 net of tax conditional
award shares granted under the Long-Term
Incentive Plan
--------------------------- ------------------------------------------------
c) Price(s) and volume(s) 42,270 shares acquired under the Deferred
Stock Plan at nil cost
5,973 shares acquired under the Long-Term
Incentive Plan at nil cost (Linked Element)
and
7,291 approved options shares acquired under
the Executive Share Option Plan at 192.83
pence per share
29,870 shares acquired under the Long-Term
Incentive Plan at nil cost (Conditional
Award Element)
------------------------------------------------
d) Aggregated information: See above
Volume, Price
------------------------------------------------
e) Date of the transaction 12 Mach 2019
------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Crook
--------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Finance Director
--------------------------- -------------------------------------------
b) Initial Notification Initial notification
/ Amendment
--------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name BBA Aviation plc
--------------------------- -------------------------------------------
b) LEI 2138001T2QEV5RXMFI32
--------------------------- -------------------------------------------
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 Ordinary Shares
the financial instrument, ISIN: GB00B1FP8915
type of instrument
and Identification
code
--------------------------- -------------------------------------------
b) Nature of transaction Vesting of 23,164 net of tax conditional
award shares granted under the Deferred
Stock Plan
Vesting of 8,459 net of tax synergy award
shares granted under the Deferred Stock
Plan
Vesting of 18,655 net of tax conditional
award shares granted under the Long-Term
Incentive Plan
--------------------------- -------------------------------------------
c) Price(s) and volume(s) 31,623 shares acquired under the Deferred
Stock Plan at nil cost
---------------------------
18,655 shares acquired under the Long-Term
Incentive Plan at nil cost
--------------------------- -------------------------------------------
d) Aggregated information:
Volume, Price See above
--------------------------- -------------------------------------------
e) Date of the transaction 12 March 2019
--------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Johnstone
------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Group Chief Executive
------------------------- ---------------------------------------------
b) Initial Notification Initial notification
/ Amendment
------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name BBA Aviation plc
------------------------- ---------------------------------------------
b) LEI 2138001T2QEV5RXMFI32
------------------------- ---------------------------------------------
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 Conditional awards over Ordinary Shares
financial instrument, ISIN: GB00B1FP8915
type of instrument
and Identification
code
------------------------- ---------------------------------------------
b) Nature of transaction Conditional share awards made under the
Company's Deferred Stock Plan and Long-Term
Incentive Plan
------------------------- ---------------------------------------------
c) Price(s) and volume(s) Award over 294,683 conditional shares under
the Deferred Stock Plan
-------------------------
Award over 454,632 conditional shares under
the Long-Term Incentive Plan
------------------------- ---------------------------------------------
d) Aggregated information:
Volume, Price
------------------------- ---------------------------------------------
e) Date of the transaction 12 March 2019
------------------------- ---------------------------------------------
f) Place of the transaction Grant of share awards occurred outside
a trading venue
------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Crook
------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Group Finance Director
------------------------- ---------------------------------------------
b) Initial Notification Initial notification
/ Amendment
------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name BBA Aviation plc
------------------------- ---------------------------------------------
b) LEI 2138001T2QEV5RXMFI32
------------------------- ---------------------------------------------
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 Conditional awards over Ordinary Shares
financial instrument, ISIN: GB00B1FP8915
type of instrument
and Identification
code
------------------------- ---------------------------------------------
b) Nature of transaction Conditional share awards made under the
Company's Deferred Stock Plan and Long-Term
Incentive Plan
------------------------- ---------------------------------------------
c) Price(s) and volume(s) Award over 173,242 conditional shares under
the Deferred Stock Plan
-------------------------
Award over 244,928 conditional shares under
the Long-Term Incentive Plan
------------------------- ---------------------------------------------
d) Aggregated information:
Volume, Price
------------------------- ---------------------------------------------
e) Date of the transaction 12 March 2019
------------------------- ---------------------------------------------
f) Place of the transaction Grant of share awards occurred outside
a trading venue
------------------------- ---------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHCKBDNOBKDKND
(END) Dow Jones Newswires
March 12, 2019 13:35 ET (17:35 GMT)
Bba Aviation (LSE:BBA)
Historical Stock Chart
From Apr 2024 to May 2024
Bba Aviation (LSE:BBA)
Historical Stock Chart
From May 2023 to May 2024