Gama Aviation PLC Grant of Share Options (6808S)

TIDMGMAA

RNS Number : 6808S

Gama Aviation PLC

27 June 2018

27th June 2018

Gama Aviation Plc (AIM: GMAA)

("Gama Aviation", "the Company" or "the Group")

Grant of Share Options

Gama Aviation Plc, the global business aviation services provider, announces that options over a total of 2,132,000 Ordinary Shares of 1 pence each ("Shares") were granted, at 205.5p, on 22 June 2018.

The grant comprises an option over 250,000 Shares each to Stephen Wright, Chief Compliance Officer, and Neil Medley, Chief Operating Officer, and options over 1,632,000 Shares, in aggregate, to other employees. Following this grant Stephen Wright's and Neil Medley's interests in Shares are as follows:

 
 Director       Current    Options    Total Options   Interest 
                 Options    Granted                    in 
                                                       existing 
                                                       issued 
                                                       Shares 
 Stephen 
  Wright        200,000    250,000    450,000         263,188 
               ---------  ---------  --------------  ---------- 
 Neil Medley    100,000    250,000    350,000         50,000 
               ---------  ---------  --------------  ---------- 
 

Of the options granted, 961,000 vest in 2 years, of which 125,000 each were granted to Stephen Wright and Neil Medley and 711,000 to other employees. The remaining options will vest in 3 years.

Following these grants the Company has a total of 3,212,000 Shares under option representing approximately 5.0% of the issued ordinary share capital of the Company.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
 a)    Name                 Stephen Wright 
      -------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------- 
 a)    Position/status      Executive Director 
      -------------------  ---------------------------------- 
 b)    Initial              Initial Notification 
        Notification 
        Amendment 
      -------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
      ------------------------------------------------------- 
 a)    Name                 Gama Aviation Plc 
      -------------------  ---------------------------------- 
 b)    LEI                  213800PPPRG2WINUMO24 
      -------------------  ---------------------------------- 
 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          Option over Ordinary Shares of 1p 
        of the financial     each 
        instrument, 
        type of              ISIN - GB00B3ZP1526 
        instrument 
        Identification 
        code 
      -------------------  ---------------------------------- 
 b)    Nature of 
        the transaction       Grant of Option 
      -------------------  ---------------------------------- 
 c)    Price(s)               Price(s)   Volume(s) 
        and volume(s)          205.5p     250,000 
                                         ========== 
      -------------------  ---------------------------------- 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                   250,000 
                              205.5p 
 ------------------------  ---------------------------------- 
 e)    Date of              22 June 2018 
        the transaction 
      -------------------  ---------------------------------- 
 f)    Place of             London Stock Exchange, AIM 
        the transaction 
      -------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
 a)    Name                 Neil Medley 
      -------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------- 
 a)    Position/status      Executive Director 
      -------------------  ---------------------------------- 
 b)    Initial              Initial Notification 
        Notification 
        Amendment 
      -------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
      ------------------------------------------------------- 
 a)    Name                 Gama Aviation Plc 
      -------------------  ---------------------------------- 
 b)    LEI                  213800PPPRG2WINUMO24 
      -------------------  ---------------------------------- 
 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          Option over Ordinary Shares of 1p 
        of the financial     each 
        instrument, 
        type of              ISIN - GB00B3ZP1526 
        instrument 
        Identification 
        code 
      -------------------  ---------------------------------- 
 b)    Nature of 
        the transaction       Grant of Option 
      -------------------  ---------------------------------- 
 c)    Price(s)               Price(s)   Volume(s) 
        and volume(s)          205.5p     250,000 
                                         ========== 
      -------------------  ---------------------------------- 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                   250,000 
                              205.5p 
 ------------------------  ---------------------------------- 
 e)    Date of              22 June 2018 
        the transaction 
      -------------------  ---------------------------------- 
 f)    Place of             London Stock Exchange, AIM 
        the transaction 
      -------------------  ---------------------------------- 
 

ENDS

For further information please visit www.gamaaviation.com or contact:

   Gama Aviation Plc                                            [phone] 

Marwan Khalek, Chief Executive Officer

   Camarco                                                            [phone] 

Ginny Pulbrook

Geoffrey Pelham-Lane

Tom Huddart

   Jefferies International                                       [phone] 

Simon Hardy

Will Soutar

Gama Aviation - Notes to Editors

Gama Aviation Plc (AIM:GMAA) is a global business aviation services group that specialises in providing support for individuals, corporations and government agencies; allowing them to deliver on the promises they make.

The Group's services are split into two divisions: Air and Ground. Air services include aircraft management, special mission support and charter. Ground services cover aircraft maintenance services, aircraft modification design and installation, and Fixed Base Operations (FBO).

More details can be found at: http://www.gamaaviation.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 [e-mail] or visit www.rns.com.

END

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June 27, 2018 02:00 ET (06:00 GMT)