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easyJet PLC (EZJ)

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Wednesday 12 December, 2018

easyJet PLC

Director/PDMR Shareholding

RNS Number : 3022K
easyJet PLC
12 December 2018
 

easyJet plc ("the Company")

 

Director/PDMR shareholding

12 December 2018

The Company announces that on 12 December 2018, Garry Wilson was granted the share awards, as set out in the table below. The awards will vest, subject to continued employment with the Company on the dates set out below.

Name

Type of Award

Number of shares subject to award

Performance conditions

Vesting date

Garry Wilson

(PDMR, CEO easyJet Holidays)

Restricted Shares

35,647

Note 1

12 May 2019

Restricted Shares

18,341

Note 1

19 December 2019

 

LTIP awards

9,170

Note 2

19 December 2019

 

LTIP awards

18,521

Note 3

19 December 2020

Note 1 The Restricted Share awards will not be subject to further performance conditions.

Note 2 This award will only vest to the extent that the performance targets set for the December 2016 easyJet LTIP awards are met and Garry's continued employment to 19 December 2019.

Note 3 This award will only vest to the extent that the performance targets set for the December 2017 easyJet LTIP awards are met and Garry's continued employment to 19 December 2020.

Each of the awards are in the form of a nil cost option and no monetary consideration was paid for the awards.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.

 

 

For further details, please contact:

 

Stuart Morgan, Investor Relations

+44 (0) 7989 665 484

Michael Barker, Investor Relations

+44 (0) 7985 890 939

Flic Howard-Allen, Corporate Communications

 

+44 (0) 7977 402 036

 

 

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

This is an 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

The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Restricted Shares

Nil

35,647

Restricted Shares

Nil

18,341

LTIP awards

Nil

9,170

LTIP awards

Nil

18,521

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 81,679

 

GBP Nil

e)

Date of the transaction

2018-12-12

f)

Place of the transaction

Outside a trading venue

       

 


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