Last checked at 19 Feb 2015 11:57
easyJet plc ("the Company")
Director/PDMR shareholding
19 February 2015
The Company announces that on 18 February 2015, the PDMRs set out below exercised their award granted on 4 January 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the number of ordinary shares of 27 and 2/7 pence set out against their names below.
In addition Mike Campbell sold 2,239 LTIP investment shares, which he already held beneficially, on 18 February 2015. The sale price per share for these shares was £17.463.
Name | Number of LTIP awards exercised | Number of LTIP shares sold | Number of LTIP shares retained | Sale price | Total holding following transaction | % of total voting rights following transaction |
Warwick Brady | 201,249 | 94,825 | 106,424 | £17.517 | 54,822 | 0.014 |
Mike Campbell | 144,067 | 144,067(1) | 0 | £17.463 | 126,064 | 0.032 |
Note 1: The number of 'shares sold' in the table excludes the additional 2,239 LTIP investment shares sold by Mike Campbell as detailed in the second paragraph.
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 LTIP transactions on 18 February 2015 and Mike Campbell's sale of ordinary shares on 19 February 2015.
For further details, please contact:
Institutional investors and analysts
Will MacLaren, Investor Relations | 07961 763 879 |
Michael Barker | 07985 890 939 |
Media:
Paul Moore, Corporate Communications | 07860 794 444 |