TIDMGMAA

RNS Number : 0299U

Gama Aviation PLC

30 March 2021

30(th) March 2021

Gama Aviation Plc (AIM: GMAA)

("Gama Aviation", "the Company" or "the Group")

Grant and Surrender of Share Options

Gama Aviation, the global business aviation services provider, announces the following transactions in relation to Ordinary Shares of 1 pence each ("Shares"):

1. The Company granted options over a total of 1,025,000 Shares, at 39.0p, to Directors and other employees on 26 March 2021. These options vest in 3 years and have no performance conditions.

2. Options over a total of 2,276,000 Shares previously granted to Directors and other employees were agreed to be surrendered by those employees on 29 March 2021.

3. The Company agreed to grant options over a total of 1,138,000 Shares, at 68.8p, to Directors and other employees on 29 March 2021. These options vest in 3 years and have no performance conditions.

4. The Company agreed to grant options over a total of 1,817,805 Shares, at 1p, to Directors and other employees on 29 March 2021. These options vest in 2024 and are subject to a performance condition based on the Company's average share price over the 30 days following release of the Company's results for the year ending 31 December 2023.

5. The Company granted options over a total of 155,000 Shares, at 1p, to Directors on 29 March 2021. These options vest immediately and have no performance conditions. Of these, an option for 25,000 Shares was granted to Neil Medley in fulfilment of the final tranche of sign on shares due under his employment contract.

The details of these transactions are as follows:

 
 Name                  Position      Transaction   Transaction   Transaction   Transaction   Transaction 
                                          1             2             3             4             5 
 Peter Brown           Director                0             0             0             0        30,000 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Stephen Mount         Director                0             0             0             0        40,000 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Michael Howell        Director                0             0             0             0        30,000 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Christopher 
  Clarke               Director                0             0             0             0        30,000 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Marwan Khalek         Director                0             0             0       526,526             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Neil Medley           Director                0             0             0             0        25,000 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Stephen Wright        Director          125,000      -525,000       262,500       289,099             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Daniel Ruback         Director          125,000             0             0       348,837             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
                       Company 
 Mine Taylor            Secretary         50,000      -190,000        95,000       133,430             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Scott McVicar         Employee           40,000      -120,000        60,000       123,547             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Janine Tombs          Employee           20,000       -45,000        22,500        40,000             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Mark Smith            Employee           20,000       -30,000        15,000        40,000             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Duncan Daines         Employee           20,000       -95,000        47,500        63,096             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Tim Ford              Employee           25,000       -50,000        25,000       106,831             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Stephen Weatherley    Employee           40,000             0             0       101,744             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Julia Mahmood         Employee            5,000       -15,000         7,500             0             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 John Corser           Employee           20,000             0             0        44,695             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Other employees       Employee          535,000    -1,206,000       603,000             0             0 
                      ------------  ------------  ------------  ------------  ------------  ------------ 
 Total                                 1,025,000    -2,276,000     1,138,000     1,817,805       155,000 
                                    ------------  ------------  ------------  ------------  ------------ 
 

