TIDMAIEA

RNS Number : 4686T

Airea PLC

14 November 2019

AIREA PLC

("the Company")

Long Term Incentive Plan Awards

AIREA plc (LSE: AIEA), the manufacturer, marketer and distributor of floor coverings, announces that on 14 November 2019, under the terms of the Company's recently established Long Term Incentive Plan ("LTIP"), nil-cost options over 412,500 ordinary shares of 25 pence each in the Company ("Ordinary Shares") were granted to Group Finance Director, Paul Stevenson.

Each award has been granted subject to performance conditions based on the Company's operating profit over a three year period ending 30 June 2022. Each award will, ordinarily, vest on the third anniversary of the grant.

Further details of the LTIP will be provided in the Company's Annual Report and Accounts for the year ending 31 December 2019 to be published in 2020.

AIREA plc

Martin Toogood, Chairman

01924 266561

N+1 Singer, Nominated Adviser and Broker

Peter Steel / Ben Farrow

0207 496 3000

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                            Paul Stevenson 
     ------------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                 PDMR (Group Finance Director) 
     ------------------------------  ---------------------------------------- 
 b)   Initial notification            Initial notification 
       /Amendment 
     ------------------------------  ---------------------------------------- 
 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              Ordinary Shares of 25 pence each 
       financial instrument, 
       type of instrument 
      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         412,500 options 
                                                      over Ordinary Shares 
     ------------------------------  -----------  --------------------------- 
 d)   Aggregated information 
       - Aggregated volume              N/a 
       - Price 
     ------------------------------  ---------------------------------------- 
 e)   Date of the transaction         14 November 2019 
     ------------------------------  ---------------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  ----------------------------------------

Name of authorised official of issuer responsible for making notification:

Paul Stevenson

Company Secretary to AIREA plc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHXZLFFKFFEFBB

(END) Dow Jones Newswires

November 14, 2019 08:52 ET (13:52 GMT)

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