Airea PLC Director/PDMR Shareholding (3103V)
05 April 2019 - 12:42PM
UK Regulatory
TIDMAIEA
RNS Number : 3103V
Airea PLC
05 April 2019
AIREA PLC
("the Company")
Director/PDMR Shareholding
The Company announces that Neil Rylance, Chief Executive Officer
of the Company, has today sold 2,510,630 ordinary 25p shares in the
Company ('Ordinary Shares') at a price of 72 pence per share to the
recently created Airea Employee Benefit Trust ('EBT').
As a result of this transaction Neil Rylance no longer has a
beneficial interest in the issued share capital of the Company.
Martin Toogood, Non-Executive Chairman, said:
"The Company's employee benefit trust is now in a position where
it can begin to make performance-based share awards to our
employees. The awards, which will vest over a three to five year
period, are key to employee retention and ensuring that appropriate
incentives are in place to drive long-term value creation in a
highly competitive market environment.
Our Chief Executive Officer, Neil Rylance, built up his personal
shareholding in the Company a number of years ago and, as part of
this sale to the EBT, intends to continue to lead the company in
this next important phase of its development".
AIREA plc
Martin Toogood, Non-Executive Chairman 01924 266561
Paul Stevenson, Finance Director 01924 262561
N+1 Singer, Nominated Adviser and Broker
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 Neil Rylance
---------------------------------- -----------------------------------
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, ("Ordinary Shares")
type of instrument
Identification code GB00BW9PJQ87
---------------------------------- -----------------------------------
b) Nature of the transaction Sale of Ordinary Shares
---------------------------------- -----------------------------------
c) Price(s) and volume(s) Price Volume
---------------------------------- -------- -------------------------
72p 2,510,630 Ordinary
Shares
---------------------------------- -------- -------------------------
d) Aggregated information
- Aggregated volume 2,510,630 Ordinary Shares
- Price 72p
---------------------------------- -----------------------------------
e) Date of the transaction 5 April 2019
---------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- -----------------------------------
Name of authorised official of issuer responsible for making
notification:
Paul Stevenson
Company Secretary to AIREA plc
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHBELFBKZFXBBD
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