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20 May 2014 12:39
easyJet plc ("the Company")
Director/PDMR shareholding
20 May 2014
The Company announces that on 19 May 2014, the PDMR set out below exercised part of his award under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the resulting 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 | Number of Shares retained | Total holding following transaction | % of total voting rights following transaction |
Paul Moore | 26,000 | 19,125 | £15.76
| 6,875
| 9,265 | 0.0023% |
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.
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 19 May 2014.
For further details, please contact:
Anna Knowles, Corporate Communications | 07985 873 313 |
Rachel Kentleton, Investor Relations | 07961 754 468 |
Will MacLaren, Investor Relations | 07961 763 879 |
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