The 4,135,805 granted options represent 6.50% of the total issued share capital in the Company. These together with other previously granted and un-surrendered or unexpired options remains below 10% of the total issued share capital of the company.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Peter Brown 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         30,000 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                30,000 
       volume                      GBP300 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Stephen Mount 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         40,000 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                40,000 
       volume                      GBP400 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Michael Howell 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         30,000 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                30,000 
       volume                      GBP300 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Christopher Clarke 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         30,000 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                30,000 
       volume                      GBP300 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Marwan Khalek 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         526,526 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                526,526 
       volume                      GBP5,265.26 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Neil Medley 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    1p         25,000 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                25,000 
       volume                      GBP250 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Stephen Wright 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        125,000 
                                              ========== 
                                    68.8p      262,500 
                                              ========== 
                                    1p         289,099 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                676,599 
       volume 
       - Price                     GBP232,240.99 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 125,000 shares 
       transaction                29 March 2021: 551,599 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Stephen Wright 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         525,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                525,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Daniel Ruback 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Executive Director 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        125,000 
                                              ========== 
                                    1p         348,837 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                473,837 
       volume 
       - Price                     GBP52,238.37 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 125,000 shares 
       transaction                29 March 2021: 348,837 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Mine Taylor 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Company Secretary 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        50,000 
                                              ========== 
                                    68.8p      95,000 
                                              ========== 
                                    1p         133,430 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                278,430 
       volume 
       - Price                     GBP86,194.30 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 50,000 shares 
       transaction                29 March 2021: 228,430 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Mine Taylor 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Company Secretary 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         190,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                190,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Scott McVicar 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        40,000 
                                              ========== 
                                    68.8p      60,000 
                                              ========== 
                                    1p         123,547 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                223,547 
       volume                      GBP58,115.47 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 40,000 shares 
       transaction                29 March 2021: 183,547 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Scott McVicar 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         120,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                120,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Janine Tombs 
     -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  ---------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  ---------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        20,000 
                                              ========== 
                                    68.8p      22,500 
                                              ========== 
                                    1p         40,000 
                                              ========== 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                82,500 
       volume                      GBP23,680 
       - Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the                26 March 2021: 20,000 shares 
       transaction                29 March 2021: 62,500 shares 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  ---------------------------------------------- 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                       Janine Tombs 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         45,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                45,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Mark Smith 
     -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  ---------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  ---------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  ---------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        20,000 
                                              ========== 
                                    68.8p      15,000 
                                              ========== 
                                    1p         40,000 
                                              ========== 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                75,000 
       volume                      GBP18,520 
       - Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the                26 March 2021: 20,000 shares 
       transaction                29 March 2021: 55,000 shares 
     -------------------------  ---------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  ---------------------------------------------- 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                       Mark Smith 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         30,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                30,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Duncan Daines 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        20,000 
                                              ========== 
                                    68.8p      47,500 
                                              ========== 
                                    1p         63,096 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                130,596 
       volume                      GBP41,110.96 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 20,000 shares 
       transaction                29 March 2021: 110,596 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Duncan Daines 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         95,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                95,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Tim Ford 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        25,000 
                                              ========== 
                                    68.8p      25,000 
                                              ========== 
                                    1p         106,831 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                156,831 
       volume                      GBP28,018.31 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 25,000 shares 
       transaction                29 March 2021: 131,831 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Tim Ford 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         50,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                50,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Stephen Weatherley 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        40,000 
                                              ========== 
                                    1p         101,744 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                141,744 
       volume                      GBP16,617.44 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 40,000 shares 
       transaction                29 March 2021: 101,744 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Julia Mahmood 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        5,000 
                                              ========== 
                                    68.8p      7,500 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                12,500 
       volume                      GBP7,110 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 5,000 shares 
       transaction                29 March 2021: 7,500 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Julia Mahmood 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         15,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                15,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       John Corser 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Grant of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    39p        20,000 
                                              ========== 
                                    1p         44,695 
                                              ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                64,695 
       volume                      GBP8,246.95 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                26 March 2021: 20,000 shares 
       transaction                29 March 2021: 44,695 shares 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                        Other employees 
      --------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status             Employee 
      --------------------------  -------------------------------------------- 
 b)    Initial Notification        Initial Notification 
        Amendment 
      --------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                        Gama Aviation Plc 
      --------------------------  -------------------------------------------- 
 b)    LEI                         213800PPPRG2WINUMO24 
      --------------------------  -------------------------------------------- 
 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                 Option over Ordinary Shares of 1p each 
        of the financial            ISIN - GB00B3ZP1526 
        instrument, 
        type of 
        instrument 
        Identification 
        code 
      --------------------------  -------------------------------------------- 
 b)    Nature of                   Grant of Option 
        the transaction 
      --------------------------  -------------------------------------------- 
 c)    Price(s) and                  Price(s)   Volume(s) 
        volume(s)                     39p        535,000 
                                                ========== 
                                      68.8p      603,000 
                                                ========== 
      --------------------------  -------------------------------------------- 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                          1,138,000 
                                     623,514 
 -------------------------------  -------------------------------------------- 
 e)    Date of the                 26 March 2021: 535,000 shares 
        transaction                 29 March 2021: 603,000 shares 
      --------------------------  -------------------------------------------- 
 f)    Place of the                London Stock Exchange, AIM 
        transaction 
      --------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Other employees 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Employee 
     -------------------------  -------------------------------------------- 
 b)   Initial Notification       Initial Notification 
       Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Gama Aviation Plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800PPPRG2WINUMO24 
     -------------------------  -------------------------------------------- 
 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                Option over Ordinary Shares of 1p each 
       of the financial           ISIN - GB00B3ZP1526 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of                  Surrender of Option 
       the transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and                 Price(s)    Volume(s) 
       volume(s)                    N/A         1,206,000 
                                               ========== 
     -------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated                1,206,000 
       volume                      N/A 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                29 March 2021 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               London Stock Exchange, AIM 
       transaction 
     -------------------------  -------------------------------------------- 
 
S
   For further information please visit   www.gamaaviation.com  or contact: 
   Gama Aviation Plc                                             +44 (0) 1252 553029 

Marwan Khalek, Chief Executive Officer

   Camarco                                                             +44 (0) 20 3757 4992 

Ginny Pulbrook

Geoffrey Pelham-Lane

Tom Huddart

   W H Ireland                                                         +44 (0) 207 220 1666 

James Joyce

James Sinclair-Ford

Gama Aviation - Notes to Editors

Founded in 1983 on the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)

More details can be found at: https://www.gamaaviation.com

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.

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END

DSHFLFFDVTIIVIL

(END) Dow Jones Newswires

March 30, 2021 13:30 ET (17:30 GMT)

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