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

easyJetAnnouncement

20/12/2017 17:05

RNS Number : 9840Z
easyJet PLC
20 December 2017
easyJet plc ("the Company")
Director/PDMR shareholding
The Company announces that on 19 December 2017, Andrew Findlay, Chief Financial Officer, exercised 6,882 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, transferred 3,639 shares to Julie Findlay and sold the remainder in order to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards were part of the performance related buy out arrangement agreed to compensate Andrew Findlay for the Long Term Incentive Plan (LTIP) forfeited from his previous employer when he joined the Company in October 2015.
Further information relating to the awards made to compensate for the forfeiture of the LTIP Andrew Findlay received from his previous employer is set out on p. 79 of easyJet's 2017 Annual report and accounts which are available on the Company's website.
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
Andrew Findlay
2.
Reason for the notification 
a)
Position/status
Chief Financial 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
Ordinary share of 27 2/7p

Identification code
ISIN: GB00B7KR2P84
b)
Nature of the transaction
Exercise of nil cost options granted on 20 November 2015 as part of the buy-out arrangements, sale of shares to fund the income tax and national insurance liability and transfer balance of shares to Julie Findlay.
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
Transfer of shares to Julie Findlay
Nil
13.83 
Nil
6,882
3,243
3,639
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 
Exercise
Volume 6,882
Price GBP Nil
Sale
Volume 3,243
Price GBP 13.83
Transfer
Volume 3,639
Price GBP Nil
e)
Date of the transaction
2017-12-19
f)
Place of the transaction
Outside a trading venue (Exercise of nil cost options and Transfer of shares) and XLON (Sale of shares )
1.
Details of the person discharging managerial responsibilities/ person closely associated 
a)
Name
Julie Findlay
2.
Reason for the notification 
a)
Position/status
Person closely associated
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 
Ordinary share of 27 2/7p

Identification code
ISIN: GB00B7KR2P84
b)
Nature of the transaction
Receipt of 3,639 shares transferred from Andrew Findlay - Chief Financial Officer.
c)
Price(s) and volume(s)

Price(s)
Volume(s)
Transfer of shares from Andrew Findlay
Nil
3,639
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
Single transaction
e)
Date of the transaction
2017-12-19
f)
Place of the transaction
Outside a trading venue

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