Information  X 
Enter a valid email address

BBA Aviation Plc (BBA)

  Print      Mail a friend       Annual reports

Tuesday 07 August, 2018

BBA Aviation Plc

Director/PDMR Shareholding

RNS Number : 1116X
BBA Aviation PLC
07 August 2018
 

7 August 2018

 

 

Director / PDMR Shareholding

The following announcement and notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

 

The Company received notice that on 6 August 2018:

 

1        Mark Johnstone (Group Chief Executive) bought a total of 61,142 ordinary shares as follows:

 

(A)          1,706 ordinary shares at a price of 305.36 pence per share

(B)          13,251 ordinary shares at a price of 305.38 pence per share

(C)         46,185 ordinary shares at a price of 305.90 pence per share

2        Emma Johnstone (wife of Mark Johnstone) bought 6,513 ordinary shares at a price of 305.33 pence per share

Following this transaction Mark Johnstone's total beneficial holding including those of his connected persons is 226,494 shares

 

 

Long-Term Incentive Plan and Executive Share Option Plan

1        On 7 August 2018, Mark Johnstone (Group Chief Executive), was granted a conditional share award over 351,868 BBA Aviation plc ordinary shares of 2916/21 pence each under the terms of the Company's Long-Term Incentive Plan.

 

The conditional share award is subject to the achievement of performance conditions and if it vests will be released at nil cost in accordance with the Plan Rules.  The award is also subject to an additional holding period of 2 years from the date on which the award vests.

2        David Crook (Group Finance Director) received a conditional share award on 11 May 2015 under the Company's 2006 Long-Term Incentive Plan.  The performance condition attaching to this conditional share award was tested and 50% of the award vested today.

 

Mr Crook received a total of 12,328 shares net of applicable tax.  Under the linked award 4,992 shares were released in accordance with the Plan rules and immediately sold with the funds being used to pay the exercise price on 6,171 approved options at an option price of 243 pence per share.  Mr Crook retains 3,824 approved options net of applicable tax.  Under the conditional award he receives 8,504 shares net of applicable tax. 

 

          Mr Crook's total beneficial holding including those of his connected persons following the transactions set out above is 12,328 shares.

 

 

 

 



The forms required under the EU Market Abuse Regulation follows.

 

1     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Johnstone

2

Reason for the notification

a)

Position/status

Group Chief Executive

b)

Initial Notification / Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BBA Aviation plc

b)

LEI

2138001T2QEV5RXMFI32

 

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 and Identification code 

Ordinary Shares

ISIN:  GB00B1FP8915

b)

Nature of transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price (pence)

Volume

305.36

                       1,706

305.38

                     13,251

305.90

                     46,185

d)

Aggregated information: Volume, Price 

61,142 shares at a weighted average of 305.77 pence

e)

Date of the transaction

6 August 2018

f)

Place of the transaction

London Stock Exchange

 

 

 



 

1     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Emma Johnstone

2

Reason for the notification

a)

Position/status

Person closely associated with Mark Johnstone (Group Chief Executive)

b)

Initial Notification / Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BBA Aviation plc

b)

LEI

2138001T2QEV5RXMFI32

 

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 and Identification code 

Ordinary Shares

ISIN:  GB00B1FP8915

b)

Nature of transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price (pence)

Volume

305.33

                       6,513

d)

Aggregated information: Volume, Price 

n/a - see above

e)

Date of the transaction

6 August 2018

f)

Place of the transaction

London Stock Exchange

 

 



 

1     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Johnstone

2

Reason for the notification

a)

Position/status

Group Chief Executive

b)

Initial Notification / Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BBA Aviation plc

b)

LEI

2138001T2QEV5RXMFI32

 

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 and Identification code 

Ordinary Shares

ISIN:  GB00B1FP8915

b)

Nature of transaction

Conditional share awards made under the Company's Long Term Incentive Plan

c)

Price(s) and volume(s)

Price (pence)

Volume

300.40

351,868

d)

Aggregated information: Volume, Price 

n/a - see above

e)

Date of the transaction

7 August 2018

f)

Place of the transaction

Grant of share awards occurred outside a trading venue

 

 



 

 

1     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Crook

2

Reason for the notification

a)

Position/status

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

BBA Aviation plc

b)

LEI

2138001T2QEV5RXMFI32

 

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 and Identification code 

Ordinary Shares

ISIN:  GB00B1FP8915

b)

Nature of transaction

Vesting of 4,992 linked award shares granted under the Long-Term Incentive Plan which are then sold.

 

Exercise of 6,171 of approved options at 243 pence granted under the Executive Share Option Plan (of which 2,347 are withheld for tax) with the net number being 3,824.

 

Vesting of 8,504 net of tax conditional award shares granted under the Long-Term Incentive Plan

 

c)

Price(s) and volume(s)

4,992 shares acquired under the Long-Term Incentive Plan at nil cost (Linked Element) and

6,171 approved options shares acquired under the Executive Share Option Plan at 243 pence per share

8,504 shares acquired under the Long-Term Incentive Plan at nil cost (Conditional Award Element)

d)

Aggregated information: Volume, Price 

See above

e)

Date of the transaction

7 August 2018

f)

Place of the transaction

Outside a trading venue

 

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
DSHFKODPPBKDDFK

a d v e r t i s e m e n t