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

easyJetAnnouncement

26/01/2017 17:55

RNS Number : 2581V
easyJet PLC
26 January 2017
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that Peter Duffy, Chief Commercial Officer, has exercised 11,441 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company on 24 January 2017 (LTIP) and 25 January 2017 (DABP), which had previously vested in 2016 (and relate to 2013 incentive schemes) and has been published in successive annual reports. He has retained 6,049 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
2013 LTIP Awards
17 Dec 2013
17 Dec 2016
7,497
32%
15.06
2013 Deferred Annual Bonus Plan
17 Dec 2013
17 Dec 2016
3,944
100%
15.06
Total
11,441
The awards include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.
Details regarding the 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
Peter Duffy
2.
Reason for the notification 
a)
Position/status
Chief Commercial Officer
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), 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
9.76
Nil
7,497
3,533
3,964
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 
Exercise
Volume 7,497
Price GBP Nil
Sale (to cover tax and administrative costs)
Volume 3,533
Price GBP 9.76
Retain
Volume 3,964
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 )


1.
Details of the person discharging managerial responsibilities/ person closely associated 
a)
Name
Peter Duffy
2.
Reason for the notification 
a)
Position/status
Chief Commercial Officer
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 (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
10.13
Nil
3,944
1,859
2,085
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume:
Exercise
Volume 3,944
Price GBP Nil
Sale (to cover tax and administrative costs)
Volume 1,859
Price GBP 10.13
Retain
Volume 2,085
Price GBP Nil
e)
Date of the transaction
2016-01-25
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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