Long Term Incentive Plan Awards

RNS Number : 9187J

Airea PLC

16 December 2022

 

AIREA PLC

("the Company")

Long Term Incentive Plan Awards

AIREA plc (LSE: AIEA), the manufacturer, marketer and distributor of floor coverings, announces that on 15 December 2022, under the terms of the Company's recently established Long Term Incentive Plan ("LTIP"), nil-cost options over ordinary shares of 25 pence each in the Company ("Ordinary Shares") were granted to Mederic Payne (Chief Executive Officer) and Ryan Thomas (Group Finance Director), each a person discharging managerial responsibilities, as follows:

Option Holder	Number of Ordinary Shares subject to an option
Mederic Payne	500,000
Ryan Thomas	350,000

Each award has been granted subject to performance conditions based on the Company's earnings before interest, tax and depreciation ("EBITDA") and share price performance over a three year period ending 31 December 2025.  Each award will, ordinarily, vest on 31 December 2025 and is capable of exercise between 1 January 2026 and 15 December 2032.

Further details of the LTIP will be provided in the Company's Annual Report and Accounts for the year ending 31 December 2022 to be published in 2023.

AIREA plc

Martin Toogood  , Chairman      01924 266561

Singer Capital Markets

Peter Steel      0207 496 3000

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mederic Payne
2	Reason for the notification
a)	Position/status	PDMR (Chief Executive Officer)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AIREA plc
b)	LEI	213800FNWL76NCLZU343
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	Ordinary Shares of 25 pence each
	Identification code	GB00BW9PJQ87
b)	Nature of the transaction	Grant of options over Ordinary Shares pursuant to the Company's long term incentive plan
c)	Price(s) and volume(s)	Price	Volume
		Nil cost	Options over 500,000 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/a
e)	Date of the transaction	15 December 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ryan Thomas
2	Reason for the notification
a)	Position/status	PDMR (Group Finance Director)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AIREA plc
b)	LEI	213800FNWL76NCLZU343
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	Ordinary Shares of 25 pence each
	Identification code	GB00BW9PJQ87
b)	Nature of the transaction	Grant of options over Ordinary Shares pursuant to the Company's long term incentive plan
c)	Price(s) and volume(s)	Price	Volume
		Nil cost	Options over 350,000 Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/a
e)	Date of the transaction	15 December 2022
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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