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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
  -0.60 -0.86% 69.20 67.20 69.80 69.20 69.20 69.20 26,458 10:08:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 66.7 0.9 0.6 115.3 44

Air Partner PLC Grant of SAYE Options and PDMR Dealings

09/02/2021 12:36pm

UK Regulatory (RNS & others)


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TIDMAIR

RNS Number : 4953O

Air Partner PLC

09 February 2021

LEI: 213800JLR6YIRMSCUS98

9 February 2021

Air Partner Plc

("Air Partner" or "the Company")

Grant of Options under SAYE Scheme and PDMR Dealings

Air Partner, the global aviation services group, is pleased to announce that it has launched its 2021 Save As You Earn ("SAYE") share scheme on 9 February 2021.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Shares") at an exercise price of 54.96 pence, representing a 20% discount to the closing middle market price of the Shares on 11 January 2021 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 March 2021 and are exercisable between 1 March 2024 and 31 August 2024.

34% of the eligible workforce elected to participate, and pursuant to these elections a total of 886,217 Shares under Option have been granted, equating to 1.39% of the current issued share capital.

Mark Briffa, Chief Executive Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme, he has 19,650 Shares under Option. Joanne Estell, Chief Financial Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme, she has 32,751 Shares under Option.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 SAYE Scheme:

 
 Director / PDMR   Number of Ordinary  Option price  Option duration 
                      shares under 
                         option 
 Mark Briffa             19,650        54.96 pence       3 years 
                  -------------------  ------------  --------------- 
 Joanne Estell           32,751        54.96 pence       3 years 
                  -------------------  ------------  --------------- 
 

The following notifications, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the Options granted.

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
------  -------------------------------------------------------------------------------------------------- 
 a.      Name                                      Mark Briffa 
                                                  -------------------------------------------------------- 
 2       Reason for notification 
        ----------------------------------------  -------------------------------------------------------- 
 a.      Position/Status                           Chief Executive Officer and PDMR of Air Partner 
                                                    Plc 
        ----------------------------------------  -------------------------------------------------------- 
 b.      Initial notification/                     Initial Notification 
          Amendment 
        ----------------------------------------  -------------------------------------------------------- 
 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                            3 year option over ordinary shares of 1p each 
          the financial                             in the capital of Air Partner Plc 
          instrument, type 
          of instrument                             ISIN: GB00BD73628 
 
          Identification 
          Code 
        ----------------------------------------  -------------------------------------------------------- 
 b.      Nature of the                             Grant of options to acquire Air Partner plc 
          transaction                               Ordinary shares under the Company's SAYE plan 
        ----------------------------------------  -------------------------------------------------------- 
 
 c.      Price(s) and                               Price(s)                     Volume(s) 
          volume(s) 
        ----------------------------------------   --------------------------- 
    GBP0.5496                                                                    19,650 
   ---------------------------------------------------------------------------  ---------------------- 
 d.      Aggregated information 
          - Aggregated                               N/a 
          Volume                                     Nil 
          - Price 
        ---------------------------------------- 
 e.      Date of the transaction                   9 February 2021 
        ----------------------------------------  -------------------------------------------------------- 
 f.      Place of the                              Outside a trading venue 
          transaction 
        ----------------------------------------  -------------------------------------------------------- 
 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1       Details of the person discharging managerial responsibilities/person 
          closely associated 
------  -------------------------------------------------------------------------------------------------- 
 a.      Name                                      Joanne Estell 
                                                  -------------------------------------------------------- 
 2       Reason for notification 
        ----------------------------------------  -------------------------------------------------------- 
 a.      Position/Status                           Chief Financial Officer and PDMR of Air Partner 
                                                    Plc 
        ----------------------------------------  -------------------------------------------------------- 
 b.      Initial notification/                     Initial Notification 
          Amendment 
        ----------------------------------------  -------------------------------------------------------- 
 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                            3 year option over ordinary shares of 1p each 
          the financial                             in the capital of Air Partner Plc 
          instrument, type 
          of instrument                             ISIN: GB00BD73628 
 
          Identification 
          Code 
        ----------------------------------------  -------------------------------------------------------- 
 b.      Nature of the                             Grant of options to acquire Air Partner plc 
          transaction                               Ordinary shares under the Company's SAYE plan 
        ----------------------------------------  -------------------------------------------------------- 
 
 c.      Price(s) and                               Price(s)                     Volume(s) 
          volume(s) 
        ----------------------------------------   --------------------------- 
    GBP0.5496                                                                    32,751 
   ---------------------------------------------------------------------------  ---------------------- 
 d.      Aggregated information 
          - Aggregated                               N/a 
          Volume                                     Nil 
          - Price 
        ---------------------------------------- 
 e.      Date of the transaction                   9 February 2021 
        ----------------------------------------  -------------------------------------------------------- 
 f.      Place of the                              Outside a trading venue 
          transaction 
        ----------------------------------------  -------------------------------------------------------- 
 
 
S

 
 Enquiries: 
 Air Partner                       01293 844 788 
 Mark Briffa, Chief Executive 
  Officer 
 Joanne Estell, Chief Financial 
  Officer 
 
 TB Cardew (PR Advisor to Air 
  Partner) 
 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 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.

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END

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February 09, 2021 07:36 ET (12:36 GMT)

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