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BBA Bba Aviation Plc

314.80
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bba Aviation Plc LSE:BBA London Ordinary Share GB00B1FP8915 ORD 29 16/21P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 314.80 314.00 314.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BBA Aviation PLC Director/PDMR Shareholding (6200D)

27/10/2015 4:09pm

UK Regulatory


Bba Aviation (LSE:BBA)
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TIDMBBA

RNS Number : 6200D

BBA Aviation PLC

27 October 2015

27 October 2015

BBA Aviation plc (the "Company")

Notification of interest in shares of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") or Connected Persons

This notification is provided in accordance with paragraph 3.1.4R of the Disclosure and Transparency Rules.

BBA Aviation plc was today notified (in accordance with DTR 3.1.2R) that the following acquisitions of the Company's ordinary shares of 29 16/21 pence each by directors and PDMRs of the Company and/or their connected persons took place in London today. Each of these transactions took place pursuant to the 6 for 5 rights issue at 133 pence per new ordinary share announced by the Company on 23 September 2015 (the "Rights Issue").

 
 Name of            Shares registered        Number of       Number of ordinary          Total beneficial 
  Director                                    nil paid         shares acquired           holding following 
                                            rights sold          pursuant to                 the Rights 
                                             (for tail        the Rights Issue                 Issue 
                                           swallowing)(1) 
-----------------  -------------------  ------------------  -------------------  -------------------------------- 
                    Nominee account 
 
                     Simon Pryce               456,000(2)              213,607 
 
                     Nominee accounts           364,662(3)             166,000 
                     of connected 
 Simon Pryce         persons                    136,400(4)              61,600                          1,606,432 
-----------------  -------------------  ------------------  -------------------  -------------------------------- 
 Nick Land          Nominee account                                     66,000             121,000 
-----------------  -------------------  ------------------  -------------------  -------------------------------- 
 Peter Ratcliffe    Nominee account                                     18,000               33,000 
-----------------  -------------------  ------------------  -------------------  -------------------------------- 
 Sir Nigel 
  Rudd              Nominee account                                       4,800            208,200 
-----------------  -------------------  ------------------  -------------------  -------------------------------- 
 

As a US person, the Rights Issue offer was not available to Peg Billson and 120,130 new shares were placed on her behalf in the rump placing at a price of 196 pence on 27 October 2015. Peg Billson's total beneficial holding following the Rights Issue is unchanged at 100,109 shares.

(1) Certain directors sold a proportion of their nil paid rights in order to finance the purchase of the remainder of their rights (tail swallowing).

(2) 456,000 nil paid rights were sold at a price of 62.4717 pence on 12 October 2015 in order to finance the purchase of the remainder of the rights of Simon Pryce.

(3) 364,662 nil paid rights were sold at prices ranging from 55.25 pence to 65.06 pence in order to finance the purchase of the remainder of the rights of Simon Pryce.

(4) 136,400 nil paid rights were sold at prices ranging from 55.25 pence to 65.06 pence in order to finance the purchase of the remainder of the rights of Simon Pryce's connected persons.

The Company was notified earlier today that, following the Rights Issue period completed by the Company and pursuant to the rules of the Company's share plans, adjustments had been made to awards and options granted under those plans to participants to take account of the Rights Issue on the basis described below.

The adjustments operate so as to increase the number of shares subject to options and awards by a factor of 1.39744 and, in the case of options, to reduce the exercise price per share by a factor of 0.71559422.

The adjustments to the awards and options held by Directors and PDMRs of the Company under each plan are set out below:

Simon Pryce

 
 Date of Award      Type of Award          Number of             Number of         Exercise price 
                                          shares under          shares under          following 
                                            Option or             Option or          adjustment, 
                                             subject             subject to          if relevant 
                                            to award             award after 
                                        before adjustment        adjustment 
---------------  -------------------  -------------------  ---------------------  --------------- 
                  DPB Conditional 
 28 May 2013       Award                           57,160                 79,877        n/a 
                  DPB Matching 
 28 May 2013       Award                           57,160                 79,877        n/a 
                  LTIP Conditional 
 28 May 2013       Award                        290,436                405,866          n/a 
 28 May 2013      LTIP Linked Award                10,464                 14,622        n/a 
 28 May 2013      Approved Options                 10,464                 14,622    205.1 pence 
                  LTIP Conditional 
 17 March 2014     Award                        339,300                474,151          n/a 
                  DPB Conditional 
 17 March 2014     Award                           69,321                 96,871        n/a 
                                                                                     177.467366 
 6 June 2014      Sharesave Options                12,096                 16,903        pence 
                  LTIP Conditional 
 12 March 2015     Award                        344,700                481,697          n/a 
                  DPB Conditional 
 13 March 2015     Award                           68,439                 95,639        n/a 
                  ELTIP Conditional 
 11 May 2015       Award                        195,658                273,420          n/a 
---------------  -------------------  -------------------  ---------------------  --------------- 
 

Mike Powell

 
 Date of Award      Type of Award           Number of              Number of         Exercise price 
                                           shares under           shares under          following 
                                             Option or              Option or          adjustment, 
                                              subject              subject to          if relevant 
                                             to award              award after 
                                         before adjustment         adjustment 
---------------  -------------------  ---------------------  ---------------------  --------------- 
 26 August        LTIP Conditional 
  2014             Award                         152,179                  212,661         n/a 
 26 August 
  2014            LTIP Linked Award                   9,221                 12,885        n/a 
 26 August 
  2014            Approved Options                    9,221                 12,885    232.8 pence 
                  LTIP Conditional 
 12 March 2015     Award                         161,600                  225,826         n/a 
                  DPB Conditional 
 13 March 2015     Award                           46,927                   65,577        n/a 
                  ELTIP Conditional 
 11 May 2015       Award                         124,490                  173,967         n/a 
---------------  -------------------  ---------------------  ---------------------  --------------- 
 

Peg Billson

 
 Date of Award      Type of Award            Number of shares                 Number of shares 
                                              subject to award                 subject to award 
                                             before adjustment                 after adjustment 
---------------  -------------------  ------------------------------  -------------------------------- 
 11 September     DPB Conditional 
  2012             Award                                      50,641                            70,767 
 11 September     DPB Matching 
  2012             Award                                      51,723                            72,279 
                  DPB Conditional 
 28 May 2013       Award                                      41,144                            57,496 
                  DPB Matching 
 28 May 2013       Award                                      41,579                            58,104 
                  LTIP Conditional 
 28 May 2013       Award                                      98,300                          137,368 
                  DPB Conditional 
 17 March 2014     Award                                      26,115                            36,494 
                  LTIP Conditional 
 17 March 2014     Award                                    111,100                           155,255 
                  LTIP Conditional 
 12 March 2015     Award                                    131,000                           183,064 
                  DPB Conditional 
 13 March 2015     Award                                      32,670                            45,654 
                  ELTIP Conditional 
 11 May 2015       Award                                      72,174                          100,858 
---------------  -------------------  ------------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSPKODKABDDFKB

(END) Dow Jones Newswires

October 27, 2015 12:09 ET (16:09 GMT)

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