REG - Airea PLC - Long Term Incentive Plan Awards

AireaAnnouncement

28/06/2024 07:00

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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                                   Tel: +44 (0) 192 426 6561

 Médéric Payne, Chief Executive Officer

 Conleth Campbell, Chief Financial Officer
 Singer Capital Markets                      Tel: +44 (0) 20 7496 3000

(Nominated Adviser and Sole Broker)

 Peter Steel / Sam Butcher
 Northstar Communications                    Tel: +44 (0) 7764 947137

(Financial media and PR)

 Sarah Hollins

 

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/
(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                                          N/a

      - Price

 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                                          N/a

      - Price

 e)   Date of the transaction                                      26 June 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

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