Last checked at 22 Dec 2016 07:00
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that on 19 December 2016, Andrew Findlay, Chief Financial Officer, exercised 28,947 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, transferred 15,307 shares to Julie Findlay and sold the remainder in order to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards were part of the performance related buy out arrangement agreed to compensate Andrew Findlay for the Long Term Incentive Plan (LTIP) forfeited from his previous employer when he joined the Company in October 2015.
Further information relating to the awards made to compensate for the forfeiture of the LTIP Andrew Findlay received from his previous employer is set out on p. 72 of easyJet's 2016 Annual report and accounts which are available on the Company's website.
Set out below is the notification made in accordance with the requirements of the EU Market Abuse Regulation.
For further details, please contact:
Stuart Morgan, Investor Relations | +44 (0) 7989 665 484 |
Paul Moore, Corporate Communications | +44 (0) 7860 794 444 |
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 | 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 | Exercise of nil cost options granted on 20 November 2015 as part of the buy-out arrangements, sale of shares to fund the income tax and national insurance liability and transfer balance of shares to Julie Findlay. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Aggregated volume:
Exercise
Volume 28,947 Price GBP Nil Sale Volume 13,640 Price GBP £10.24 Transfer Volume 15,307 Price GBP Nil | ||||||
e) | Date of the transaction | 2016-12-19 | ||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options and Transfer of shares) and XLON (Sale of shares ) | ||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||
a) | Name | Julie Findlay | ||||||
2. | Reason for the notification | |||||||
a) | Position/status | Person closely associated | ||||||
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 | Receipt of 15,307 shares transferred from Andrew Findlay - Chief Financial Officer. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable Single transaction | ||||||
e) | Date of the transaction | 2016-12-19 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||