LEI: 213800JLR6YIRMSCUS98
9 February 2021
Air Partner Plc
("Air Partner" or "the Company")
Grant of Options under SAYE Scheme and PDMR Dealings
Air Partner, the global aviation services group, is pleased to announce that it has launched its 2021 Save As You Earn ("SAYE") share scheme on 9 February 2021.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Shares") at an exercise price of 54.96 pence, representing a 20% discount to the closing middle market price of the Shares on 11 January 2021 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 March 2021 and are exercisable between 1 March 2024 and 31 August 2024.
34% of the eligible workforce elected to participate, and pursuant to these elections a total of 886,217 Shares under Option have been granted, equating to 1.39% of the current issued share capital.
Mark Briffa, Chief Executive Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme, he has 19,650 Shares under Option. Joanne Estell, Chief Financial Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme, she has 32,751 Shares under Option.
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 SAYE Scheme:
| Director / PDMR | Number of Ordinary shares under option | Option price | Option duration |
| Mark Briffa | 19,650 | 54.96 pence | 3 years |
| Joanne Estell | 32,751 | 54.96 pence | 3 years |
The following notifications, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the Options granted.
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Mark Briffa | ||||||
| 2 | Reason for notification |
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| a. | Position/Status | Chief Executive Officer and PDMR of Air Partner Plc | ||||||
| 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 | 3 year option over ordinary shares of 1p each in the capital of Air Partner Plc
ISIN: GB00BD73628 | ||||||
| b. | Nature of the transaction | Grant of options to acquire Air Partner plc Ordinary shares under the Company's SAYE plan | ||||||
| c. | Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £0.5496 | 19,650 |
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| d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
| e. | Date of the transaction | 9 February 2021 | ||||||
| f. | Place of the transaction | Outside a trading venue | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Joanne Estell | ||||||
| 2 | Reason for notification |
| ||||||
| a. | Position/Status | Chief Financial Officer and PDMR of Air Partner Plc | ||||||
| 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 | 3 year option over ordinary shares of 1p each in the capital of Air Partner Plc
ISIN: GB00BD73628 | ||||||
| b. | Nature of the transaction | Grant of options to acquire Air Partner plc Ordinary shares under the Company's SAYE plan | ||||||
| c. | Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £0.5496 | 32,751 |
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| d. | Aggregated information - Aggregated Volume - Price |
N/a Nil | ||||||
| e. | Date of the transaction | 9 February 2021 | ||||||
| f. | Place of the transaction | Outside a trading venue | ||||||
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ENDS
| Enquiries: |
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| Air Partner | 01293 844 788 |
| Mark Briffa, Chief Executive Officer |
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| Joanne Estell, Chief Financial Officer |
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| TB Cardew (PR Advisor to Air Partner) |
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| Tom Allison | 07789 998 020 |
| Alycia MacAskill | 07876 222 703 |
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments and private individuals, across civil and military organisations. The Group has two divisions: Air Partner Charter, comprising Group Charter, Private Jets, Freight and Specialist Services; and Air Partner Safety & Security (formerly Consulting & Training), which comprises Baines Simmons, Redline Assured Security and Managed Services.
Group Charter charters large airliners to move groups of any size. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter for up to 19 people. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Specialist Services comprises Air Partner's other aviation services that complement its Charter business: Remarketing, ACMI, scheduled group travel, tour operations, air evacuation and flight operations.
Baines Simmons offers aviation safety management and fatigue risk management. Redline Assured Security delivers government-standard security training, consultancy and solutions to regulated, high value and high threat environments. Managed Services offers wildlife hazard management and aircraft registry services.
Air Partner has 16 locations across three continents, with its headquarters located alongside Gatwick airport in the UK. The group employs around 450 aviation professionals globally and operates 24/7. Air Partner is listed on the London Stock Exchange (AIR) and is the only publicly listed air charter broker and aviation safety & security consultancy. It is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. More information is available on the company's website (www.airpartner.com).
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