Director/PDMR Shareholding

RNS Number : 7045I

easyJet PLC

03 June 2014

 



easyJet plc ("the Company")

Director/PDMR shareholding

3 June 2014

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

Name	Number of awards exercised	Number of Shares sold	Sale Price per Share	Total holding following transaction	% of total voting rights
Trevor Didcock	49,940	49,940	£15.48	19,852	0.005%

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 2 June 2014.

For further details, please contact:

Paul Moore, Corporate Communications	07860 794 444
Ed Simpkins, RLM Finsbury	0207 251 3801
Will MacLaren, Investor Relations	07961 763 879
Michael Barker	07985 890 939

 

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