Last checked at 26 Jan 2017 17:50
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that Peter Duffy, Chief Commercial Officer, has exercised 11,441 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company on 24 January 2017 (LTIP) and 25 January 2017 (DABP), which had previously vested in 2016 (and relate to 2013 incentive schemes) and has been published in successive annual reports. He has retained 6,049 shares, selling only sufficient to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards are detailed below:
Type of award | Grant date | Vesting date | Awards vested¹ | % award vested | Share price at grant |
2013 LTIP Awards | 17 Dec 2013 | 17 Dec 2016 | 7,497 | 32% | £15.06 |
2013 Deferred Annual Bonus Plan | 17 Dec 2013 | 17 Dec 2016 | 3,944 | 100% | £15.06 |
Total | 11,441 | ||||
¹The awards include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.
Details regarding the 2013 Long Term Incentive Plan (LTIP) (including performance conditions) and the 2013 Deferred Annual Bonus Plan (DABP) are set out in the Company's 2016 Annual Report.
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 | Peter Duffy | ||||||
2. | Reason for the notification | |||||||
a) | Position/status | Chief Commercial 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 (LTIP), sale of shares to fund the income tax and national insurance liability and retention of balance of shares. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Aggregated volume:
Exercise
Volume 7,497 Price GBP Nil Sale (to cover tax and administrative costs) Volume 3,533 Price GBP £9.76 Retain Volume 3,964 Price GBP Nil | ||||||
e) | Date of the transaction | 2016-01-24 | ||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (Sale of shares ) | ||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||
a) | Name | Peter Duffy | ||||||
2. | Reason for the notification | |||||||
a) | Position/status | Chief Commercial 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 (DABP), sale of shares to fund the income tax and national insurance liability and retention of balance of shares. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
Aggregated volume:
Exercise
Volume 3,944 Price GBP Nil Sale (to cover tax and administrative costs) Volume 1,859 Price GBP £10.13 Retain Volume 2,085 Price GBP Nil | ||||||
e) | Date of the transaction | 2016-01-25 | ||||||
f) | Place of the transaction | Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (Sale of shares ) | ||||||