Business
Directors' Dealing
Directors' Dealing.
About this update from Avation Plc
[{"type":"text","content":"\n \n\nRNS: AVAP\n 20 November 2013\n\n AVATION PLC\n (the \"Company\")\n\n DIRECTORS' DEALING\n\nAvation PLC, (LSE: AVAP) the aircraft leasing company, announces that pursuant to the approval given by members\nat the Company AGM, warrants have been allocated today to various members of the executive team of the Company\nas set out below.\n\nThe warrants have been granted subject to the Company's Remuneration Policy which includes vesting mechanisms,\nand claw-back, and involves both short-term incentives and long-term incentives. This grant of warrants is in\naccordance with the authorities and powers given by shareholders at the Company's recent annual general meeting.\n\nThe warrants have been granted at an exercise price of 110 pence per share and each warrant grant is on terms\nthat one third of the warrants will vest at the end of each of the first three years from the date of grant but\nsubject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise\ngranted on terms customary for employee share remuneration.\n\nDetails of the warrants granted are as follows:\n\nRobert Jeffries Chatfield, Director 335,000\nRoderick Mahoney, Director 300,000\nRichard Wolanski, Finance Director 300,000\nDuncan Scott, Group General Counsel 255,000\n\nThe balance of the authorised warrants will be held in reserve.\n\n -ENDS-\n\nMore information on Avation PLC can be seen at: www.avation.net\n\nEnquiries:\n\nAvation PLC \nJeff Chatfield, Executive Chairman +65 973514151\n\nW H Ireland \nHarry Ansell / James Joyce +44 20 7220 1666\n\nLiberum Capital Limited \nChris Bowman / Richard Bootle +44 203 100 2222\n\nBlythe Weigh Communications \nTim Blythe / Eleanor Parry +44 207 138 3204\n\nAvation plc\n ","length":2761,"tagName":"div"}]