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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 (1116X)

07/08/2018 4:54pm

UK Regulatory


Bba Aviation (LSE:BBA)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMBBA

RNS Number : 1116X

BBA Aviation PLC

07 August 2018

7 August 2018

Director / PDMR Shareholding

The following announcement and notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

The Company received notice that on 6 August 2018:

1 Mark Johnstone (Group Chief Executive) bought a total of 61,142 ordinary shares as follows:

   (A)          1,706 ordinary shares at a price of 305.36 pence per share 
   (B)          13,251 ordinary shares at a price of 305.38 pence per share 
   (C)         46,185 ordinary shares at a price of 305.90 pence per share 

2 Emma Johnstone (wife of Mark Johnstone) bought 6,513 ordinary shares at a price of 305.33 pence per share

Following this transaction Mark Johnstone's total beneficial holding including those of his connected persons is 226,494 shares

Long-Term Incentive Plan and Executive Share Option Plan

1 On 7 August 2018, Mark Johnstone (Group Chief Executive), was granted a conditional share award over 351,868 BBA Aviation plc ordinary shares of 29(16/21) pence each under the terms of the Company's Long-Term Incentive Plan.

The conditional share award is subject to the achievement of performance conditions and if it vests will be released at nil cost in accordance with the Plan Rules. The award is also subject to an additional holding period of 2 years from the date on which the award vests.

2 David Crook (Group Finance Director) received a conditional share award on 11 May 2015 under the Company's 2006 Long-Term Incentive Plan. The performance condition attaching to this conditional share award was tested and 50% of the award vested today.

Mr Crook received a total of 12,328 shares net of applicable tax. Under the linked award 4,992 shares were released in accordance with the Plan rules and immediately sold with the funds being used to pay the exercise price on 6,171 approved options at an option price of 243 pence per share. Mr Crook retains 3,824 approved options net of applicable tax. Under the conditional award he receives 8,504 shares net of applicable tax.

Mr Crook's total beneficial holding including those of his connected persons following the transactions set out above is 12,328 shares.

The forms required under the EU Market Abuse Regulation follows.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                          Mark Johnstone 
      ----------------------------  -------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------- 
 a)    Position/status               Group Chief Executive 
      ----------------------------  -------------------------------------------- 
 b)    Initial Notification          Initial notification 
        / Amendment 
      ----------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------- 
 a)    Name                          BBA Aviation plc 
      ----------------------------  -------------------------------------------- 
 b)    LEI                           2138001T2QEV5RXMFI32 
      ----------------------------  -------------------------------------------- 
 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            Ordinary Shares 
        financial instrument,         ISIN: GB00B1FP8915 
        type of instrument 
        and Identification 
        code 
      ----------------------------  -------------------------------------------- 
 b)    Nature of transaction         Acquisition of Shares 
      ---------------------------- 
 c)    Price(s) and volume(s)        Price (pence)             Volume 
      ----------------------------                  ---------------------------- 
                                        305.36                            1,706 
 ---------------------------------  --------------  ---------------------------- 
                                        305.38                          13,251 
                                    --------------  ---------------------------- 
                                        305.90                          46,185 
 --------------------------------- 
 d)    Aggregated information:       61,142 shares at a weighted average of 
        Volume, Price                 305.77 pence 
      ---------------------------- 
 e)    Date of the transaction       6 August 2018 
 f)    Place of the transaction      London Stock Exchange 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                          Emma Johnstone 
      ----------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status               Person closely associated with Mark Johnstone 
                                      (Group Chief Executive) 
      ----------------------------  ------------------------------------------------ 
 b)    Initial Notification          Initial notification 
        / Amendment 
      ----------------------------  ------------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                          BBA Aviation plc 
      ----------------------------  ------------------------------------------------ 
 b)    LEI                           2138001T2QEV5RXMFI32 
      ----------------------------  ------------------------------------------------ 
 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            Ordinary Shares 
        financial instrument,         ISIN: GB00B1FP8915 
        type of instrument 
        and Identification 
        code 
      ----------------------------  ------------------------------------------------ 
 b)    Nature of transaction         Acquisition of Shares 
      ---------------------------- 
 c)    Price(s) and volume(s)         Price (pence)               Volume 
      ---------------------------- 
                                         305.33                             6,513 
 --------------------------------- 
 d)    Aggregated information:       n/a - see above 
        Volume, Price 
      ----------------------------  ------------------------------------------------ 
 e)    Date of the transaction       6 August 2018 
 f)    Place of the transaction      London Stock Exchange 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                     Mark Johnstone 
      ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                          Group Chief Executive 
      ---------------------------------------  ------------------------------------------ 
 b)    Initial Notification                     Initial notification 
        / Amendment 
      ---------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                     BBA Aviation plc 
      ---------------------------------------  ------------------------------------------ 
 b)    LEI                                      2138001T2QEV5RXMFI32 
      ---------------------------------------  ------------------------------------------ 
 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                       Ordinary Shares 
        financial instrument,                    ISIN: GB00B1FP8915 
        type of instrument 
        and Identification 
        code 
      ---------------------------------------  ------------------------------------------ 
 b)    Nature of transaction                    Conditional share awards made under the 
                                                 Company's Long Term Incentive Plan 
      --------------------------------------- 
 c)    Price(s) and volume(s)                          Price (pence)            Volume 
      ---------------------------------------                                ------------ 
                                                          300.40               351,868 
 --------------------------------------------  ----------------------------  ------------ 
 d)    Aggregated information:                  n/a - see above 
        Volume, Price 
      ---------------------------------------  ------------------------------------------ 
 e)    Date of the transaction                  7 August 2018 
 f)    Place of the transaction                 Grant of share awards occurred outside 
                                                 a trading venue 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         David Crook 
     ---------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status              Group Finance Director 
     ---------------------------  ---------------------------------------------- 
 b)   Initial Notification         Initial notification 
       / Amendment 
     ---------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                         BBA Aviation plc 
     ---------------------------  ---------------------------------------------- 
 b)   LEI                          2138001T2QEV5RXMFI32 
     ---------------------------  ---------------------------------------------- 
 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               Ordinary Shares 
       the financial instrument,    ISIN: GB00B1FP8915 
       type of instrument 
       and Identification 
       code 
     ---------------------------  ---------------------------------------------- 
 b)   Nature of transaction        Vesting of 4,992 linked award shares granted 
                                    under the Long-Term Incentive Plan which 
                                    are then sold. 
 
                                    Exercise of 6,171 of approved options at 
                                    243 pence granted under the Executive Share 
                                    Option Plan (of which 2,347 are withheld 
                                    for tax) with the net number being 3,824. 
 
                                    Vesting of 8,504 net of tax conditional 
                                    award shares granted under the Long-Term 
                                    Incentive Plan 
     ---------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       4,992 shares acquired under the Long-Term 
                                    Incentive Plan at nil cost (Linked Element) 
                                    and 
                                   6,171 approved options shares acquired under 
                                    the Executive Share Option Plan at 243 pence 
                                    per share 
                                   8,504 shares acquired under the Long-Term 
                                    Incentive Plan at nil cost (Conditional 
                                    Award Element) 
                                  ---------------------------------------------- 
 d)   Aggregated information:      See above 
       Volume, Price 
                                  ---------------------------------------------- 
 e)   Date of the transaction      7 August 2018 
                                  ---------------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ---------------------------------------------- 
 

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 07, 2018 11:54 ET (15:54 GMT)

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