REG - easyJet PLC - Director/PDMR Shareholding

easyJetAnnouncement

12/12/2018 15:50

RNS Number : 3022K
easyJet PLC
12 December 2018
 


easyJet plc ("the Company")
 
Director/PDMR shareholding
12 December 2018
The Company announces that on 12 December 2018, Garry Wilson was granted the share awards, as set out in the table below. The awards will vest, subject to continued employment with the Company on the dates set out below.




Name


Type of Award


Number of shares subject to award


Performance conditions


Vesting date




Garry Wilson
(PDMR, CEO easyJet Holidays)


Restricted Shares


35,647


Note 1


12 May 2019




Restricted Shares


18,341


Note 1


19 December 2019




 


LTIP awards


9,170


Note 2


19 December 2019




 


LTIP awards


18,521


Note 3


19 December 2020




Note 1 The Restricted Share awards will not be subject to further performance conditions.
Note 2 This award will only vest to the extent that the performance targets set for the December 2016 easyJet LTIP awards are met and Garry's continued employment to 19 December 2019.
Note 3 This award will only vest to the extent that the performance targets set for the December 2017 easyJet LTIP awards are met and Garry's continued employment to 19 December 2020.
Each of the awards are in the form of a nil cost option and no monetary consideration was paid for the awards.
Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.
 
 
For further details, please contact:
 




Stuart Morgan, Investor Relations


+44 (0) 7989 665 484




Michael Barker, Investor Relations


+44 (0) 7985 890 939




Flic Howard-Allen, Corporate Communications
 


+44 (0) 7977 402 036
 
 




1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Garry Wilson
 




2.


Reason for the notification




a)


Position/status


CEO easyJet Holidays




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


The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.
 




c)


Price(s) and volume(s)






 


Price(s)


Volume(s)




Restricted Shares


Nil


35,647




Restricted Shares


Nil


18,341




LTIP awards


Nil


9,170




LTIP awards


Nil


18,521




 




d)


Aggregated information
 
Aggregated volume
Price


 
Aggregated volume: 81,679
 
GBP Nil




e)


Date of the transaction


2018-12-12




f)


Place of the transaction


Outside a trading venue



 
 
 
 



 




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