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BBA Bba Aviation Plc

314.80
0.00 (0.00%)
Last Updated: 01:00:00
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 (6586S)

12/03/2019 5:35pm

UK Regulatory


Bba Aviation (LSE:BBA)
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From Apr 2019 to Apr 2024

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TIDMBBA

RNS Number : 6586S

BBA Aviation PLC

12 March 2019

12 March 2019

Director / PDMR Shareholding

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

Deferred Stock Plan Release

1 Mark Johnstone (Group Chief Executive) received a conditional share award on 11 March 2016 under the Company's Deferred Stock Plan. The forfeiture provision attached to the conditional share award lifted on 11 March 2019.

42,270 conditional award shares, being the number of shares net of applicable tax, were released at nil cost to Mr Johnstone today in accordance with the Plan Rules.

2 David Crook (Group Finance Director), received a conditional share award and a synergy share award on 11 March 2016 under the Company's Deferred Stock Plan. The forfeiture provision attached to the share awards lifted on 11 March 2019.

23,164 conditional award shares and 8,459 synergy award shares, being the number of shares net of applicable tax, were released at nil cost to Mr Crook today in accordance with the Plan Rules.

Long-Term Incentive Plan Release

1 Mark Johnstone (Group Chief Executive) received a conditional share award on 11 March 2016 under the Company's Long-Term Incentive Plan. The performance condition attaching to this conditional share award was tested and 46.87% of the award vested today.

Mr Johnstone received a total of 34,087 shares net of applicable tax. Under the linked award 5,973 shares were released in accordance with the Plan rules and immediately sold with the funds being used to pay the exercise price on 7,291 approved options at an option price of 192.83 pence per share. Mr Johnstone retains 4,208 approved options net of applicable tax. Under the conditional award he received 29,879 shares net of applicable tax.

2 David Crook (Group Finance Director) received a conditional share award on 11 March 2016 under the Company's Long-Term Incentive Plan. The performance condition attaching to this conditional share award was tested and 46.87% of the award vested today.

Mr Crook received 18,655 shares net of applicable tax.

Total Beneficial Holdings

Mr Johnstone's total beneficial holding including those of his connected persons following the transactions set out above is 302,932 shares.

Mr Crook's total beneficial holding including those of his connected persons following the transactions set out above is 62,606 shares.

Deferred Stock Plan - Share Award Grant

The following conditional share awards over BBA Aviation plc ordinary shares of 29(16/21) pence each were made on 12 March 2019 to the directors listed below under the Company's Deferred Stock Plan.

 
                                         Number of shares subject to conditional 
                                          award 
 Mark Johnstone (Group Chief 
  Executive)                                             294,683 
 David Crook (Group Finance Director)                    173,242 
 

The conditional share awards are subject to forfeiture if the directors leave within three years of the awards. The awards are also subject to an additional holding period of 2 years from the date on which the awards vest.

Long-Term Incentive Plan - Share Award Grant

The following conditional share awards over BBA Aviation plc ordinary shares of 29(16/21) pence each were made on 12 March 2019 to the directors listed below under the Company's Long-Term Incentive Plan.

 
                                           Number of shares subject to conditional 
                                            award 
 Mark Johnstone (Group Chief Executive)                    454,632 
 David Crook (Group Finance Director)                      244,928 
 

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

The forms required under the EU Market Abuse Regulation follow.

 
 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               Ordinary Shares 
       the financial instrument,    ISIN: GB00B1FP8915 
       type of instrument 
       and Identification 
       code 
     ---------------------------  ------------------------------------------------ 
 b)   Nature of transaction        Vesting of 42,270 net of tax conditional 
                                    award shares granted under the Deferred 
                                    Stock Plan. 
 
                                    Vesting of 5,973 linked award shares granted 
                                    under the Long-Term Incentive Plan which 
                                    are then sold. 
 
                                    Exercise of 7,291 of approved options at 
                                    192.83 pence granted under the Executive 
                                    Share Option Plan (of which 3,083 are withheld 
                                    for tax) with the net number being 4,208. 
 
                                    Vesting of 29,879 net of tax conditional 
                                    award shares granted under the Long-Term 
                                    Incentive Plan 
     ---------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)       42,270 shares acquired under the Deferred 
                                    Stock Plan at nil cost 
                                    5,973 shares acquired under the Long-Term 
                                    Incentive Plan at nil cost (Linked Element) 
                                    and 
                                   7,291 approved options shares acquired under 
                                    the Executive Share Option Plan at 192.83 
                                    pence per share 
                                   29,870 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      12 Mach 2019 
                                  ------------------------------------------------ 
 f)   Place of the transaction     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              Chief 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 23,164 net of tax conditional 
                                    award shares granted under the Deferred 
                                    Stock Plan 
 
                                    Vesting of 8,459 net of tax synergy award 
                                    shares granted under the Deferred Stock 
                                    Plan 
 
                                    Vesting of 18,655 net of tax conditional 
                                    award shares granted under the Long-Term 
                                    Incentive Plan 
     ---------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)       31,623 shares acquired under the Deferred 
                                    Stock Plan at nil cost 
     --------------------------- 
                                   18,655 shares acquired under the Long-Term 
                                    Incentive Plan at nil cost 
     ---------------------------  ------------------------------------------- 
 d)   Aggregated information: 
       Volume, Price                 See above 
     ---------------------------  ------------------------------------------- 
 e)   Date of the transaction      12 March 2019 
     ---------------------------  ------------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------- 
 
 
 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         Conditional awards over Ordinary Shares 
       financial instrument,      ISIN: GB00B1FP8915 
       type of instrument 
       and Identification 
       code 
     -------------------------  --------------------------------------------- 
 b)   Nature of transaction      Conditional share awards made under the 
                                  Company's Deferred Stock Plan and Long-Term 
                                  Incentive Plan 
     -------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Award over 294,683 conditional shares under 
                                  the Deferred Stock Plan 
     ------------------------- 
                                 Award over 454,632 conditional shares under 
                                  the Long-Term Incentive Plan 
     -------------------------  --------------------------------------------- 
 d)   Aggregated information: 
       Volume, Price 
     -------------------------  --------------------------------------------- 
 e)   Date of the transaction    12 March 2019 
     -------------------------  --------------------------------------------- 
 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 the         Conditional awards over Ordinary Shares 
       financial instrument,      ISIN: GB00B1FP8915 
       type of instrument 
       and Identification 
       code 
     -------------------------  --------------------------------------------- 
 b)   Nature of transaction      Conditional share awards made under the 
                                  Company's Deferred Stock Plan and Long-Term 
                                  Incentive Plan 
     -------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Award over 173,242 conditional shares under 
                                  the Deferred Stock Plan 
     ------------------------- 
                                 Award over 244,928 conditional shares under 
                                  the Long-Term Incentive Plan 
     -------------------------  --------------------------------------------- 
 d)   Aggregated information: 
       Volume, Price 
     -------------------------  --------------------------------------------- 
 e)   Date of the transaction    12 March 2019 
     -------------------------  --------------------------------------------- 
 f)   Place of the transaction   Grant of share awards occurred 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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March 12, 2019 13:35 ET (17:35 GMT)

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