27th Aug 2014 10:59
27 August 2014
This notification is provided in accordance with paragraph 3.1.4R of the Disclosure and Transparency Rules.
Approved Conditional Share Awards
The following approved conditional share awards over BBA Aviation plc ordinary shares of 2916/21 pence each were made on 26 August 2014 to the director 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 and approved share options made under the BBA 2006 UK Share Option Plan.
Number of shares subject to conditional award | Number of shares subject to linked award | Number of shares over which approved share options granted
| |
Mike Powell | 152,179 | 9,221 | 9,221 |
The awards and the options are all subject to 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 325.33 pence per share and the exercise period of the approved share options is 1 day.
Related Shares:
SIG.L