Grant and Surrender of Share Options

RNS Number : 0299U

Gama Aviation PLC

30 March 2021

 

30^th March 2021

Gama Aviation Plc (AIM: GMAA)

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

Grant and Surrender of Share Options

Gama Aviation, the global business aviation services provider, announces the following transactions in relation to Ordinary Shares of 1 pence each ("Shares"):

1.  The Company granted options over a total of 1,025,000 Shares, at 39.0p, to Directors and other employees on 26 March 2021. These options vest in 3 years and have no performance conditions.

2.  Options over a total of 2,276,000 Shares previously granted to Directors and other employees were agreed to be surrendered by those employees on 29 March 2021.

3.  The Company agreed to grant options over a total of 1,138,000 Shares, at 68.8p, to Directors and other employees on 29 March 2021. These options vest in 3 years and have no performance conditions.

4.  The Company agreed to grant options over a total of 1,817,805 Shares, at 1p, to Directors and other employees on 29 March 2021. These options vest in 2024 and are subject to a performance condition based on the Company's average share price over the 30 days following release of the Company's results for the year ending 31 December 2023.

5.  The Company granted options over a total of 155,000 Shares, at 1p, to Directors on 29 March 2021. These options vest immediately and have no performance conditions. Of these, an option for 25,000 Shares was granted to Neil Medley in fulfilment of the final tranche of sign on shares due under his employment contract.

The details of these transactions are as follows:

Name	Position	Transaction 1	Transaction 2	Transaction 3	Transaction 4	Transaction 5
Peter Brown	Director	0	0	0	0	30,000
Stephen Mount	Director	0	0	0	0	40,000
Michael Howell	Director	0	0	0	0	30,000
Christopher Clarke	Director	0	0	0	0	30,000
Marwan Khalek	Director	0	0	0	526,526	0
Neil Medley	Director	0	0	0	0	25,000
Stephen Wright	Director	125,000	-525,000	262,500	289,099	0
Daniel Ruback	Director	125,000	0	0	348,837	0
Mine Taylor	Company Secretary	50,000	-190,000	95,000	133,430	0
Scott McVicar	Employee	40,000	-120,000	60,000	123,547	0
Janine Tombs	Employee	20,000	-45,000	22,500	40,000	0
Mark Smith	Employee	20,000	-30,000	15,000	40,000	0
Duncan Daines	Employee	20,000	-95,000	47,500	63,096	0
Tim Ford	Employee	25,000	-50,000	25,000	106,831	0
Stephen Weatherley	Employee	40,000	0	0	101,744	0
Julia Mahmood	Employee	5,000	-15,000	7,500	0	0
John Corser	Employee	20,000	0	0	44,695	0
Other employees	Employee	535,000	-1,206,000	603,000	0	0
Total		1,025,000	-2,276,000	1,138,000	1,817,805	155,000

The 4,135,805 granted options represent 6.50% of the total issued share capital in the Company. These together with other previously granted and un-surrendered or unexpired options remains below 10% of the total issued share capital of the company.

The notifications below, made in accordance with the requirements of the UK 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	Peter Brown
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 30,000
d)	Aggregated information - Aggregated volume - Price	30,000 £300
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Mount
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 40,000
d)	Aggregated information - Aggregated volume - Price	40,000 £400
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Howell
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 30,000
d)	Aggregated information - Aggregated volume - Price	30,000 £300
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christopher Clarke
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 30,000
d)	Aggregated information - Aggregated volume - Price	30,000 £300
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Marwan Khalek
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 526,526
d)	Aggregated information - Aggregated volume - Price	526,526 £5,265.26
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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 Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 25,000
d)	Aggregated information - Aggregated volume - Price	25,000 £250
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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 Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 125,000 68.8p 262,500 1p 289,099
d)	Aggregated information - Aggregated volume - Price	676,599 £232,240.99
e)	Date of the transaction	26 March 2021: 125,000 shares 29 March 2021: 551,599 shares
f)	Place of the transaction	London Stock Exchange, AIM

 

