31st Oct 2017 07:00
AA plc ("AA" or the "Company")
Director/PDMR Shareholding
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
The AA announces that options (the "Options") over a total of 1,148,606 Ordinary shares with a nominal value of 0.1p in the capital of the Company ("Ordinary Shares") were awarded on 27 October 2017 pursuant to the 2015 Performance Share Plan and a supplementary award. Awards for executive directors are in line with the shareholder approved Remuneration Policy. The Options are granted at nil cost and will be subject to the satisfaction of performance conditions. Subject to a holding period, the Options will normally be exercisable from the third anniversary of the grant date until the tenth anniversary.
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 | Grant of options to acquire shares |
c) | Price(s) and volume(s)
| 1,148,606 nil cost options |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated cost | N/A |
e) | Date of the transaction | 27 October 2017 |
c) | Place of the transaction | Outside a trading venue |
Mark MillarCompany Secretary
31 October 2017
Related Shares:
AA..L