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

easyJetAnnouncement

25/01/2017 15:25

RNS Number : 1244V
easyJet PLC
25 January 2017
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that on 24 January 2017, Carolyn McCall, Chief Executive, exercised 345,446 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, which had previously vested in 2015 and 2016 (and relate to 2012 and 2013 incentive schemes) and have been published in successive annual reports. She has retained 182,679 shares, selling only sufficient to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards are detailed below:
Type of award
Grant date
Vesting date
Awards vested
% award vested
Share price at grant
2012 LTIP Awards
18 Dec 2012
18 Dec 2015
266,899
100%
7.37
2013 LTIP Awards
17 Dec 2013
17 Dec 2016
48,509
32%
15.06
2013 Deferred Annual Bonus Plan
17 Dec 2013
17 Dec 2016
30,038
100%
15.06
Total
345,446
The awards for the 2013 LTIP Award and the 2013 Deferred Annual Bonus Plan include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.
Consists of LTIP performance awards matching awards.
Details regarding the 2012 and 2013 Long Term Incentive Plan (LTIP) (including performance conditions) and the 2013 Deferred Annual Bonus Plan (DABP) are set out in the Company's 2016 Annual Report.
Set out below is the notification made in accordance with the requirements of the EU Market Abuse Regulation.
For further details, please contact:
Stuart Morgan, Investor Relations
+44 (0) 7989 665 484
Paul Moore, Corporate Communications
+44 (0) 7860 794 444
1.
Details of the person discharging managerial responsibilities/ person closely associated 
a)
Name
Carolyn McCall
2.
Reason for the notification 
a)
Position/status
Chief Executive
b)
Initial notification/ Amendment 
This is an initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
easyJet plc
b)
LEI
2138001S47XKWIB7TH90
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument 
Identification code
Ordinary share of 27 2/7p
ISIN: GB00B7KR2P84
b)
Nature of the transaction
Exercise of nil cost options (LTIP and DABP), sale of shares to fund the income tax and national insurance liability and retention of balance of shares.
c)
Price(s) and volume(s)

Price(s)
Volume(s)
Acquisition of shares on exercise of share award
Sale of shares to satisfy income tax and NICs liability
Retention of shares
Nil
9.78
Nil
345,446
162,767
182,679
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 
Exercise
Volume 345,446
Price GBP Nil
Sale (to cover tax and administrative costs)
Volume 162,767
Price GBP 9.78
Retain
Volume 182,679
Price GBP Nil
e)
Date of the transaction
2016-01-24
f)
Place of the transaction
Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (Sale of shares )

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