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 Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 525,000
d)	Aggregated information - Aggregated volume - Price	525,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Daniel Ruback
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 125,000 1p 348,837
d)	Aggregated information - Aggregated volume - Price	473,837 £52,238.37
e)	Date of the transaction	26 March 2021: 125,000 shares 29 March 2021: 348,837 shares
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mine Taylor
2	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 50,000 68.8p 95,000 1p 133,430
d)	Aggregated information - Aggregated volume - Price	278,430 £86,194.30
e)	Date of the transaction	26 March 2021: 50,000 shares 29 March 2021: 228,430 shares
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mine Taylor
2	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 190,000
d)	Aggregated information - Aggregated volume - Price	190,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Scott McVicar
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 40,000 68.8p 60,000 1p 123,547
d)	Aggregated information - Aggregated volume - Price	223,547 £58,115.47
e)	Date of the transaction	26 March 2021: 40,000 shares 29 March 2021: 183,547 shares
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Scott McVicar
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 120,000
d)	Aggregated information - Aggregated volume - Price	120,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Janine Tombs
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 20,000 68.8p 22,500 1p 40,000
d)	Aggregated information - Aggregated volume - Price	82,500 £23,680
e)	Date of the transaction	26 March 2021: 20,000 shares 29 March 2021: 62,500 shares
f)	Place of the transaction	London Stock Exchange, AIM
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Janine Tombs
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 45,000
d)	Aggregated information - Aggregated volume - Price	45,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Smith
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 20,000 68.8p 15,000 1p 40,000
d)	Aggregated information - Aggregated volume - Price	75,000 £18,520
e)	Date of the transaction	26 March 2021: 20,000 shares 29 March 2021: 55,000 shares
f)	Place of the transaction	London Stock Exchange, AIM
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Smith
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 30,000
d)	Aggregated information - Aggregated volume - Price	30,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Duncan Daines
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 20,000 68.8p 47,500 1p 63,096
d)	Aggregated information - Aggregated volume - Price	130,596 £41,110.96
e)	Date of the transaction	26 March 2021: 20,000 shares 29 March 2021: 110,596 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Duncan Daines
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 95,000
d)	Aggregated information - Aggregated volume - Price	95,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Ford
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 25,000 68.8p 25,000 1p 106,831
d)	Aggregated information - Aggregated volume - Price	156,831 £28,018.31
e)	Date of the transaction	26 March 2021: 25,000 shares 29 March 2021: 131,831 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Ford
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 50,000
d)	Aggregated information - Aggregated volume - Price	50,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Weatherley
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 40,000 1p 101,744
d)	Aggregated information - Aggregated volume - Price	141,744 £16,617.44
e)	Date of the transaction	26 March 2021: 40,000 shares 29 March 2021: 101,744 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julia Mahmood
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 5,000 68.8p 7,500
d)	Aggregated information - Aggregated volume - Price	12,500 £7,110
e)	Date of the transaction	26 March 2021: 5,000 shares 29 March 2021: 7,500 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julia Mahmood
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 15,000
d)	Aggregated information - Aggregated volume - Price	15,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Corser
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 20,000 1p 44,695
d)	Aggregated information - Aggregated volume - Price	64,695 £8,246.95
e)	Date of the transaction	26 March 2021: 20,000 shares 29 March 2021: 44,695 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Other employees
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) 39p 535,000 68.8p 603,000
d)	Aggregated information - Aggregated volume - Price	1,138,000 623,514
e)	Date of the transaction	26 March 2021: 535,000 shares 29 March 2021: 603,000 shares
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Other employees
2	Reason for the notification
a)	Position/status	Employee
b)	Initial Notification Amendment	Initial Notification
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 of the financial  instrument, type  of instrument Identification code	Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526
b)	Nature of the transaction	Surrender of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,206,000
d)	Aggregated information - Aggregated volume - Price	1,206,000 N/A
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

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

W H Ireland                                               [phone]

James Joyce

James Sinclair-Ford

Gama Aviation - Notes to Editors

Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)

More details can be found at:  https://www.gamaaviation.com

 

END

 

 

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