Grant of Share Options

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	Options Granted	Total Options	Interest 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 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) 205.5p 250,000
d)	Aggregated information - Aggregated volume - Price	250,000 205.5p
e)	Date of the transaction	22 June 2018
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) 205.5p 250,000
d)	Aggregated information - Aggregated volume - Price	250,000 205.5p
e)	Date of the transaction	22 June 2018
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

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/

 

END

 

 

DSHFFMBTMBMTTTP