Last checked at 25 Nov 2014 11:46
easyJet plc ("the Company")
Director/PDMR shareholding
25 November 2014
The Company announces that on 24 November 2014, the PDMR set out below exercised his award under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold the number of ordinary shares of 27 and 2/7 pence ('Shares') set out against his name:
Name | Number of awards exercised | Number of Shares sold | Sale Price per Share | Total holding following transaction | % of total voting rights following transaction |
Mike Campbell | 141,361 | 141,361 | £15.4095 | 128,175 | 0.032% |
The LTIP award was granted on 31 March 2011 based on a share price of £3.379. The LTIP award vested on 31 March 2014 at 100% of the total award. This 100% vesting required easyJet's Return on Capital Employed (ROCE) to achieve the target of 12% (if the award was the equivalent of up to 100% salary) or 13% (if the award was the equivalent of between 100% and 200% of salary). The ROCE targets were based on ROCE (excluding operating lease adjustments) for the financial year ending 30 September 2013. The Company achieved a ROCE target of 17.4% in the 2013 financial year.
This notification is made pursuant to the requirements of the Disclosure and Transparency Rule 3.1.2R and 3.1.4R. The Company received notification of this transaction on 24 November 2014.
For further details, please contact:
Institutional investors and analysts
Will MacLaren, Investor Relations | 07961 763 879 |
Michael Barker | 07985 890 939 |
Media:
Paul Moore, Corporate Communications | 07860 794 444 |