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Director/PDMR Shareholding

15 Aug 2014 16:25

RNS Number : 3177P
easyJet PLC
15 August 2014
 

easyJet plc ("the Company")

Director/PDMR shareholding

15 August 2014

The Company announces that on 15 August 2014, the PDMR set out below exercised part of his award under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the resulting number of ordinary shares of 27 and 2/7 pence ('Shares') set out against his name:

Name

Number of awards exercised

Number of Shares sold

Sale Price per Share

Number of Shares retained

Total holding following transaction

% of total voting rights following transaction

Paul Moore

37,000

33,828

£12.925

 

3,172

 

12,314

0.0031

 

The LTIP award was granted on 31 March 2011 based on a share price of £3.379. The LTIP award vested on 31 March 2014 at 100% of the total award. This 100% vesting required easyJet's Return on Capital Employed (ROCE) to achieve the target of 12% (if the award was the equivalent of up to 100% salary) or 13% (if the award was the equivalent of between 100% and 200% of salary). The ROCE targets were based on ROCE (excluding operating lease adjustments) for the financial year ending 30 September 2013.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rule 3.1.2R and 3.1.4R. The Company received notification of this transaction on 15 August 2014.

 

For further details, please contact:

 

 

Institutional investors and analysts

 

Will MacLaren 07961 763 879

Michael Barker 07985 890 939

 

 

Media:

 

Dorothy Burwell, RLM Finsbury 07733 294 930

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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