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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
  1.10 1.61% 69.50 69.00 70.00 71.00 69.00 69.80 149,025 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 66.7 0.9 0.6 115.8 44

Air Partner PLC Grant of LTIP 2012 awards and PDMR notifications

11/08/2020 4:45pm

UK Regulatory (RNS & others)


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TIDMAIR

RNS Number : 8332V

Air Partner PLC

11 August 2020

11 August 2020

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 10 August 2020:

 
 Director         Position           Number of Ordinary   Percentage   Closing 
                                      Shares over which    of basic     Market Price 
                                      Nil-cost Options     salary       on day preceding 
                                      have been granted                 date of 
                                                                        grant 
                  Chief Executive 
 Mark Briffa       Officer           503,919              150%         89.30p 
                 -----------------  -------------------  -----------  ------------------ 
                  Chief Financial 
 Joanne Estell     Officer           223,964              100%         89.30p 
                 -----------------  -------------------  -----------  ------------------ 
 

Awards over Ordinary Shares were also granted over an aggregate of 972,753 Ordinary Shares to the Company's senior management team.

The extent to which the Awards become exercisable is determined by the achievement against performance conditions, measuring the Company's underlying earnings per share and total shareholder return over a three-year period and the grantee's continued service during this period. The Awards for Executive Directors are subject to a two-year holding period 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         503,919 
                                                       ---------- 
     ---------------------------------  -------------------------------------- 
 d)   Aggregated information: 
 
       Aggregated volume:                  Not applicable - single transaction 
 
       Price: 
     ---------------------------------  -------------------------------------- 
 e)   Date of the transaction:           10 August 2020 
     ---------------------------------  -------------------------------------- 
 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         223,964 
                                                       ---------- 
     ---------------------------------  -------------------------------------- 
 d)   Aggregated information: 
 
       Aggregated volume:                  Not applicable - single transaction 
 
       Price: 
     ---------------------------------  -------------------------------------- 
 e)   Date of the transaction:           10 August 2020 
     ---------------------------------  -------------------------------------- 
 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 to Air Partner)    020 7930 0777 
 Tom Allison                                        07789 998 020 
 Joe McGregor                                       07766 231 520 
 

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).

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

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August 11, 2020 11:45 ET (15:45 GMT)

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