5th Mar 2019 15:27
5 March 2019
LEI: 213800JLR6YIRMSCUS98
Air Partner plc
("Air Partner" or the "Company")
Issue of Equity and PDMR Shareholding / dealing
Air Partner plc, the global aviation services group, announces that the Company has now issued a total of 73,378 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") to Mark Briffa in respect of his performance bonus for the financial year ending 31 January 2018 pursuant to the 2018 Remuneration report in the Annual Report and Accounts. These shares are to be held until 26 June 2020.
Full details of this issuance will be disclosed in the Company's Annual Report for the Year Ending 31 January 2019.
As part of this transaction, the Company has also been notified that Mark Briffa has sold 34,480 Ordinary Shares, to cover the costs of the associated tax liability.
Following this announcement, Mark Briffa (together with his connected parties, notably his spouse Michelle Briffa) holds 567,000 Ordinary Shares, representing 1% of the issued ordinary share capital of the Company.
Following this announcement, the issued share capital of Air Partner plc comprises 52,290,943 Ordinary Shares, all of which have been admitted to the Official List of the Financial Conduct Authority ("FCA") and admitted to trading on the London Stock Exchange.
Therefore, the total number of voting rights in Air Partner plc is 52,290,943, which should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the share capital of Air Partner plc under the FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
1 | Details of the person discharging managerial responsibilities ("PDMR") or persons closely associated with them ("PCA") | |||||
a) | Name
| Mark Briffa | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chief Executive Officer / PDMR | ||||
b) | Initial notification/ Amendment
| Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Air Partner plc | ||||
b) | LEI
| 213800JLR6YIRMSCUS98 | ||||
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
Identification code
| Ordinary shares of 1 pence each in Air Partner plc ("Shares")
GB00BD73628 | ||||
b) | Nature of the transaction
| Issue of 73,378 Shares to Mark Briffa for nil consideration. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information Aggregated volume Price
| Not applicable - single transaction | ||||
e) | Date of the transaction
| 5 March 2019 | ||||
f) | Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities ("PDMR") or persons closely associated with them ("PCA") | |||||
a) | Name
| Mark Briffa | ||||
2 | Reason for the notification | |||||
a) | Position/status
| Chief Executive Officer / PDMR | ||||
b) | Initial notification/ Amendment
| Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name
| Air Partner plc | ||||
b) | LEI
| 213800JLR6YIRMSCUS98 | ||||
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
Identification code
| Ordinary shares of 1 pence each in Air Partner plc ("Shares")
GB00BD73628 | ||||
b) | Nature of the transaction
| Sale of 34,480 Shares by Mark Briffa for 79.1 pence each. | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information Aggregated volume Price
| Not applicable - single transaction | ||||
e) | Date of the transaction
| 5 March 2019 | ||||
f) | Place of the transaction
| London Stock Exchange | ||||
ENDS
Enquiries: | |
Air Partner | 01293 844788 |
Mark Briffa, CEO | |
Joanne Estell, CFO | |
TB Cardew (Financial PR advisor) | 020 7930 0777 |
Tom Allison | 07789 998 020 |
Alycia MacAskill Lucy Featherstone | 07876 222 703 07789 374 663 |
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions: Charter division, comprising air charter broking and remarketing; and the Consulting & Training division, comprising the aviation safety consultancies, Baines Simmons, Clockwork Research and SafeSkys, as well as Air Partner's Emergency Planning Division. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Consulting & Training (Baines Simmons, Clockwork Research, SafeSkys and Air Partner's Emergency Planning Division). The Commercial Jet division charters large airliners to move groups of any size. Air Partner Remarketing, which is within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in aviation safety consulting specialising in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. SafeSkys is a leading Environmental and Air Traffic Control services provider to UK and International airports. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com
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