9th May 2019 15:02
AA plc(the AA or the Company)Director/PDMR Shareholding
The Company announces that its Executive Global Nominee account (the Trustee) purchased 96,444 ordinary shares on behalf of Simon Breakwell, Chief Executive Officer, on 7 May 2019.
It should be noted that a condition of Simon Breakwell's annual bonus payment for FY19 included a requirement for 20% of his net payment to be deferred into shares (Deferred Shares), in order to help build up his personal shareholding in the Company pursuant to the requirements set out in the Company's Remuneration Policy, approved by shareholders at the Annual General Meeting in 2018.
The Deferred Shares are beneficially owned by Simon Breakwell and held by the Trustee, as his nominee, for a three-year period and subject to specific terms including provisions relating to malus and clawback.
Further details can be found in the AA's Annual Report and Accounts 2019, which were published on 1 May and can be downloaded from the Company's corporate website, www.theaaplc.com.
The notification set out below is 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 | Simon Breakwell | |
2 | Reason for the notification |
| |
a) | Position | CEO / PDMR | |
b) | Initial / Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | AA plc | |
b) | LEI | 213800DTPE4O5OI17349 | |
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
| Ordinary shares of 0.1p GB00BMSKPJ95 | |
b) | Nature of the transaction | Purchase of shares on the PDMR's behalf, to be held in a Global Nominee account for a period of three years in accordance with the AA plc Remuneration Policy. | |
c) | Price(s) and volume(s) | Price | Volume |
£0.7395 | 96,444 | ||
d) | Aggregated information |
| |
- Aggregated volume | 96,444 | ||
- Aggregated price | £0.7395 | ||
- Aggregated cost | £71,320.34 | ||
e) | Date of the transaction | 7 May 2019 | |
f) | Place of the transaction | London Stock Exchange (XLON) | |
Nadia HoosenChief Legal Officer and Company Secretary020 7395 7437
9 May 2019
Related Shares:
AA..L