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Aer Lingus Group PLC (AERL)

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Wednesday 11 April, 2012

Aer Lingus Group PLC

Director/PDMR Shareholding

RNS Number : 1700B
Aer Lingus Group PLC
11 April 2012
 



SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 

This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.

 

(1)    An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

 

(2)    An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

 

(3)    An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

 

(4)    An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

 

All relevant boxes should be completed in block capital letters

 

1

Name of the Issuer

Aer Lingus Group plc

2

State whether the notification relates to:

(i)    a transaction notified in accordance with Market Abuse Rules;

 

(ii)   a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or

(iii) both (i) and (ii).

 

Both (i) and (ii).

3

Name of person discharging managerial responsibilities/director

Andrew Macfarlane

4

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification is in respect of director named in 3 above

6

Description of shares (including class) debentures or derivatives or financial instruments relating to shares

Ordinary Shares

7

Name of registered shareholder(s) and, if more than one, number of shares held by each of them

 

ALG Trustee Limited as trustee of the Aer Lingus Group plc Employee Benefit Trust and in that capacity holds 3,946,658 shares for the purposes of satisfying any vestings of awards under the Aer Lingus Group plc employee share schemes.

 

8

State the nature of the transaction

 

 

 

Grant of award under the Aer Lingus Group plc Long Term Incentive Plan (LTIP) in respect of the performance period ending 31 December 2014*

 

 

* The vesting of this award is subject to the rules of the LTIP.

 

9.

Number of shares, debentures or financial instruments relating to shares acquired

No shares have been acquired by Andrew Macfarlane. Instead he has received a conditional award under the LTIP in respect of 440,000 shares in Aer Lingus Group plc.

 

10

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

 

 

 

N/A

 

As no beneficial interest can be acquired by Andrew Macfarlane until the award vests, his percentage holding in Aer Lingus Group plc has not changed. The shares which are the subject of the award are equivalent to 0.08% of the issued share capital of Aer Lingus Group plc.

 

11

Number of shares, debentures or financial instruments relating to shares disposed

N/A

12

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13

Price per share or value of transaction

€0.964*

*being the market value of the shares as at 4 April 2012 for the purposes of awards under the 2012 LTIP.

14

Date and place of transaction

The award was recommended by the Remuneration Committee of the board of Aer Lingus Group plc pursuant to a resolution dated 5 April 2012 and the award certificate was executed by the trustee of the LTIP on 11 April 2012.

15

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

 

Mr. Macfarlane currently holds 35,000 shares in Aer Lingus Group plc (representing 0.007% of the issued share capital) and in addition has an interest in 1,347,970 shares in Aer Lingus Group plc (407,970 of which were the subject of an award recommended on 1 October 2010; 500,000 of which were the subject of an award recommended on 11 April 2011 and 440,000 of which are the subject of this notification) which are the subject of awards by ALG Trustee Limited (representing 0.25% of the issued share capital of Aer Lingus Group plc)

 

 

16

Date issuer informed of transaction

 11 April 2012

 

 

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

 

17

Date of grant

N/A

18

Period during which or date on which it can be exercised

N/A

19

Total amount paid (if any) for grant of the option

N/A

20

Description of shares or debentures involved (class and number)

N/A

21

Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise

N/A

22

Total number of shares or debentures over which options are held following notification

N/A

23

Any additional information

N/A

24

Name of contact and telephone number for queries

Donal Moriarty

+ 353 1 886 3140


 

 

 

Name and signature of duly designated officer of issuer responsible for making notification

__________________________________

Donal Moriarty

Company Secretary

Date of notification: 11 April 2012__________

 


This information is provided by RNS
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