Director/PDMR Shareholding
Updated : 14:00
AA plc
("AA" or the "Company")
Director/PDMR Shareholding
The Company makes a notification in accordance with the requirements of the EU Market Abuse Regulation that options over a number of ordinary shares of 0.1 pence in the share capital of the Company have been granted to certain senior employees pursuant to the Company's 2015 Performance Share Plan approved by the shareholders of the Company on 9 June 2015, and in line with the Remuneration Policy of the Company approved by shareholders at the 2018 Annual General Meeting.
The options are granted at nil cost and are subject to the satisfaction of stretching performance conditions that directly support the Company's strategy, and include malus, clawback and holding period provisions. The options do not represent any holding of listed shares in the Company, therefore the executive director's shareholdings in the Company are unchanged.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Martin Clarke |
2) | Reason for the notification | |
a) | Position | CFO/PDMR |
b) | Initial / Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | AA plc |
b) | LEI | 213800DTPE4O5OI17349 |
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
| Options over Ordinary shares of 0.1p in the capital of the Company GB00BMSKPJ95 |
b) | Nature of the transaction | Grant of options over Ordinary shares of 0.1p in the capital of the Company |
c) | Price(s) and volume(s)
| Nil priced options over 793,388 Ordinary shares of 0.1p in the capital of the Company
|
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated cost
| N/A |
e) | Date of the transaction | 7 November 2018 |
c) | Place of the transaction | Outside a trading venue |
09 November 2018
Zeeshan Maqbool
Head of Investor Relations
+44 207 395 7303
Nadia Hoosen
General Counsel and Company Secretary
+44 1256 493 032
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