8th Mar 2010 12:55
8 March 2010
Approved Conditional Share Awards
The following approved conditional share awards over BBA Aviation plc ordinary shares of 2916/21 pence each were made on 5 March 2010 to the individuals listed below. The approved conditional share award has three elements: a conditional award and a linked award, each made under the BBA 2006 Long-Term Incentive Plan (the "LTIP") and approved share options made under the BBA 2006 UK Share Option Plan (the "Approved Option Plan").
Name |
Number of shares subject to conditional award |
Number of shares subject to linked award |
Number of shares over which approved share options granted |
Simon Pryce, CEO |
303,144 |
18,356 |
18,356 |
Mark Hoad, Group Finance Director Designate |
58,144 |
18,356 |
18,356 |
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 163.43p per share and the exercise period of the approved share options is 1 day.
This notification is provided in accordance with paragraph 3.1.4R of the Disclosure and Transparency Rules.
Related Shares:
SIG.L