Long Term Incentive Plan Awards
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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.
| a) | Name | Médéric Payne | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR (Chief Executive Officer) | |
| b) | Initial notification /Amendment | Initial notification | |
| a) | Name | AIREA plc | |
| b) | LEI | 213800FNWL76NCLZU343 | |
| 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 | |
| a) | Name | AIREA plc | |
| b) | LEI | 213800FNWL76NCLZU343 | |
| 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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