REG - Gama Aviation PLC - Grant and Surrender of Share Options
30th March 2021
Gama Aviation Plc (AIM: GMAA)
("Gama Aviation", "the Company" or "the Group")
Grant and Surrender of Share Options
Gama Aviation, the global business aviation services provider, announces the following transactions in relation to Ordinary Shares of 1 pence each ("Shares"):
1. The Company granted options over a total of 1,025,000 Shares, at 39.0p, to Directors and other employees on 26 March 2021. These options vest in 3 years and have no performance conditions.
2. Options over a total of 2,276,000 Shares previously granted to Directors and other employees were agreed to be surrendered by those employees on 29 March 2021.
3. The Company agreed to grant options over a total of 1,138,000 Shares, at 68.8p, to Directors and other employees on 29 March 2021. These options vest in 3 years and have no performance conditions.
4. The Company agreed to grant options over a total of 1,817,805 Shares, at 1p, to Directors and other employees on 29 March 2021. These options vest in 2024 and are subject to a performance condition based on the Company's average share price over the 30 days following release of the Company's results for the year ending 31 December 2023.
5. The Company granted options over a total of 155,000 Shares, at 1p, to Directors on 29 March 2021. These options vest immediately and have no performance conditions. Of these, an option for 25,000 Shares was granted to Neil Medley in fulfilment of the final tranche of sign on shares due under his employment contract.
The details of these transactions are as follows:
Name
Position
Transaction 1
Transaction 2
Transaction 3
Transaction 4
Transaction 5
Peter Brown
Director
0
0
0
0
30,000
Stephen Mount
Director
0
0
0
0
40,000
Michael Howell
Director
0
0
0
0
30,000
Christopher Clarke
Director
0
0
0
0
30,000
Marwan Khalek
Director
0
0
0
526,526
0
Neil Medley
Director
0
0
0
0
25,000
Stephen Wright
Director
125,000
-525,000
262,500
289,099
0
Daniel Ruback
Director
125,000
0
0
348,837
0
Mine Taylor
Company Secretary
50,000
-190,000
95,000
133,430
0
Scott McVicar
Employee
40,000
-120,000
60,000
123,547
0
Janine Tombs
Employee
20,000
-45,000
22,500
40,000
0
Mark Smith
Employee
20,000
-30,000
15,000
40,000
0
Duncan Daines
Employee
20,000
-95,000
47,500
63,096
0
Tim Ford
Employee
25,000
-50,000
25,000
106,831
0
Stephen Weatherley
Employee
40,000
0
0
101,744
0
Julia Mahmood
Employee
5,000
-15,000
7,500
0
0
John Corser
Employee
20,000
0
0
44,695
0
Other employees
Employee
535,000
-1,206,000
603,000
0
0
Total
1,025,000
-2,276,000
1,138,000
1,817,805
155,000
The 4,135,805 granted options represent 6.50% of the total issued share capital in the Company. These together with other previously granted and un-surrendered or unexpired options remains below 10% of the total issued share capital of the company.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Peter Brown
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
30,000
d)
Aggregated information
- Aggregated volume
- Price
30,000
£300
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Mount
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
40,000
d)
Aggregated information
- Aggregated volume
- Price
40,000
£400
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Michael Howell
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
30,000
d)
Aggregated information
- Aggregated volume
- Price
30,000
£300
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Christopher Clarke
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
30,000
d)
Aggregated information
- Aggregated volume
- Price
30,000
£300
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Marwan Khalek
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
526,526
d)
Aggregated information
- Aggregated volume
- Price
526,526
£5,265.26
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Neil Medley
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1p
25,000
d)
Aggregated information
- Aggregated volume
- Price
25,000
£250
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Wright
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
125,000
68.8p
262,500
1p
289,099
d)
Aggregated information
- Aggregated volume
- Price
676,599
£232,240.99
e)
Date of the transaction
26 March 2021: 125,000 shares
29 March 2021: 551,599 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Wright
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
525,000
d)
Aggregated information
- Aggregated volume
- Price
525,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Daniel Ruback
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
125,000
1p
348,837
d)
Aggregated information
- Aggregated volume
- Price
473,837
£52,238.37
e)
Date of the transaction
26 March 2021: 125,000 shares
29 March 2021: 348,837 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mine Taylor
2
Reason for the notification
a)
Position/status
Company Secretary
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
50,000
68.8p
95,000
1p
133,430
d)
Aggregated information
- Aggregated volume
- Price
278,430
£86,194.30
e)
Date of the transaction
26 March 2021: 50,000 shares
29 March 2021: 228,430 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mine Taylor
