Last checked at 15 Aug 2014 16:25
easyJet plc ("the Company")
Director/PDMR shareholding
15 August 2014
The Company announces that on 15 August 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 | 37,000 | 33,828 | £12.925
| 3,172
| 12,314 | 0.0031 |
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 15 August 2014.
For further details, please contact:
Institutional investors and analysts
Will MacLaren 07961 763 879
Michael Barker 07985 890 939
Media:
Dorothy Burwell, RLM Finsbury 07733 294 930