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                                            +44 (0) 1252 553029

Marwan Khalek, Chief Executive Officer

Camarco                                                            +44 (0) 20 3757 4992

Ginny Pulbrook

Geoffrey Pelham-Lane

Tom Huddart

Jefferies International                                       +44 (0) 207 029 8000

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/

 


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 rns@lseg.com or visit www.rns.com.
 
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