REG - easyJet PLC - Director/PDMR Shareholding

easyJetAnnouncement

18/09/2019 10:50

RNS Number : 8065M
easyJet PLC
18 September 2019
 


easyJet plc
(the "Company")
 
Director/PDMR Shareholding
 
18 September 2019
The Company announces that on 17 September 2019, the PDMRs set out in the table below were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers ("Awards"). This approach is in line with our policy on buy-out arrangements, the expectations of institutional investors where a buy-out takes place, and has been calculated to replicate the likely value and time horizons associated with the awards at the previous employer.




PDMR


Type of Award


Number of shares subject to Award


Vesting Date




Maaike de Bie


Restricted Stock


9,080


30 June 2020




Restricted Stock


7,013


30 June 2021




Sam Kini


Restricted Stock


35,718


1 February 2020




Restricted Stock


5,526


30 April 2021




LTIP


23,024


19 December 2021




Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.
The Restricted Stock Awards will vest subject to continued employment with the Company on the dates set out above and will not be subject to further performance conditions.
The LTIP Awards will vest and become exercisable on the date set out above subject to continued employment with the Company and the extent to which Return of Capital Employed (ROCE), total headline Earnings Per Share (EPS) and relative total shareholder return (TSR) performance conditions are met, in line with the LTIP Awards made to other PDMRs in December 2018, further details of which are set out in the announcement dated 19 December 2018.
For further details, please contact:
 




Michael Barker, Investor Relations


07985 890939




Anna Knowles, Corporate Communications


07985 873313




Dorothy Burwell/Ed Simpkins, Finsbury


020 7251 3801




 
 
The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.
 




1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Maaike de Bie




2.


Reason for the notification




a)


Position/status


Group General Counsel and Company Secretary 




b)


Initial notification/ Amendment


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 shares of 27 2/7p
 




 


Identification code


ISIN: GB00B7KR2P84




b)


Nature of the transaction


Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.




c)


Price(s) and volume(s)






 


Price(s)


Volume(s)




Restricted Stock Award


GBP 0.00


9,080




Restricted Stock Award


GBP 0.00


7,013




 




d)


Aggregated information
-    Aggregated volume


 
 
Aggregated volume: 16,093




 


-    Price


GBP £0.00




e)


Date of the transaction


2019-09-17




f)


Place of the transaction


Outside a trading venue




 
 




1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Sam Kini




2.


Reason for the notification




a)


Position/status


Chief Data & Information Officer 




b)


Initial notification/ Amendment


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 shares of 27 2/7p
 




 


Identification code


ISIN: GB00B7KR2P84




b)


Nature of the transaction


Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.




c)


Price(s) and volume(s)






 


Price(s)


Volume(s)




Restricted Stock Awards


GBP 0.00


35,718




Restricted Stock Awards


GBP 0.00


5,526




 




d)


Aggregated information
-    Aggregated volume


 
 
Aggregated volume: 41,244




 


-    Price


GBP £0.00




e)


Date of the transaction


2019-09-17




f)


Place of the transaction


Outside a trading venue




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 shares of 27 2/7p
 




 


Identification code


ISIN: GB00B7KR2P84




b)


Nature of the transaction


Grant of LTIP Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.




c)


Price(s) and volume(s)






 


Price(s)


Volume(s)




LTIP Award


GBP 0.00


23,024




 




d)


Aggregated information
-    Aggregated volume


 
 
Aggregated volume: 23,024




 


-    Price


GBP £0.00




e)


Date of the transaction


2019-09-17




f)


Place of the transaction


Outside a trading venue




 
 
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHDMGMLLRMGLZG