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Air Partner PLC - Cancellation of LTIP 2012 options

RNS Number : 5008B
Air Partner PLC
31 January 2020
 

31 January 2020

LEI: 213800JLR6YIRMSCUS98

Air Partner plc

('Air Partner' or the 'Company')

Cancellation of Long Term Incentive Plan 2012 ("LTIP 2012") options and PDMR notification

Air Partner plc, the global aviation services group, announces that 250,393 options over ordinary shares of 1 pence each in the Company ("Ordinary Shares") from the LTIP 2012 have been cancelled.  Of the options cancelled, 177,273 were held by Persons Discharging Managerial Responsibilities.  Further details are set out in the table below.

The notifications below are provided in accordance with the requirements of the EU Market Abuse Regulation. 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Mark Briffa

2.

Reason for the notification

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial notification

3.

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

a)

Name:

Air Partner plc

b)

LEI:

213800JLR6YIRMSCUS98

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:

Ordinary shares of 1 pence each in Air Partner plc

 

GB00BD73628

b)

Nature of the transaction:

Cancellation of nil cost option award under the Air Partner 2012 Long Term Share Incentive Plan to acquire ordinary shares of 1p each in Air Partner plc

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

Nil

177,273

 

d)

Aggregated information:

 

Aggregated volume:

 

Price:

 

 

Not applicable - single transaction

e)

Date of the transaction:

31 January 2020

f)

Place of the transaction

Outside a trading venue

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.      

 

Enquiries:

 

Air Partner

01293 844 788

Mark Briffa, Chief Executive Officer

 

Joanne Estell, Chief Financial Officer

 

 

 

TB Cardew (PR Advisor to Air Partner)

020 7002 1080

Tom Allison

07789 998 020

Alycia MacAskill           

07876 222 703

 

AIR PARTNER NOTICE:

The global charter business has consistently been, and will continue to be, a volatile industry. Against this backdrop we manage the business for the long term, with a very clear strategy of alignment to the needs of our global customer base.   We have a strong portfolio of global aviation services, which provides us with exposure to various sectors and geographies, and our portfolio approach, without any single product or market dominance, often enables us to limit the impact of such market volatility.

 

About Air Partner:

Founded in 1961, Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments and private individuals, across civil and defence organisations. The Group has two divisions: Air Partner Charter, comprising Group Charter (formerly Commercial Jets), Private Jets, Freight and Remarketing; and Air Partner Safety & Security (formerly Consulting & Training), which comprises Baines Simmons and Redline Assured Security.

 

Group Charter charters large airliners to move groups of any size. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter for up to 19 people. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Air Partner Remarketing provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international customers.

 

Baines Simmons offers Aviation Safety Management, Fatigue Risk Management, Air Traffic Services, Wildlife Hazard Management and Aircraft Registry Services. Redline Assured Security delivers government-standard security training and solutions.

 

Air Partner has 17 offices across three continents, with its headquarters located alongside Gatwick airport in the UK. The group employs around 450 aviation professionals globally and operates 24/7. Air Partner is listed on the London Stock Exchange (AIR) and is the only publicly listed air charter broker and aviation safety & security consultancy. It is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide.

 

More information is available on the company's website (www.airpartner.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 [email protected] or visit www.rns.com.
 
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Quick facts: Air Partner

Price: 47

Market: LSE
Market Cap: £25.16 m
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