30th March 2021
Gama Aviation Plc (AIM: GMAA)
("Gama Aviation", "the Company" or "the Group")
Grant and Surrender of Share Options
Gama Aviation, the global business aviation services provider, announces the following transactions in relation to Ordinary Shares of 1 pence each ("Shares"):
1. The Company granted options over a total of 1,025,000 Shares, at 39.0p, to Directors and other employees on 26 March 2021. These options vest in 3 years and have no performance conditions.
2. Options over a total of 2,276,000 Shares previously granted to Directors and other employees were agreed to be surrendered by those employees on 29 March 2021.
3. The Company agreed to grant options over a total of 1,138,000 Shares, at 68.8p, to Directors and other employees on 29 March 2021. These options vest in 3 years and have no performance conditions.
4. The Company agreed to grant options over a total of 1,817,805 Shares, at 1p, to Directors and other employees on 29 March 2021. These options vest in 2024 and are subject to a performance condition based on the Company's average share price over the 30 days following release of the Company's results for the year ending 31 December 2023.
5. The Company granted options over a total of 155,000 Shares, at 1p, to Directors on 29 March 2021. These options vest immediately and have no performance conditions. Of these, an option for 25,000 Shares was granted to Neil Medley in fulfilment of the final tranche of sign on shares due under his employment contract.
The details of these transactions are as follows:
| Name | Position | Transaction 1 | Transaction 2 | Transaction 3 | Transaction 4 | Transaction 5 |
| Peter Brown | Director | 0 | 0 | 0 | 0 | 30,000 |
| Stephen Mount | Director | 0 | 0 | 0 | 0 | 40,000 |
| Michael Howell | Director | 0 | 0 | 0 | 0 | 30,000 |
| Christopher Clarke | Director | 0 | 0 | 0 | 0 | 30,000 |
| Marwan Khalek | Director | 0 | 0 | 0 | 526,526 | 0 |
| Neil Medley | Director | 0 | 0 | 0 | 0 | 25,000 |
| Stephen Wright | Director | 125,000 | -525,000 | 262,500 | 289,099 | 0 |
| Daniel Ruback | Director | 125,000 | 0 | 0 | 348,837 | 0 |
| Mine Taylor | Company Secretary | 50,000 | -190,000 | 95,000 | 133,430 | 0 |
| Scott McVicar | Employee | 40,000 | -120,000 | 60,000 | 123,547 | 0 |
| Janine Tombs | Employee | 20,000 | -45,000 | 22,500 | 40,000 | 0 |
| Mark Smith | Employee | 20,000 | -30,000 | 15,000 | 40,000 | 0 |
| Duncan Daines | Employee | 20,000 | -95,000 | 47,500 | 63,096 | 0 |
| Tim Ford | Employee | 25,000 | -50,000 | 25,000 | 106,831 | 0 |
| Stephen Weatherley | Employee | 40,000 | 0 | 0 | 101,744 | 0 |
| Julia Mahmood | Employee | 5,000 | -15,000 | 7,500 | 0 | 0 |
| John Corser | Employee | 20,000 | 0 | 0 | 44,695 | 0 |
| Other employees | Employee | 535,000 | -1,206,000 | 603,000 | 0 | 0 |
| Total |
| 1,025,000 | -2,276,000 | 1,138,000 | 1,817,805 | 155,000 |
The 4,135,805 granted options represent 6.50% of the total issued share capital in the Company. These together with other previously granted and un-surrendered or unexpired options remains below 10% of the total issued share capital of the company.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Peter Brown | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
30,000 £300 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Stephen Mount | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
40,000 £400 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Michael Howell | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
30,000 £300 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Christopher Clarke | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
30,000 £300 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Marwan Khalek | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
526,526 £5,265.26 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Neil Medley | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
25,000 £250 | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Stephen Wright | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Executive Director | ||||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||||
| b) | Nature of the transaction | Grant of Option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
676,599
£232,240.99 | ||||||||
| e) | Date of the transaction | 26 March 2021: 125,000 shares 29 March 2021: 551,599 shares | ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Stephen Wright | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Director | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
525,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Daniel Ruback | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Executive Director | ||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction | Grant of Option | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
473,837
£52,238.37 | ||||||
| e) | Date of the transaction | 26 March 2021: 125,000 shares 29 March 2021: 348,837 shares | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Mine Taylor | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Company Secretary | ||||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||||
| b) | Nature of the transaction | Grant of Option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
278,430
£86,194.30 | ||||||||
| e) | Date of the transaction | 26 March 2021: 50,000 shares 29 March 2021: 228,430 shares | ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Mine Taylor | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Company Secretary | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
190,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Scott McVicar | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Employee | ||||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||||
| b) | Nature of the transaction | Grant of Option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
223,547 £58,115.47 | ||||||||
| e) | Date of the transaction | 26 March 2021: 40,000 shares 29 March 2021: 183,547 shares | ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Scott McVicar | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Employee | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
120,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Janine Tombs | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Employee | |||||||||
