Last checked at 25 Jan 2017 15:02
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that on 24 January 2017, Carolyn McCall, Chief Executive, exercised 345,446 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, which had previously vested in 2015 and 2016 (and relate to 2012 and 2013 incentive schemes) and have been published in successive annual reports. She has retained 182,679 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 |
2012 LTIP Awards² | 18 Dec 2012 | 18 Dec 2015 | 266,899 | 100% | £7.37 |
2013 LTIP Awards² | 17 Dec 2013 | 17 Dec 2016 | 48,509 | 32% | £15.06 |
2013 Deferred Annual Bonus Plan | 17 Dec 2013 | 17 Dec 2016 | 30,038 | 100% | £15.06 |
Total | 345,446 | ||||
¹The awards for the 2013 LTIP Award and the 2013 Deferred Annual Bonus Plan include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.
²Consists of LTIP performance awards matching awards.
Details regarding the 2012 and 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 | Carolyn McCall | ||||||
2. | Reason for the notification | |||||||
a) | Position/status | Chief Executive | ||||||
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 and 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 345,446 Price GBP Nil Sale (to cover tax and administrative costs) Volume 162,767 Price GBP £9.78 Retain Volume 182,679 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 ) | ||||||