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On 26 June 2024, AIREA plc granted nil-cost options over ordinary shares of 25 pence each to Médéric Payne (Chief Executive Officer) and Conleth Campbell (Chief Financial Officer) under its Long Term Incentive Plan. Médéric Payne received 120,000 new options, bringing his total to 620,000, while Conleth Campbell received 250,000 new options. These awards will vest on 31 December 2025, subject to performance conditions, and are exercisable between 1 January 2026 and 15 December 2032.
| Date | 28 Jun 2024 |
| Time | 07:00:15 |
| Category | Director/PDMR dealings |
| ID | 3247U |
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 Peter Steel / Sam Butcher |
Tel: +44 (0) 20 7496 3000 |
|
Northstar Communications 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 |
|