Grant of Share Options

RNS Number : 7318G

Gama Aviation PLC

10 August 2016

 

Grant of Share Options

Gama Aviation Plc (AIM: GMAA), one of the world's largest business aviation service providers, announces that options over a total of 1,500,000 Ordinary Shares of 1 pence each ("Shares") were granted, at £1.55, on 9 August 2016.

The grant comprises an option over 200,000 Shares each to Kevin Godley, Chief Financial Officer and Stephen Wright, Executive Director, and options over 1,100,000 Shares, in aggregate, to other employees. Following this grant Kevin Godley's and Stephen Wright's interests in Shares are as follows:

Director	Current Options	Options Granted	Total Options	Interest in existing issued Shares
Kevin Godley	-	200,000	200,000	20,000
Stephen Wright	-	200,000	200,000	263,188

The options granted vest in three years dependent on continuing employment.

Following these grants the Company has a total of 1,500,000 Shares under option representing approximately 3.4% 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	Kevin Godley
2	Reason for the notification
a)	Position/status	Chief Financial Officer, Gama Aviation Plc
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
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 ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 200,000
d)	Aggregated information - Aggregated volume - Price	200,000 £1.55
e)	Date of the transaction	9 August 2016
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, Gama Aviation Plc
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
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 ISIN - GB00B3ZP1526
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 200,000
d)	Aggregated information - Aggregated volume - Price	200,000 £1.55
e)	Date of the transaction	9 August 2016
f)	Place of the transaction	London Stock Exchange, AIM

Gama Aviation Plc 
Marwan Khalek, Chief Executive                                    [phone] 

Citigate Dewe Rogerson                                                    [phone] 
Chris Jarvis, Associate Director                                                        
Phil Anderson, Executive Director 

Jefferies International                                                        [phone] 
(Nominated Advisor & Broker)

Simon Hardy

Harry Nicholas

 

END

 

 

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