14th Mar 2016 10:28
14 March 2016
This notification is provided in accordance with paragraph 3.1.4R of the Disclosure and Transparency Rules.
Deferred Stock Plan
The following conditional share awards over BBA Aviation plc ordinary shares of 2916/21 pence each were made under the terms of the Company's 2015 Deferred Stock Plan to the directors listed below, on 11 March 2016:
Number of shares subject to conditional award
| |
Simon Pryce | 248,423 |
Mike Powell | 157,908 |
The conditional share awards are subject to forfeiture if the director leaves within three years of the award.
Long-Term Incentive Plan and Executive Share Option Plan
The following conditional share awards over BBA Aviation plc ordinary shares of 2916/21 pence each were made on 11 March 2016 to the directors listed below. The award to Simon Pryce has three elements: a conditional award and a linked award, each made under the BBA 2015 Long-Term Incentive Plan and approved share options made under the BBA 2015 Executive 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
| |
Simon Pryce | 635,484 | 15,557 | 15,557 |
Mike Powell | 305,000 | - | - |
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 192.83 pence per share and the exercise period of the approved share options is 1 day.
Related Shares:
SIG.L