REG - easyJet PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">EZJ.L</Origin>

easyJetAnnouncement

21/11/2014 08:24

RNS Number : 5822X
easyJet PLC
20 November 2014
easyJet plc ("the Company")
Director/PDMR shareholding
20 November 2014
The Company announces that on 19 November 2014, the PDMRs set out below exercised their awards under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold the number of ordinary shares of 27 and 2/7 pence ('Shares') set out against their name:
Name
Number of awards exercised 
Number of Shares sold
Sale Price per Share
Total holding following transaction
% of total voting rights following transaction
Carolyn McCall
130,000
130,000
15.427
232,800
0.059
Chris Kennedy
150,000
150,000
15.427
112,033
0.028
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. The Company achieved a ROCE target of 17.4% in the 2013 financial year. 
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 19 November 2014.
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

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