Director/PDMR Shareholding

RNS Number : 8030H

easyJet PLC

22 May 2014

 



easyJet plc ("the Company")

Director/PDMR shareholding

22 May 2014

The Company announces that on 21 May 2014, the PDMR set out below exercised her award under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the resulting number of ordinary shares of 27 and 2/7 pence ('Shares') set out against her name:

Name	Number of awards exercised	Number of Shares sold	Sale Price per Share	Number of Shares retained	Total holding following transaction	% of total voting rights following transaction
Rachel Kentleton	24,000	20,820	£15.47	3,180	5,918	0.0015%

The LTIP award was granted on 31 March 2011 based on a share price of £3.379. The LTIP award vested on 31 March 2014 at 100% of the total award. This 100% vesting required easyJet's Return on Capital Employed (ROCE) to achieve the target of 12% (if the award was the equivalent of up to 100% salary) or 13% (if the award was the equivalent of between 100% and 200% of salary). The ROCE targets were based on ROCE (excluding operating lease adjustments) for the financial year ending 30 September 2013.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rule 3.1.2R and 3.1.4R. The Company received notification of this transaction on 21 May 2014.

For further details, please contact:

Paul Moore, Corporate Communications	07860 794 444
Will MacLaren, Investor Relations	07961 763 879

 

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