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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 124.50 | 124.50 | 125.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMAIR
RNS Number : 4228E
Air Partner PLC
03 July 2019
3 July 2019
LEI: 213800JLR6YIRMSCUS98
Air Partner plc
('Air Partner' or the 'Company')
Vesting of Long Term Incentive Plan 2012 ("LTIP 2012") awards and PDMR notifications
Air Partner plc, the global aviation services group, announces that the Company has issued 463,747 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to Mark Briffa in relation to the vesting of share awards granted to him on 29 June 2016 under the Company's LTIP 2012 (the "2016 Award").
The 2016 Award was crystallised on achieving the below performance criteria for the period 1 February 2016 to 31 January 2019 for earnings per share ("EPS") and total shareholder return ("TSR") as approved by the Remuneration Committee.
Hot Features
Premium
Performance Weighting Achieved % of
criterion award
to vest
Performance greater or equal to
EPS 2/3rd CPI + 10% per annum. 100%
----------- --------------------------------- ---------
Growth greater or equal to 16%
TSR 1/3rd per annum returns. 51.9%
----------- --------------------------------- ---------
Overall achievement 84.0%
---------
As part of this transaction, the Company has been notified that Mark Briffa has sold 218,617 Ordinary Shares, to cover the associated tax liability from the share issue, and transferred the remaining shares to his spouse (Michelle Briffa) for nil consideration. Following this announcement, Mark Briffa (together with his connected parties, notably his spouse Michelle Briffa) holds 812,130 Ordinary Shares, representing 1.54% of the issued ordinary share capital of the Company.
The notification below is 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: Exercise of share option
--------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 463,747
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 1 July 2019
--------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
--------------------------------- --------------------------------------
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: Sale of 218,617 Shares by
Mark Briffa for 72 pence each.
--------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP0.7231 218,617
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 3 July 2019
--------------------------------- --------------------------------------
f) Place of the transaction: London Stock Exchange
--------------------------------- --------------------------------------
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: Transfer of 245,130 shares
to spouse for nil consideration
--------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 245,130
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 3 July 2019
--------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
--------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Michelle Briffa
--------------------------------- --------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: Person closely associated
with Mark Briffa (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: Receipt of 245,130 shares
following transfer from spouse
for nil consideration
--------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 245,130
----------
--------------------------------- --------------------------------------
d) Aggregated information:
Aggregated volume: Not applicable - single transaction
Price:
--------------------------------- --------------------------------------
e) Date of the transaction: 3 July 2019
--------------------------------- --------------------------------------
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) 020 7930 0777 Tom Allison 07789 998 020 Alycia MacAskill 07876 222 703 Joe McGregor 07766 231 520
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 : Charter division, comprising air charter broking and remarketing; and the Consulting & Training division. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Consulting & Training (Baines Simmons, Clockwork Research and SafeSkys). Commercial Jets 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. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. 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
DSHQXLFBKDFLBBL
(END) Dow Jones Newswires
July 03, 2019 12:28 ET (16:28 GMT)
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