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easyJet PLC (EZJ)

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Friday 20 December, 2019

easyJet PLC

Director/PDMR Shareholding

RNS Number : 7190X
easyJet PLC
20 December 2019
 

easyJet plc

(the "Company")

 

Director/PDMR shareholding

20 December 2019

The Company announces the following transactions by Executive Directors and PDMRs.

1.       The Executive Directors and PDMRs were granted awards under the Company's Long Term Incentive Plan (LTIP) and Deferred Share Bonus Plan (DSBP) on 19 December 2019 as set out below.

LTIP Awards

Name

Number of shares subject to Award

Johan Lundgren

129,461

Andrew Findlay

76,976

Ella Bennett

33,854

Lis Blair

29,791

Maaike de Bie

37,473

Robert Carey

38,223

Thomas Haagensen

29,533

Flic Howard-Allen

26,210

Sam Kini

30,440

Garry Wilson

49,965

Each of the LTIP Awards are in the form of a nil-cost option, other than awards for Robert Carey which are granted as conditional awards.

The LTIP Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 19 December 2022) subject to the grantee's continued employment and to the extent to which the average Return of Capital Employed (ROCE), total headline Earnings Per Share (EPS) and relative total shareholder return (TSR) performance conditions set for the LTIP Awards are met, summary details of which are shown further below. 

In addition, as disclosed in the Company's 2019 Annual report and accounts, the Executive Directors are required to retain the after-tax value of any shares under the LTIP award for a further two years from the vesting date (i.e. until 19 December 2024). The Executive Directors are also expected to build and maintain a shareholding equivalent of at least 200% of salary (CEO) 175% of salary (CFO) over a five year period following appointment.

Average headline ROCE (40% of total award)

< 9.5%

9.5%

11.5%

13.5%

Below threshold

(0% vesting)

Threshold (25% vesting)

On-target (50% vesting)

Maximum (100% vesting)

 

Aggregate headline EPS (40% of total award)

< 288 pence

288 pence

310 pence

335 pence

Below threshold

(0% vesting)

Threshold (25% vesting)

On-target (50% vesting)

Maximum (100% vesting)

 

Ranking of easyJet's TSR (20% of total award)

< Median

Median

Upper quartile

Below threshold

(0% vesting)

Threshold

(25% vesting)

Maximum

(100% vesting)

 

The LTIP Awards part-vest on a straight-line basis between these points.

The LTIP ROCE targets set out above are based on average headline ROCE over the three-year performance period (being three years from 1 October 2019).

The EPS targets set out above are based on the aggregate of the headline EPS for each financial year of the same three-year performance period.

The TSR targets are based on relative TSR performance over the same three-year performance period. The Company's TSR performance as compared to the TSRs of a comparator group of companies being those ranked FTSE 51 to 150 at the start of the performance period. Three-month averaging periods are used prior to the start and end of the performance period. Regardless of relative TSR performance, in addition, easyJet must have achieved positive absolute TSR performance over the performance period for any part of the TSR element to be capable of vesting.

The Remuneration Committee believes these targets are suitably stretching and reasonable taking account of current market consensus and the uncertain economic and political environment.

              DSBP Awards

Name

Number of shares subject to Award

Johan Lundgren

5,282

Andrew Findlay

3,586

Ella Bennett

678

Lis Blair

581

Maaike de Bie

246

Robert Carey

919

Thomas Haagensen

591

Flic Howard-Allen

525

Garry Wilson

3,439

Each of the DSBP Awards are in the form of a nil-cost option, other than awards for Robert Carey which are granted as conditional awards.

The DSBP Awards relate to a required deferral of a portion of annual bonus and shall ordinarily vest and become exercisable on the third anniversary of their grant date (i.e. on 19 December 2022) subject to the grantee's continued employment.

Further details relating to the operation of the LTIP and DSBP can be found within the 2019 Annual Report and Accounts which are available on the Company's website.

2.      The following Executive Directors and PDMRs have exercised awards that vested on 19 December 2019 as set out below.

Name

Type of Award

Exercise cost

Exercise date

Number of awards exercised

Number of shares sold to cover tax liabilities*

Number of shares retained

Lis Blair

LTIP Award

Nil

19.12.19

3,858

1,819

2,039

LTIP Dividend Award

Nil

19.12.19

514

242

272

Andrew Findlay

LTIP Award

Nil

19.12.19

62,080

29,267

32,813

LTIP Dividend Award

Nil

19.12.19

8,276

3,890

4,386

DSBP Award

Nil

19.12.19

4,985

2,343

2,642

DSBP Dividend Award

Nil

19.12.19

665

313

352

Flic Howard-Allen

Restricted Stock

Nil

20.12.19

6,720

3,167

3,553

Restricted Stock Dividend Award

Nil

20.12.19

342

161

181

Garry Wilson

LTIP Award

Nil

20.12.19

6,419

3,025

3,394

LTIP Dividend Award

Nil

20.12.19

327

154

173

Restricted Stock

Nil

20.12.19

18,341

8,643

9,698

Restricted Stock Dividend Award

Nil

20.12.19

935

440

495

               

* The shares were sold at a price of £14.29 for Lis Blair and Andrew Findlay on 19 December 2019, and at a price of £14.16 for Garry Wilson and £14.11 for Flic Howard-Allen on 20 December 2019.

               

In case of queries please contact:

 

Michael Barker, Investor Relations

07985 890939

Anna Knowles, Corporate Communications

07985 873313

Dorothy Burwell/Ed Simpkins, Finsbury

020 7251 3801

 

 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Johan Lundgren

 

2.

