13 Feb 2017 16:11
Flybe Group plc
Notification of transactions by Directors/PDMRs
In accordance with Disclosure and Transparency Rule 3.1.4R(1), Flybe Group plc ("Flybe" or the "Company") announces that on 9 February 2017, an award over ordinary shares of 1p each in the capital of the Company was made under the terms of Flybe Performance Share Plan ("PSP") to the following director:
Director/PDMR | Number of shares under award |
Christine Ourmieres-Widener, Chief Executive Officer | 1,295,349 |
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The awards represent 1p par value options which, to the extent that the awards vest, provide for shares to be delivered to the individuals for 1p consideration per share.
The percentage of the shares that ultimately do vest is dependent on the satisfaction of performance criteria set out by the Remuneration Committee and measured over a three-year performance period ending on 31 March 2019. Further details regarding this, including the vesting schedule, is set out on page 76 of the Company's 2015/16 Annual Report.
13 February 2017
Enquiries:
Catherine Ledger
Company Secretary
Flybe Group Plc