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Pin to quick pickseasyJet Regulatory News (EZJ)

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Director/PDMR Shareholding

28 Sep 2018 14:39

RNS Number : 3752C
easyJet PLC
28 September 2018
 

easyJet plc ("the Company")

 

Director/PDMR shareholding

28 September 2018

The Company announces that on 28 September 2018, the following PDMRs as set out in the table below, were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers. The approach to the buy-out is in line with our policy on buy-out arrangements, the expectations of institutional investors where a buy-out takes place and has been calculated so as to replicate the likely value and time horizons associated with the awards at the previous employer.

The awards will vest, subject to continued employment with the Company on the dates set out below. The shares will not be subject to further performance conditions.

Name

Type of Award

Number of shares subject to award

Vesting date

Flic Howard-Allen,

(PDMR, Chief Communications Officer)

Restricted Shares

6,720

18 December 2019

Restricted Shares

5,734

18 December 2020

Luca Zuccoli

(PDMR, Chief Data Officer)

 

Restricted Shares

11,235

18 December 2018

Restricted Shares

11,235

18 December 2019

Each of the replacement awards are in the form of a nil cost option and no monetary consideration was paid for the awards.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.

 

 

For further details, please contact:

 

Stuart Morgan, Investor Relations

+44 (0) 7989 665 484

Michael Barker, Investor Relations

+44 (0) 7985 890 939

Anna Knowles, Corporate Communications

 

+44 (0) 7985 873 313

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Flic Howard-Allen

 

2.

Reason for the notification

a)

Position/status

Chief Communications 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

The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Restricted Shares

Nil

 

6,720

Restricted Shares

Nil

 

5,734

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 12,454

 

GBP Nil

e)

Date of the transaction

2018-09-28

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Luca Zuccoli

 

2.

Reason for the notification

a)

Position/status

Chief Data 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

The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Restricted Shares

Nil

 

11,235

Restricted Shares

Nil

 

11,235

d)

Aggregated information

 

Aggregated volume

Price

 

Aggregated volume: 22,470

 

GBP Nil

e)

Date of the transaction

2018-09-28

f)

Place of the transaction

Outside a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFMGZLZRNGRZM
Date   Source Headline
18th Mar 20242:26 pmRNSPublication of Final Terms
14th Mar 20247:00 amEQSPricing of Debt
12th Mar 20242:30 pmEQSDirector/PDMR Shareholding
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9th Jan 202311:29 amEQSNotice of AGM
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