Airea PLC Long Term Incentive Plan Awards (9187J)
16 Dezember 2022 - 8:00AM
UK Regulatory
TIDMAIEA
RNS Number : 9187J
Airea PLC
16 December 2022
AIREA PLC
("the Company")
Long Term Incentive Plan Awards
AIREA plc (LSE: AIEA), the manufacturer, marketer and
distributor of floor coverings, announces that on 15 December 2022,
under the terms of the Company's recently established Long Term
Incentive Plan ("LTIP"), nil-cost options over ordinary shares of
25 pence each in the Company ("Ordinary Shares") were granted to
Mederic Payne (Chief Executive Officer) and Ryan Thomas (Group
Finance Director), each a person discharging managerial
responsibilities, as follows:
Option Holder Number of Ordinary Shares subject
to an option
Mederic Payne 500,000
----------------------------------
Ryan Thomas 350,000
----------------------------------
Each award has been granted subject to performance conditions
based on the Company's earnings before interest, tax and
depreciation ("EBITDA") and share price performance over a three
year period ending 31 December 2025. Each award will, ordinarily,
vest on 31 December 2025 and is capable of exercise between 1
January 2026 and 15 December 2032.
Further details of the LTIP will be provided in the Company's
Annual Report and Accounts for the year ending 31 December 2022 to
be published in 2023.
AIREA plc
Martin Toogood , Chairman 01924 266561
Singer Capital Markets
Peter Steel 0207 496 3000
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCAs") with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mederic Payne
------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status PDMR (Chief Executive Officer)
------------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name AIREA plc
------------------------------- ----------------------------------------
b) LEI 213800FNWL76NCLZU343
------------------------------- ----------------------------------------
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 Ordinary Shares of 25 pence each
financial instrument,
type of instrument
Identification code GB00BW9PJQ87
------------------------------- ----------------------------------------
b) Nature of the transaction Grant of options over Ordinary Shares
pursuant to the Company's long term
incentive plan
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------- ------------ --------------------------
Nil cost Options over 500,000
Ordinary Shares
------------------------------- ------------ --------------------------
d) Aggregated information
- Aggregated volume N/a
- Price
------------------------------- ----------------------------------------
e) Date of the transaction 15 December 2022
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ryan Thomas
------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status PDMR (Group Finance Director)
------------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name AIREA plc
------------------------------- ----------------------------------------
b) LEI 213800FNWL76NCLZU343
------------------------------- ----------------------------------------
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 Ordinary Shares of 25 pence each
financial instrument,
type of instrument
Identification code GB00BW9PJQ87
------------------------------- ----------------------------------------
b) Nature of the transaction Grant of options over Ordinary Shares
pursuant to the Company's long term
incentive plan
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------- ------------ --------------------------
Nil cost Options over 350,000
Ordinary Shares
------------------------------- ------------ --------------------------
d) Aggregated information
- Aggregated volume N/a
- Price
------------------------------- ----------------------------------------
e) Date of the transaction 15 December 2022
------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------
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END
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