Director/PDMR Shareholding

RNS Number : 3628F

easyJet PLC

19 February 2015

 

easyJet plc ("the Company")

Director/PDMR shareholding

19 February 2015

The Company announces that on 18 February 2015, the PDMRs set out below exercised their award granted on 4 January 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the number of ordinary shares of 27 and 2/7 pence set out against their names below.   

In addition Mike Campbell sold 2,239 LTIP investment shares, which he already held beneficially, on 18 February 2015. The sale price per share for these shares was £17.463.

Name	Number of LTIP awards exercised	Number of LTIP shares sold	Number of LTIP shares retained	Sale price	Total holding following transaction	% of total voting rights following transaction
Warwick Brady	201,249	94,825	106,424	£17.517	54,822	0.014
Mike Campbell	144,067	144,067(1)	0	£17.463	126,064	0.032

Note 1: The number of 'shares sold' in the table excludes the additional 2,239 LTIP investment shares sold by Mike Campbell as detailed in the second paragraph.

The LTIP award grant on 4 January 2012 was based on a share price of £3.928. The LTIP award vested on 4 January 2015 at 100% of the total award. This 100% vesting required easyJet's ROCE to achieve targets of up to 13%. The targets were based on three year average ROCE (excluding operating lease adjustments) performance for the years ended 30 September 2012, 30 September 2013 and 30 September 2014. The Company achieved an average ROCE of 22.0% for the three financial years ended 30 September 2014.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rules 3.1.2R and 3.1.4R. The Company received notification of the LTIP transactions on 18 February 2015 and Mike Campbell's sale of ordinary shares on 19 February 2015.

For further details, please contact:

Institutional investors and analysts

Will MacLaren, Investor Relations	07961 763 879
Michael Barker	07985 890 939

Media:

Paul Moore, Corporate Communications

07860 794 444

 

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