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1.    Grant of LTIP Award under the easyJet Long Term Incentive Plan at nil cost. 

2.    Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

129,461

2. DSBP award

Nil

5,282

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 134,743

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Andrew Findlay

 

2.

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1.    Grant of LTIP Award under the easyJet Long Term Incentive Plan at nil cost. 

2.    Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

76,976

2. DSBP award

Nil

3,586

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 80,562

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Exercise of LTIP Awards at nil cost.

2. Exercise of LTIP Dividend Awards at nil cost.

3. Exercise of DSBP Awards at nil cost.

4. Exercise of DSBP Dividend Awards at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP Award exercise

Nil

62,080

2. LTIP Dividend Award exercise

Nil

8,276

3. DSBP Award exercise

Nil

4,985

4. DSBP Dividend Award exercise

Nil

665

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume:  76,006

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Sale of shares resulting from LTIP Award exercise to cover tax liabilities.

2. Sale of shares resulting from LTIP Dividend Award exercise to cover tax liabilities.

3. Sale of shares resulting from DSBP Award exercise to cover tax liabilities.

4. Sale of shares resulting from DSBP Dividend Award exercise to cover tax liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Sale of LTIP Award shares

£14.29

29,267

2. Sale of LTIP Dividend Award shares

£14.29

3,890

3. Sale of DSBP Award shares

£14.29

2,343

4. Sale of DSBP Dividend Award shares

£14.29

313

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 35,813

 

GBP £14.29

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

XLON

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Ella Bennett

 

2.

Reason for the notification

a)

Position/status

Group People Director

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1.    Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2.    Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

33,854

2. DSBP award

Nil

678

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 34,532

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Lis Blair

 

2.

Reason for the notification

a)

Position/status

Chief Marketing Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

29,791

2. DSBP award

Nil

581

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 30,372

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Exercise of LTIP Awards at nil cost.

2. Exercise of LTIP Dividend Awards at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP Award exercise

Nil

3,858

2. LTIP Dividend Award exercise

Nil

514

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 4,372

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Sale of shares resulting from LTIP Award exercise to cover tax liabilities.

2. Sale of shares resulting from LTIP Dividend Award exercise to cover tax liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Sale of LTIP Award shares

£14.29

1,819

2. Sale of LTIP Dividend Award shares

£14.29

242

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 2,061

 

GBP £14.29

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

XLON

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Maaike de Bie

 

2.

Reason for the notification

a)

Position/status

Group General Counsel & Company Secretary

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

37,473

2. DSBP award

Nil

246

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 37,719

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Robert Carey

 

2.

Reason for the notification

a)

Position/status

Chief Commercial Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

38,223

2. DSBP award

Nil

919

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 39,142

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Thomas Haagensen

 

2.

Reason for the notification

a)

Position/status

Group Markets Director

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

29,533

2. DSBP award

Nil

591

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 30,124

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Flic Howard-Allen

 

2.

Reason for the notification

a)

Position/status

Chief Communications Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

26,210

2. DSBP award

Nil

525

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 26,735

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Exercise of Restricted Stock Awards at nil cost.

2. Exercise of Restricted Stock Dividend Awards at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Restricted Stock Award exercise

Nil

6,720

2. Restricted Stock Dividend Award exercise

Nil

342

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 7,062

 

GBP Nil

e)

Date of the transaction

2019-12-20

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Sale of shares resulting from Restricted Stock Award exercise to cover tax liabilities.

2. Sale of shares resulting from Restricted Stock Dividend Award exercise to cover tax liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Sale of Restricted Stock Award shares

£14.11

3,167

2. Sale of Restricted Stock Dividend Award shares

£14.11

161

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 3,328

 

GBP £14.11

e)

Date of the transaction

2019-12-20

f)

Place of the transaction

XLON

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Sam Kini

 

2.

Reason for the notification

a)

Position/status

Chief Data & Information Officer

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost. 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

LTIP award

Nil

30,440

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume:

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Garry Wilson

 

2.

Reason for the notification

a)

Position/status

CEO, easyJet Holidays

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Grant of LTIP Award under the easyJet Long Term and Matching Share Plan at nil cost.  

2. Grant of DSBP Award under the easyJet Deferred Share Bonus Plan at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP award

Nil

49,965

2. DSBP award

Nil

3,439

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 53,404

 

GBP Nil

e)

Date of the transaction

2019-12-19

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Exercise of LTIP Awards at nil cost.

2. Exercise of LTIP Dividend Awards at nil cost.

3. Exercise of Restricted Stock Awards at nil cost.

4. Exercise of Restricted Stock Dividend Awards at nil cost.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. LTIP Award exercise

Nil

6,419

2. LTIP Dividend Award exercise

Nil

327

3. Restricted Stock Award exercise

Nil

 

18,341

4. Restricted Stock Dividend Award exercise

Nil

935

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 26,022

 

GBP Nil

e)

Date of the transaction

2019-12-20

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary share of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

1. Sale of shares resulting from LTIP Award exercise to cover tax liabilities.

2. Sale of shares resulting from LTIP Dividend Award exercise to cover tax liabilities.

3. Sale of shares resulting from Restricted Stock Award exercise to cover tax liabilities.

4. Sale of shares resulting from Restricted Stock Dividend Award exercise to cover tax liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1. Sale of LTIP Award shares

£14.16

3,025

2. Sale of LTIP Dividend Award shares

£14.16

154

3. Sale of Restricted Stock Award shares

£14.16

8,643

4. Sale of Restricted Stock Dividend Award shares

£14.16

440

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 12,262

 

GBP £14.16

e)

Date of the transaction

2019-12-20

f)

Place of the transaction

XLON

 


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