22nd May 2009 15:10
22 May 2009
BBA Aviation plc - Scrip Dividend Scheme
Issue of New Shares:
Further to the announcement made on 30 April 2009 BBA Aviation plc confirms that a total of 8,287,019 Ordinary Shares of 29 16/21 pence have been issued to shareholders who elected to take new shares instead of cash in respect of the 2008 final dividend paid on 22 May 2009. These shares rank pari passu with the existing issued Ordinary Shares of the Company. Dealings in the new shares commenced today.
The above information is disclosed under paragraph 9.6.4(6) of the Listing Rules.
Notification of Directors' Interests:
The Directors listed below elected to receive the Scrip Dividend alternative and were subsequently allotted BBA Aviation plc Ordinary Shares of 29 16/21 pence as follows:
Name of Director Number of Shares Allotted
Simon Pryce 13,173
Andrew Wood 13,365
The Company has received notification today from Halifax EES Trustees International Limited, the trustees of the BBA Group Employee Share Trust, that Simon Pryce, Group Chief Executive, has been allotted 3,001 BBA Aviation plc Ordinary Shares of 29 16/21 pence on 22 May 2009. The allotment was made in accordance with instructions under the Scrip Dividend Scheme in relation to the beneficial interests in shares which Simon Pryce has under the Company's 2006 Deferred Bonus Plan. Mr Pryce's total beneficial holding following these notifications is 543,448 shares.
The Company has also received notification from Halifax EES Trustees International Limited, the trustees of the BBA Group Employee Share Trust, that Teresa Wood, wife of Andrew Wood, Group Finance Director, has been allotted 1,758 BBA Aviation plc Ordinary Shares of 29 16/21 pence on 22 May 2009. The allotment was made in accordance with instructions under the Scrip Dividend Scheme in relation to the beneficial interests in shares which Andrew Wood has under the Company's 2006 Deferred Bonus Plan. Mr Wood's total beneficial holding following these notifications is 250,216 shares.
As previously advised in the Scrip Dividend Scheme Circular to Shareholders dated 24 March 2009, the number of shares allotted was calculated by reference to the calculation price, being the average of the middle market quotations of an ordinary share, as derived from the London Stock Exchange Daily Official List for the five consecutive dealing days commencing on the day on which the ordinary shares were first quoted ex-dividend, which was 73.15 pence.
The above information is disclosed under paragraph 3.1.4R of the Disclosure and Transparency Rules.
Related Shares:
SIG.L