Director/PDMR Shareholding

RNS Number : 0550M

easyJet PLC

22 January 2009

 



easyJet plc

Director/PDMRs shareholdings

22 January 2009

easyJet plc announces that the following directors and PDMRs have been awarded Performance Shares under the easyJet Long Term Incentive Plan ('LTIP'):

	Award 1	Award 2	Total Award
Andrew Harrison	205,039	153,779	358,818
Jeff Carr	125,108	93,831	218,939
Mike Campbell	74,717	56,038	130,755
Toby Nicol	50,390	37,793	88,183
Tim Newing	57,341	43,006	100,347
Cor Vrieswijk	95,569	71,676	167,245

These are subject to the performance conditions shown below:

Award 1 

These awards will vest in three years subject to the satisfaction of Return on Equity targets measured by reference to a three year performance period as follows:

	Threshold (25% vests)	Target (50% vests)	Maximum (100% vests)
Return on Equity Year ending 30 September 2011	7%	10%	13%

Award 2

These awards will vest in three years subject to the satisfaction of a minimum Return on Equity of 10% in the financial year ending 30 September 2011 and the company's short term operational and financial performance based on 2009 annual bonus targets.

End

For further details, please contact

Toby Nicol, Corporate Communications       + 44( 0) 1582  525  339

Rachel Kentleton, Investor Relations            + 44  (0) 7961 754 468

 

END

 

 

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