Last checked at 2 Sep 2022 15:11
2 September 2022
Jet2 plc
(the "Company")
Grant of Options under the Company's Sharesave Schemes
and Director/PDMR Shareholding
Jet2 plc, the Leisure Travel group, is pleased to announce that under the Company's UK and International Sharesave Schemes, which have been introduced to encourage wider employee share ownership of the Company (the "Schemes"), options to subscribe for 5,424,608 ordinary shares of 1.25 pence each in the Company ("Options") have been granted on 1 September 2022, with over 60% of eligible colleagues joining the Schemes.
The Options have an exercise price, calculated in accordance with the rules of the Schemes, of £7.66 per share. Subject to the rules of the Schemes, participants will be able to exercise their Options within six months commencing from 1 October 2025 subject to the participant's continued employment.
Under the UK Sharesave Scheme, the following PDMRs of the Company applied to participate in the Scheme and have been granted Options in the amounts shown below:
Director | Number of ordinary shares over which Options have been granted |
Stephen Heapy, Chief Executive Officer | 2,349 |
Gary Brown, Group Chief Financial Officer | 2,349 |
The Company continues to operate all of its share plans within the 10% in 10 years share plans dilution limit.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation (596/2014), provides further details.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Stephen Paul Heapy | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Jet2 plc | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Option to acquire ordinary shares of 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Grant of an Option under the Company's UK Sharesave Scheme | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
Nil | 2,349 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 1 September 2022 | |
f) | Place of the transaction | Outside a trading venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gary James Brown | |
2 | Reason for the notification | ||
a) | Position/status | Group Chief Financial Officer | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Jet2 plc | |
b) | LEI | I72RQ3PNLDPW8R7JIJ56 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Option to acquire ordinary shares of 1.25p each | |
Identification code | GB00B1722W11 | ||
b) | Nature of the transaction | Grant of an Option under the Company's UK Sharesave Scheme | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
Nil | 2,349 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 1 September 2022 | |
f) | Place of the transaction | Outside a trading venue | |
For further information please contact:
Jet2 plc Philip Meeson, Executive Chairman Ian Day, Group Company Secretary
| 0113 239 7817
|
Cenkos Securities plc Nominated Adviser Katy Birkin / Camilla Hume | 020 7397 8900 |