Exercise of Options / PDMR notification
AIREA plc announced that certain Directors and employees, including CEO Médéric Payne and CFO Conleth Campbell, exercised a total of 1,204,464 nil cost options under its Long Term Incentive Plan. Médéric Payne exercised 342,240 options, increasing his enlarged interest to 420,240 shares, representing 1.02% of the company's issued share capital, while Conleth Campbell exercised 138,000 options, bringing his enlarged interest to 238,000 shares, or 0.58%. Both executives have committed to selling a portion of these shares to cover their tax liabilities.
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AIREA plc (AIM: AIEA) announces the exercise of, in total, 1,204,464 nil cost options ("Options") under its Long Term Incentive Plan ("LTIP") by certain Directors and employees, including Médéric Payne (Chief Executive Officer) and Conleth Campbell (Chief Financial Officer), each a person discharging managerial responsibilities ("PDMR"). The ordinary shares of 25 pence each in the Company ("Ordinary Shares") awarded to satisfy the exercise of the Options have been transferred from the Company's Employee Benefit Trust ("EBT") and no new Ordinary Shares issued.
Details of the exercise of options by PDMRs are set out below.
| Director/PDMR | Number of Options exercised | Number of Ordinary Shares received pursuant to the exercise | Enlarged Interest in Ordinary Shares | Enlarged Interest in Ordinary Shares as a Percentage of the Company's issued share capital |
|---|---|---|---|---|
| Médéric Payne | 342,240 | 342,240 | 420,240 | 1.02% |
| Conleth Campbell | 138,000 | 138,000 | 238,000 | 0.58% |
Mr Payne and Mr Campbell have each irrevocably committed to selling such number of Ordinary Shares ("Sales") to cover their respective tax liabilities arising on the exercise of their Options. Details of such Sales will be disclosed once the relevant market trades have taken place.
| 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 | GB0008123027 | ||
| b) | Nature of the transaction | Exercise of options over Ordinary Shares pursuant to the Company's long term incentive plan | |
| c) | Price(s) and volume(s) | Price | Volume |
| Nil cost | 342,240 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction. | |
| e) | Date of the transaction | 8 June 2026 | |
| 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 | GB0008123027 | ||
| b) | Nature of the transaction | Exercise of options over Ordinary Shares pursuant to the Company's long term incentive plan | |
| c) | Price(s) and volume(s) | Price | Volume |
| Nil cost | 138,000 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | |
| e) | Date of the transaction | 8 June 2026 | |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.