BBA Aviation PLC Director/PDMR Shareholding (8691Z)

TIDMBBA

RNS Number : 8691Z

BBA Aviation PLC

17 March 2017

Director / PDMR Shareholding

The following announcement and notification is made in accordance with Article 19 of the EU Market Abuse Regulation.

Deferred Stock Plan

On 17 March 2017, Simon Pryce (Group Chief Executive), was granted a conditional share award over 162,825 BBA Aviation plc ordinary shares of 29(16/21) pence under the terms of the Company's 2015 Deferred Stock Plan.

The conditional share award is subject to full or partial forfeiture if the director leaves within three years of the award.

Long-Term Incentive Plan

On 17 March 2017, Simon Pryce (Group Chief Executive), was granted a conditional share award over 426,714 BBA Aviation plc ordinary shares of 29(16/21) pence each under the terms of the Company's 2015 Long-Term Incentive Plan to the director listed below.

The conditional share award is subject to the achievement of performance conditions and if it vests will be released at nil cost in accordance with the Plan Rules. The award is also subject to an additional holding period of 2 years from the date on which the award vests.

The form required under the EU Market Abuse Regulation follows.

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                    Simon Pryce 
---  ----------------------  -------------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status         Group Chief Executive 
---  ----------------------  -------------------------------------- 
 b)   Initial Notification    Initial notification 
       / Amendment 
---  ----------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                    BBA Aviation plc 
---  ----------------------  -------------------------------------- 
 b)   LEI                     2138001T2QEV5RXMFI32 
---  ----------------------  -------------------------------------- 
 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             Conditional awards over Ordinary 
       of the financial        Shares 
       instrument,             ISIN: GB00B1FP8915 
       type of instrument 
       and Identification 
       code 
---  ----------------------  -------------------------------------- 
 b)   Nature of transaction   Conditional share awards made 
                               under the Company's Deferred Stock 
                               Plan and Long-Term Incentive Plan 
---  ----------------------  -------------------------------------- 
 c)   Price(s) and            Award over 162,825 conditional 
       volume(s)               shares under the Deferred Stock 
                               Plan 
---  ---------------------- 
                              Award over 426,714 conditional 
                               shares under the Long-Term Incentive 
                               Plan 
---  ----------------------  -------------------------------------- 
 d)   Aggregated 
       information: 
       Volume, Price 
---  ----------------------  -------------------------------------- 
 e)   Date of the             17 March 2017 
       transaction 
---  ----------------------  -------------------------------------- 
 f)   Place of the            Grant of share awards occurred 
       transaction             outside a trading venue 
---  ----------------------  --------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKODDOBKDQND

(END) Dow Jones Newswires

March 17, 2017 13:16 ET (17:16 GMT)

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