BBA Aviation PLC Director/PDMR Shareholding (9783R)
14 March 2016 - 9:28PM
UK Regulatory
TIDMBBA
RNS Number : 9783R
BBA Aviation PLC
14 March 2016
14 March 2016
This notification is provided in accordance with paragraph
3.1.4R of the Disclosure and Transparency Rules.
Deferred Stock Plan
The following conditional share awards over BBA Aviation plc
ordinary shares of 29(16/21) pence each were made under the terms
of the Company's 2015 Deferred Stock Plan to the directors listed
below, on 11 March 2016:
Number of shares subject
to conditional award
Simon Pryce 248,423
Mike Powell 157,908
The conditional share awards are subject to forfeiture if the
director leaves within three years of the award.
Long-Term Incentive Plan and Executive Share Option Plan
The following conditional share awards over BBA Aviation plc
ordinary shares of 29(16/21) pence each were made on 11 March 2016
to the directors listed below. The award to Simon Pryce has three
elements: a conditional award and a linked award, each made under
the BBA 2015 Long-Term Incentive Plan and approved share options
made under the BBA 2015 Executive Share Option Plan.
Number of Number of Number of shares
shares subject shares subject over which
to conditional to approved share
award linked award options granted
Simon Pryce 635,484 15,557 15,557
Mike Powell 305,000 - -
The awards and the options are all subject to the same
performance conditions. In addition, the linked award will only
vest in respect of such number of shares as have a market value
equal to the aggregate exercise price of the vested approved share
options and then only if the exercise price is less than the market
value of a share at that time.
The approved share options were granted at an exercise price of
192.83 pence per share and the exercise period of the approved
share options is 1 day.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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