Long Term Incentive Plan Awards

Source: RNS
RNS Number : 3247U
Airea PLC
28 June 2024
 

 

28 June 2024

AIREA plc

 

("AIREA", the "Group" or the "Company")

 

Long Term Incentive Plan Awards

 

AIREA plc (AIM: AIEA), the UK design-led specialist flooring company, supplying both the UK and international markets, announces that on 26 June 2024, under the terms of the Company's established Long Term Incentive Plan ("LTIP"), nil-cost options over ordinary shares of 25 pence each in the Company ("Ordinary Shares") were granted to Médéric Payne (Chief Executive Officer) and Conleth Campbell (Chief Financial Officer), each a person discharging managerial responsibilities, as follows:

 

Director/PDMR

Existing Number of options granted  pursuant to the LTIP

New options granted pursuant to the LTIP

Total Number of options over Ordinary Shares pursuant to the LTIP

Médéric Payne

500,000

120,000

620,000

Conleth Campbell

0

250,000

250,000

 

Each award has been granted subject to performance conditions based on the Company's earnings before interest, tax and depreciation ("EBITDA") and share price performance over a three-year period ending 31 December 2025.  Each award will, ordinarily, vest on 31 December 2025 and is capable of exercise between 1 January 2026 and 15 December 2032.

Further details of the LTIP were provided in the Company's Annual Report and Accounts for the year ending 31 December 2023 published on 26 March 2024.

- Ends -

 

For further information please contact:

 

AIREA plc

Médéric Payne, Chief Executive Officer

Conleth Campbell, Chief Financial Officer

Tel: +44 (0) 192 426 6561

Singer Capital Markets
(Nominated Adviser and Sole Broker)

Peter Steel / Sam Butcher

Tel: +44 (0) 20 7496 3000

Northstar Communications
(Financial media and PR)

Sarah Hollins

Tel: +44 (0) 7764 947137

 

Notes to Editors

 

AIREA plc is a UK design-led specialist flooring company, supplying both UK and international markets.  Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.

 

The Group's core brand Burmatex® is one of the UK's leading designers and manufacturers of commercial carpet tiles and planks. Burmatex® focuses on the design and creation of sustainable innovative flooring solutions to meet the needs of architects, specifiers and contractors with a continuously developing range to suit the education, leisure, commercial, hospitality and public sectors. The brand was acquired by AIREA in 1984.

 

The Group was admitted to trading on AIM of the London Stock Exchange on 12 December 2007.

 

For further information, please visit: https://aireaplc.com/.

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Médéric Payne

2

Reason for the notification

a)

Position/status

PDMR (Chief Executive Officer)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AIREA plc

b)

LEI

213800FNWL76NCLZU343 

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

Ordinary Shares of 25 pence each


Identification code

GB00BW9PJQ87

b)

Nature of the transaction

Grant of options over Ordinary Shares pursuant to the Company's long term incentive plan

c)

 

Price(s) and volume(s)

 

Price

Volume

Nil cost

Options over 120,000 Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/a

e)

Date of the transaction

26 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Conleth Campbell

2

Reason for the notification

a)

Position/status

PDMR (Chief Financial Officer)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

AIREA plc

b)

LEI

213800FNWL76NCLZU343 

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

Ordinary Shares of 25 pence each


Identification code

GB00BW9PJQ87

b)

Nature of the transaction

Grant of options over Ordinary Shares pursuant to the Company's long term incentive plan

c)

 

Price(s) and volume(s)

 

Price

Volume

Nil cost

Options over 250,000 Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/a

e)

Date of the transaction

26 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

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