Airea PLC - Long Term Incentive Plan Awards

RNS Number : 3247U

Airea PLC

28 June 2024

AIREA plc

("AIREA", the "Group" or the "Company")

Long Term Incentive Plan Awards

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.

- Ends -

For further information please contact:

AIREA plc

Médéric Payne, Chief Executive Officer

Conleth Campbell, Chief Financial Officer

Tel: +44 (0) 192 426 6561

Singer Capital Markets
(Nominated Adviser and Sole Broker)

Peter Steel / Sam Butcher

Tel: +44 (0) 20 7496 3000

Northstar Communications
(Financial media and PR)

Sarah Hollins

Tel: +44 (0) 7764 947137

Notes to Editors

AIREA plc is a UK design-led specialist flooring company, supplying both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.

The Group's core brand Burmatex® is one of the UK's leading designers and manufacturers of commercial carpet tiles and planks. Burmatex® focuses on the design and creation of sustainable innovative flooring solutions to meet the needs of architects, specifiers and contractors with a continuously developing range to suit the education, leisure, commercial, hospitality and public sectors. The brand was acquired by AIREA in 1984.

The Group was admitted to trading on AIM of the London Stock Exchange on 12 December 2007.

For further information, please visit: https://aireaplc.com/.

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	Médéric Payne
2	Reason for the notification
a)	Position/status	PDMR (Chief Executive Officer)
b)	Initial notification /Amendment	Initial notification
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 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
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 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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