Last checked at 12 Dec 2018 15:45
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
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1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||||||||||||
a) | Name | Garry Wilson
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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.
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c) | Price(s) and volume(s) |
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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 | ||||||||||||||||