Last checked at 24 Feb 2015 10:33
easyJet plc ("the Company")
Director/PDMR shareholding
24 February 2015
The Company announces that on 23 February 2015, the PDMR set out below exercised his award granted on 4 January 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold the number of ordinary shares of 27 and 2/7 pence set out against his name below.
Name | Number of LTIP awards exercised | Number of LTIP shares sold | Sale price | Total holding following transaction | % of total voting rights following transaction |
Paul Moore | 41,648 | 41,648 | £18.01 | 17,973 | 0.005% |
The LTIP award grant on 4 January 2012 was based on a share price of £3.928. The LTIP award vested on 4 January 2015 at 100% of the total award. This 100% vesting required easyJet's ROCE to achieve targets of up to 13%. The targets were based on three year average ROCE (excluding operating lease adjustments) performance for the years ended 30 September 2012, 30 September 2013 and 30 September 2014. The Company achieved an average ROCE of 22.0% for the three financial years ended 30 September 2014.
This notification is made pursuant to the requirements of the Disclosure and Transparency Rules 3.1.2R and 3.1.4R. The Company received notification of the transaction on 23 February 2015.
For further details, please contact:
Institutional investors and analysts
Will MacLaren, Investor Relations | 07961 763 879 |
Michael Barker | 07985 890 939 |
Media:
Anna Knowles, Corporate Communications | 07985 873 313 |