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easyJet PLC (EZJ)

  Print          Annual reports

Wednesday 30 December, 2020

easyJet PLC

Director/PDMR Shareholding

RNS Number : 1261K
easyJet PLC
30 December 2020
 

easyJet plc

(the "Company")

 

Director/PDMR shareholding

30 December 2020

The Company announces that the Chief Executive Officer and PDMRs were granted awards under the Company's Long Term Incentive Plan (LTIP) on 29 December 2020 as set out below.

PDMR

Type of Award

Number of shares subject to Award

Johan Lundgren (CEO)

LTIP

214,369

Peter Bellew

LTIP

56,779

Restricted Stock

56,779

Ella Bennett

LTIP

28,030

Restricted Stock

28,030

Maaike de Bie

LTIP

34,129

Restricted Stock

34,129

Stuart Birrell

LTIP

26,072

Restricted Stock

26,072

Sophie Dekkers

LTIP

23,465

Restricted Stock

23,465

Thomas Haagensen

LTIP

29,651

Restricted Stock

29,651

Garry Wilson

LTIP

41,368

Restricted Stock

41,368

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

The LTIP Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and the extent which performance conditions are met. As set out in the 2020 Annual Report, the Remuneration Committee has decided to delay the selection of metrics and targets until 2021. It is the Remuneration Committee's intention that the metrics selected will be re-aligned with the priorities of delivering a sustainable recovery over the three-year performance period. The final LTIP metrics and targets, therefore, will be disclosed in the Annual Report for the year ending 30 September 2021. In addition, the final vesting of any awards will be considered carefully by the Remuneration Committee at that time to ensure the value delivered to participants remains appropriate relative to the performance of the Group, shareholder experience, and wider workforce impact over the entire period. In particular the Committee will ensure that no undue windfall gains are made as a result of share price movements.

The Restricted Stock Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and will not be subject to further performance conditions.

In addition, and as disclosed in the Company's 2020 Annual Report, the Chief Executive Officer is 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 29 December 2025). The Chief Executive Officer is also expected to build and maintain a shareholding equivalent of at least 250% of salary over a five-year period following appointment.

In case of queries please contact:

 

 

Institutional investors and analysts:

 

 

 

Michael Barker

Investor Relations

+44 (0) 7985 890 939

 

 

Holly Grainger

Investor Relations

+44 (0) 7583 101 913

 

 

 

 

 

 

 

Media:

 

 

Anna Knowles

Corporate Communications

+44 (0)7985 873 313

Dorothy Burwell

Finsbury

+44 (0) 7733 294 930

Edward Simpkins

Finsbury

+44 (0)7947 740 551 /

(0) 207 251 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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

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

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

LTIP award

Nil

214,369

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 214,369

 

GBP Nil

e)

Date of the transaction

2020-12-29

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Peter Bellew

 

2.

Reason for the notification

a)

Position/status

Chief Operating 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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

56,779

Restricted Stock award

Nil

56,779

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 113,558

 

GBP Nil

e)

Date of the transaction

2020-12-29

f)

Place of the transaction

Outside a trading venue

 

 

 

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

28,030

Restricted Stock award

Nil

28,030

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 56,060

 

GBP Nil

e)

Date of the transaction

2019-12-29

f)

Place of the transaction

Outside a trading venue

 

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

34,129

Restricted Stock award

Nil

34,129

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 68,258

 

GBP Nil

e)

Date of the transaction

2020-12-29

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Stuart Birrell

 

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

26,072

Restricted Stock award

Nil

26,072

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 52,144

 

GBP Nil

e)

Date of the transaction

2020-12-29

f)

Place of the transaction

Outside a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Sophie Dekkers

 

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

23,465

Restricted Stock award

Nil

23,465

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 46,930

 

GBP Nil

e)

Date of the transaction

2020-12-29

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

29,651

Restricted Stock award

Nil

29,651

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 59,302

 

GBP Nil

e)

Date of the transaction

2020-12-29

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 shares of 27 2/7p

 

 

 

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP and Restricted Stock 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

41,368

Restricted Stock award

Nil

41,368

 

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 82,736

 

GBP Nil

e)

Date of the transaction

2020-12-29

f)

Place of the transaction

Outside a trading venue

 

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