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AIR Air Partner Plc

124.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Air Partner Plc LSE:AIR London Ordinary Share GB00BD736828 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 124.50 124.50 125.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Air Partner PLC Director/PDMR Shareholding (1149U)

19/10/2017 2:37pm

UK Regulatory


Air Partner (LSE:AIR)
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From Mar 2019 to Mar 2024

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TIDMAIR

RNS Number : 1149U

Air Partner PLC

19 October 2017

19 October 2017

Air Partner plc

Share Option Exercise / PDMR Notification

As required by Article 19 of the Market Abuse Regulation and the Disclosure and Transparency Rules, Air Partner plc ('Air Partner', the 'Company') announces that Mark Briffa has exercised share options granted under the Air Partner unapproved share option plan 2003 (the 'Plan') being;

- 200,000 ordinary shares of 1p each in the Company (each an Ordinary Share) purchased at an exercise price of 109p per share (in connection with an option granted under the Plan on 27(th) November 2008); and

- 25,000 Ordinary Shares purchased at an exercise price of 78.5p per share (in connection with an option granted under the Plan on 26(th) October 2010);

from the Company's Employee Benefit Trust.

The 2008 award was not subject to any performance criteria. The 2010 award was subject to performance conditions which were partly achieved during the period 2010 - 2013, resulting in the vesting of 20% of the original grant.

Mr Briffa subsequently sold sufficient shares to cover the option cost and any other costs associated with the service and transferred the 45,065 Ordinary Shares retained (at a trade price of 132.46 pence per share), to his wife.

The net effect of the transaction, after costs, is that Mr Briffa's total interest in the Company including his wife's holding, has increased.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation:

Air Partner plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA").

 
 1 1   Details of the person discharging managerial 
        responsibilities ("PDMR") or persons closely 
        associated with them ("PCA") 
----  ----------------------------------------------------------------------------- 
 a)    Name                       Mark Briffa 
----  -------------------------  -------------------------------------------------- 
 b)    Position/status            Chief Executive Officer 
----  -------------------------  -------------------------------------------------- 
 c)    Initial                    Initial notification 
        notification/ 
        Amendment 
----  -------------------------  -------------------------------------------------- 
 2     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
----  ----------------------------------------------------------------------------- 
 a)    Name                       Air Partner plc 
----  -------------------------  -------------------------------------------------- 
 b)    LEI                        213800JLR6YIRMSCUS98 
----  -------------------------  -------------------------------------------------- 
 3     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                Ordinary share of 1 pence ('Ordinary 
        of the                     Share') 
        financial 
        instrument, 
        type of 
        instrument 
 
        Identification             GB00BD736828 
        code 
----  -------------------------  -------------------------------------------------- 
 b)    Nature                          Exercise of share options granted under 
        of the                          the Air Partner plc unapproved share 
        transaction                     option plan 2003 (the 'Plan'). On 18 
                                        October 2017: 
                                        i) 200,000 Ordinary Shares were purchased 
                                        at an exercise price of 109p per share 
                                        (in connection with an option granted 
                                        under the Plan on 27(th) November 2008); 
                                        and 
                                        ii) 25,000 Ordinary Shares were purchased 
                                        at an exercise price of 78.5p per share 
                                        (in connection with an option granted 
                                        under the Plan on 26(th) October 2010); 
                                        from the Company's Employee Benefit 
                                        Trust. 
                                        Mr Briffa subsequently sold sufficient 
                                        shares to cover the option cost and 
                                        any other costs associated with the 
                                        service and transferred the 45,065 Ordinary 
                                        Shares retained (at a trade price of 
                                        132.46 pence per share), to his wife. 
----  -------------------------  -------------------------------------------------- 
 c)    Price(s)                     Price(s)            Volume(s) 
        and volume(s)               ------------------  ------------------------ 
                                     132.46 pence per    200,000 Ordinary Shares 
                                      share 
                                                          25,000 Ordinary Shares 
                                      132.46 pence per 
                                      share 
                                    ------------------  ------------------------ 
----  -------------------------  -------------------------------------------------- 
 d)    Aggregated 
        information 
 
         *    Aggregated volume     225,000 Ordinary Shares 
 
                                    132.46 pence per share 
 
         *    Price 
----  -------------------------  -------------------------------------------------- 
 e)    Date of                    18 October 2017 
        the transaction 
----  -------------------------  -------------------------------------------------- 
 f)    Place                      London Stock Exchange 
        of the 
        transaction 
----  -------------------------  -------------------------------------------------- 
 

Ends

Enquiries:

 
 Air Partner                              01293 844 788 
 Mark Briffa, Chief Executive Officer 
  Neil Morris, Chief Financial Officer 
  Kate Patrick, Investor Relations 
 Temple Bar Advisory (PR Advisor 
  to Air Partner)                         020 7002 1080 
 Tom Allison                              07789 998 020 
 Alycia MacAskill                         07876 222 703 
 
 
 

About Air Partner:

Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions : Broking division, comprising air charter broking and remarketing; and the Consulting & Training division, comprising the aviation safety consultancies, Baines Simmons, Clockwork Research and SafeSkys, as well as Air Partner's Emergency Planning Division. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Broking) and Consulting & Training (Baines Simmons, Clockwork Research, SafeSkys and Air Partner's Emergency Planning Division). The Commercial Jet division charters large airliners to move groups of any size. Air Partner Remarketing, which is within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in aviation safety consulting specialising in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. SafeSkys is a leading Environmental and Air Traffic Control services provider to UK and International airports. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2008 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUKUORBWARAAA

(END) Dow Jones Newswires

October 19, 2017 09:37 ET (13:37 GMT)

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