| 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 | 213800PPPRG2WINUMO24 | |||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | |||||||||
| b) | Nature of the transaction | Grant of Option | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price |
82,500 £23,680 | |||||||||
| e) | Date of the transaction | 26 March 2021: 20,000 shares 29 March 2021: 62,500 shares | |||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| |||||||||
| a) | Name | Janine Tombs |
| ||||||||
| 2 | Reason for the notification |
| |||||||||
| a) | Position/status | Employee |
| ||||||||
| 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 | 213800PPPRG2WINUMO24 |
| ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 |
| ||||||||
| b) | Nature of the transaction | Surrender of Option |
| ||||||||
| c) | Price(s) and volume(s) |
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
45,000 N/A |
| ||||||||
| e) | Date of the transaction | 29 March 2021 |
| ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM |
| ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
| a) | Name | Mark Smith | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Employee | |||||||||
| 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 | 213800PPPRG2WINUMO24 | |||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | |||||||||
| b) | Nature of the transaction | Grant of Option | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price |
75,000 £18,520 | |||||||||
| e) | Date of the transaction | 26 March 2021: 20,000 shares 29 March 2021: 55,000 shares | |||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | |||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| |||||||||
| a) | Name | Mark Smith |
| ||||||||
| 2 | Reason for the notification |
| |||||||||
| a) | Position/status | Employee |
| ||||||||
| 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 | 213800PPPRG2WINUMO24 |
| ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 |
| ||||||||
| b) | Nature of the transaction | Surrender of Option |
| ||||||||
| c) | Price(s) and volume(s) |
|
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
30,000 N/A |
| ||||||||
| e) | Date of the transaction | 29 March 2021 |
| ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM |
| ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Duncan Daines | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Employee | ||||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||||
| b) | Nature of the transaction | Grant of Option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
130,596 £41,110.96 | ||||||||
| e) | Date of the transaction | 26 March 2021: 20,000 shares 29 March 2021: 110,596 shares | ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Duncan Daines | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Employee | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
95,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Tim Ford | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Employee | ||||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||||
| b) | Nature of the transaction | Grant of Option | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price |
156,831 £28,018.31 | ||||||||
| e) | Date of the transaction | 26 March 2021: 25,000 shares 29 March 2021: 131,831 shares | ||||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Tim Ford | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Employee | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
50,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Stephen Weatherley | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Employee | ||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction | Grant of Option | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
141,744 £16,617.44 | ||||||
| e) | Date of the transaction | 26 March 2021: 40,000 shares 29 March 2021: 101,744 shares | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Julia Mahmood | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Employee | ||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction | Grant of Option | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
12,500 £7,110 | ||||||
| e) | Date of the transaction | 26 March 2021: 5,000 shares 29 March 2021: 7,500 shares | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Julia Mahmood | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Employee | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
15,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | John Corser | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Employee | ||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction | Grant of Option | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
64,695 £8,246.95 | ||||||
| e) | Date of the transaction | 26 March 2021: 20,000 shares 29 March 2021: 44,695 shares | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name | Other employees | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Employee | ||||||
| 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 | 213800PPPRG2WINUMO24 | ||||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||||
| b) | Nature of the transaction | Grant of Option | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
1,138,000 623,514 | ||||||
| e) | Date of the transaction | 26 March 2021: 535,000 shares 29 March 2021: 603,000 shares | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Other employees | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Employee | ||||
| 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 | 213800PPPRG2WINUMO24 | ||||
| 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 | Option over Ordinary Shares of 1p each ISIN - GB00B3ZP1526 | ||||
| b) | Nature of the transaction | Surrender of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
1,206,000 N/A | ||||
| e) | Date of the transaction | 29 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
ENDS
For further information please visit www.gamaaviation.com or contact:
Gama Aviation Plc +44 (0) 1252 553029
Marwan Khalek, Chief Executive Officer
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
Tom Huddart
W H Ireland +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
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: https://www.gamaaviation.com
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