TIDMBBA
RNS Number : 6200D
BBA Aviation PLC
27 October 2015
27 October 2015
BBA Aviation plc (the "Company")
Notification of interest in shares of Directors, Persons
Discharging Managerial Responsibilities ("PDMRs") or Connected
Persons
This notification is provided in accordance with paragraph
3.1.4R of the Disclosure and Transparency Rules.
BBA Aviation plc was today notified (in accordance with DTR
3.1.2R) that the following acquisitions of the Company's ordinary
shares of 29 16/21 pence each by directors and PDMRs of the Company
and/or their connected persons took place in London today. Each of
these transactions took place pursuant to the 6 for 5 rights issue
at 133 pence per new ordinary share announced by the Company on 23
September 2015 (the "Rights Issue").
Name of Shares registered Number of Number of ordinary Total beneficial
Director nil paid shares acquired holding following
rights sold pursuant to the Rights
(for tail the Rights Issue Issue
swallowing)(1)
----------------- ------------------- ------------------ ------------------- --------------------------------
Nominee account
Simon Pryce 456,000(2) 213,607
Nominee accounts 364,662(3) 166,000
of connected
Simon Pryce persons 136,400(4) 61,600 1,606,432
----------------- ------------------- ------------------ ------------------- --------------------------------
Nick Land Nominee account 66,000 121,000
----------------- ------------------- ------------------ ------------------- --------------------------------
Peter Ratcliffe Nominee account 18,000 33,000
----------------- ------------------- ------------------ ------------------- --------------------------------
Sir Nigel
Rudd Nominee account 4,800 208,200
----------------- ------------------- ------------------ ------------------- --------------------------------
As a US person, the Rights Issue offer was not available to Peg
Billson and 120,130 new shares were placed on her behalf in the
rump placing at a price of 196 pence on 27 October 2015. Peg
Billson's total beneficial holding following the Rights Issue is
unchanged at 100,109 shares.
(1) Certain directors sold a proportion of their nil paid rights
in order to finance the purchase of the remainder of their rights
(tail swallowing).
(2) 456,000 nil paid rights were sold at a price of 62.4717
pence on 12 October 2015 in order to finance the purchase of the
remainder of the rights of Simon Pryce.
(3) 364,662 nil paid rights were sold at prices ranging from
55.25 pence to 65.06 pence in order to finance the purchase of the
remainder of the rights of Simon Pryce.
(4) 136,400 nil paid rights were sold at prices ranging from
55.25 pence to 65.06 pence in order to finance the purchase of the
remainder of the rights of Simon Pryce's connected persons.
The Company was notified earlier today that, following the
Rights Issue period completed by the Company and pursuant to the
rules of the Company's share plans, adjustments had been made to
awards and options granted under those plans to participants to
take account of the Rights Issue on the basis described below.
The adjustments operate so as to increase the number of shares
subject to options and awards by a factor of 1.39744 and, in the
case of options, to reduce the exercise price per share by a factor
of 0.71559422.
The adjustments to the awards and options held by Directors and
PDMRs of the Company under each plan are set out below:
Simon Pryce
Date of Award Type of Award Number of Number of Exercise price
shares under shares under following
Option or Option or adjustment,
subject subject to if relevant
to award award after
before adjustment adjustment
--------------- ------------------- ------------------- --------------------- ---------------
DPB Conditional
28 May 2013 Award 57,160 79,877 n/a
DPB Matching
28 May 2013 Award 57,160 79,877 n/a
LTIP Conditional
28 May 2013 Award 290,436 405,866 n/a
28 May 2013 LTIP Linked Award 10,464 14,622 n/a
28 May 2013 Approved Options 10,464 14,622 205.1 pence
LTIP Conditional
17 March 2014 Award 339,300 474,151 n/a
DPB Conditional
17 March 2014 Award 69,321 96,871 n/a
177.467366
6 June 2014 Sharesave Options 12,096 16,903 pence
LTIP Conditional
12 March 2015 Award 344,700 481,697 n/a
DPB Conditional
13 March 2015 Award 68,439 95,639 n/a
ELTIP Conditional
11 May 2015 Award 195,658 273,420 n/a
--------------- ------------------- ------------------- --------------------- ---------------
Mike Powell
Date of Award Type of Award Number of Number of Exercise price
shares under shares under following
Option or Option or adjustment,
subject subject to if relevant
to award award after
before adjustment adjustment
--------------- ------------------- --------------------- --------------------- ---------------
26 August LTIP Conditional
2014 Award 152,179 212,661 n/a
26 August
2014 LTIP Linked Award 9,221 12,885 n/a
26 August
2014 Approved Options 9,221 12,885 232.8 pence
LTIP Conditional
12 March 2015 Award 161,600 225,826 n/a
DPB Conditional
13 March 2015 Award 46,927 65,577 n/a
ELTIP Conditional
11 May 2015 Award 124,490 173,967 n/a
--------------- ------------------- --------------------- --------------------- ---------------
Peg Billson
Date of Award Type of Award Number of shares Number of shares
subject to award subject to award
before adjustment after adjustment
--------------- ------------------- ------------------------------ --------------------------------
11 September DPB Conditional
2012 Award 50,641 70,767
11 September DPB Matching
2012 Award 51,723 72,279
DPB Conditional
28 May 2013 Award 41,144 57,496
DPB Matching
28 May 2013 Award 41,579 58,104
LTIP Conditional
28 May 2013 Award 98,300 137,368
DPB Conditional
17 March 2014 Award 26,115 36,494
LTIP Conditional
17 March 2014 Award 111,100 155,255
LTIP Conditional
12 March 2015 Award 131,000 183,064
DPB Conditional
13 March 2015 Award 32,670 45,654
ELTIP Conditional
11 May 2015 Award 72,174 100,858
--------------- ------------------- ------------------------------ --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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