29th Nov 2018 13:47
AA plc("AA" or the "Company")
Director/PDMR Shareholding
The Company makes the following notification in accordance with the requirements of the EU Market Abuse Regulation.
On 29 November 2018 the Company's CFO, Martin Clarke, sold his entire holding of A, B and C shares in the capital of the Company, issued in connection with the Management Value Participation scheme, back to the Company for total consideration of GBP£1.00.
The sale of A, B and C shares referred to above has no effect in respect of the substantial holding of 1,091,443 ordinary shares in the capital of the Company, being approximately 0.2% of the ordinary share capital, which Martin Clarke continues to hold.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Martin Clarke |
2) | Reason for the notification | |
a) | Position | CFO/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
| A1 Shares of 0.1 pence in the capital of the Buyer B1 Shares of 0.1 pence in the capital of the Buyer C1 Shares of 0.1 pence in the capital of the Buyer A2 Shares of 0.1 pence in the capital of the Buyer B2 Shares of 0.1 pence in the capital of the Buyer C2 Shares of 0.1 pence in the capital of the Buyer |
b) | Nature of the transaction | Sale of shares |
c) | Price(s) and volume(s)
| GBP£1.00 1,760,000 A1 Shares of 0.1 pence in the capital of the Buyer 1,760,000 B1 Shares of 0.1 pence in the capital of the Buyer 1,760,000 C1 Shares of 0.1 pence in the capital of the Buyer 2,640,000 A2 Shares of 0.1 pence in the capital of the Buyer 2,640,000 B2 Shares of 0.1 pence in the capital of the Buyer 2,640,000 C2 Shares of 0.1 pence in the capital of the Buyer |
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated cost
| N/A |
e) | Date of the transaction | 29 November 2018 |
c) | Place of the transaction | Outside a trading venue |
29 November 2018
Contacts
Zeeshan MaqboolHead of Investor Relations
+44 207 395 7303
Nadia Hoosen
General Counsel and Company Secretary
+44 1256 493 032
Related Shares:
AA..L