17 February 2021
Gama Aviation Plc (AIM: GMAA)
Director/PDMR Transactions
On 17 February 2021, Gama Aviation Plc ("Gama Aviation" or the "Company") was informed that, Daniel Ruback, a director and Chief Financial Officer of the Company, has in order to effect a "Bed and ISA" transaction, sold 25,000 ordinary shares of £0.01 each ("Ordinary Shares") at a price of 35.00 pence per Ordinary Share and then repurchased into his Individual Savings Account (ISA), the same number of 25,000 Ordinary Shares at a price of 35.20 pence per Ordinary Share.
Following the completion of these transactions his ultimate beneficial ownership is unchanged and remains at 25,000 Ordinary Shares in total, representing approximately 0.04% of the Company's total voting rights.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transactions.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name
| Daniel Ruback | ||||||
| 2 | Reason for the notification | |||||||
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| Director, a PDMR of the issuer | ||||||
| b) | Initial notification/Amendment
| Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Gama Aviation Plc | ||||||
| b) | LEI | 213800PPPRG2WINUM024 | ||||||
| 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 penny each
ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction
| On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement | ||||||
| c) | Price(s) and volume(s)
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| ||||||
| d) | Aggregated information
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| ||||||
| e) | Date of the transaction
| 17 February 2021 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
For more information contact:
Gama Aviation Plc +44 (0) 1252 553029
Mine Taylor, Company Secretary
Gama Aviation - Notes to Editors
Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.
The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)
More details can be found at: http://www.gamaaviation.com/
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