Last checked at 31 Jan 2017 17:38
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that Andrew Findlay, Chief Financial Officer, has entered into an arrangement on 31 January 2017 under which Mr Findlay has requested that on the payroll date of each month (or the next dealing day as relevant) the sum of £3,125, less deduction of tax and dealing costs, be applied from his salary to the purchase of ordinary shares at prevailing value. This amount relates to Andrew's monthly salary increase effective from 1 January 2017. As noted in the Company's 2016 Annual Report, Andrew had asked for his cash salary to remain static and he wishes for the amount of his 2017 salary increase to be applied to the purchase of shares, which he would retain in order to build his shareholding in the Company. The Company's Remuneration Committee is supportive of his decision.
Under the terms of this arrangement, on 31 January 2017, Andrew Findlay acquired 168 27 2/7 p ordinary shares in the capital of the Company, at a purchase price of £9.65 per share.
The terms of the arrangement, which constitute an employee saving scheme, cannot be altered or cancelled during a closed period. The transactions under this arrangement will be disclosed on a monthly basis by announcement through a Regulatory Information Service, pursuant to the EU Market Abuse Regulation.
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 | Purchase of ordinary shares pursuant to the terms of an employee saving scheme arrangement. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
168 £9.65 | ||||||
e) | Date of the transaction | 2017-31-01 | ||||||
f) | Place of the transaction | XLON | ||||||