Last checked at 28 Sep 2018 14:39
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) |
| |||||||||
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) |
| |||||||||
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 | |||||||||