2
Reason for the notification
a)
Position/status
Company Secretary
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
190,000
d)
Aggregated information
- Aggregated volume
- Price
190,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Scott McVicar
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
40,000
68.8p
60,000
1p
123,547
d)
Aggregated information
- Aggregated volume
- Price
223,547
£58,115.47
e)
Date of the transaction
26 March 2021: 40,000 shares
29 March 2021: 183,547 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Scott McVicar
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
120,000
d)
Aggregated information
- Aggregated volume
- Price
120,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Janine Tombs
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
20,000
68.8p
22,500
1p
40,000
d)
Aggregated information
- Aggregated volume
- Price
82,500
£23,680
e)
Date of the transaction
26 March 2021: 20,000 shares
29 March 2021: 62,500 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Janine Tombs
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
45,000
d)
Aggregated information
- Aggregated volume
- Price
45,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mark Smith
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
20,000
68.8p
15,000
1p
40,000
d)
Aggregated information
- Aggregated volume
- Price
75,000
£18,520
e)
Date of the transaction
26 March 2021: 20,000 shares
29 March 2021: 55,000 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mark Smith
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
30,000
d)
Aggregated information
- Aggregated volume
- Price
30,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Duncan Daines
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
20,000
68.8p
47,500
1p
63,096
d)
Aggregated information
- Aggregated volume
- Price
130,596
£41,110.96
e)
Date of the transaction
26 March 2021: 20,000 shares
29 March 2021: 110,596 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Duncan Daines
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
95,000
d)
Aggregated information
- Aggregated volume
- Price
95,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tim Ford
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
25,000
68.8p
25,000
1p
106,831
d)
Aggregated information
- Aggregated volume
- Price
156,831
£28,018.31
e)
Date of the transaction
26 March 2021: 25,000 shares
29 March 2021: 131,831 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tim Ford
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
50,000
d)
Aggregated information
- Aggregated volume
- Price
50,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Stephen Weatherley
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
40,000
1p
101,744
d)
Aggregated information
- Aggregated volume
- Price
141,744
£16,617.44
e)
Date of the transaction
26 March 2021: 40,000 shares
29 March 2021: 101,744 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Julia Mahmood
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
5,000
68.8p
7,500
d)
Aggregated information
- Aggregated volume
- Price
12,500
£7,110
e)
Date of the transaction
26 March 2021: 5,000 shares
29 March 2021: 7,500 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Julia Mahmood
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
15,000
d)
Aggregated information
- Aggregated volume
- Price
15,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
John Corser
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
20,000
1p
44,695
d)
Aggregated information
- Aggregated volume
- Price
64,695
£8,246.95
e)
Date of the transaction
26 March 2021: 20,000 shares
29 March 2021: 44,695 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Other employees
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Grant of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
39p
535,000
68.8p
603,000
d)
Aggregated information
- Aggregated volume
- Price
1,138,000
623,514
e)
Date of the transaction
26 March 2021: 535,000 shares
29 March 2021: 603,000 shares
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Other employees
2
Reason for the notification
a)
Position/status
Employee
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Gama Aviation Plc
b)
LEI
213800PPPRG2WINUMO24
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
Identification code
Option over Ordinary Shares of 1p each
ISIN - GB00B3ZP1526
b)
Nature of the transaction
Surrender of Option
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
1,206,000
d)
Aggregated information
- Aggregated volume
- Price
1,206,000
N/A
e)
Date of the transaction
29 March 2021
f)
Place of the transaction
London Stock Exchange, AIM
ENDS
For further information please visit www.gamaaviation.com or contact:
Gama Aviation Plc +44 (0) 1252 553029
Marwan Khalek, Chief Executive Officer
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
Tom Huddart
W H Ireland +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Gama Aviation - Notes to Editors
Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.
The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)
More details can be found at: https://www.gamaaviation.com
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