REG - Jet2 PLC - Grant of Options and Director/PDMR Shareholding

Jet2Announcement

02/09/2022 15:15

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RNS Number : 1616Y  Jet2 PLC  02 September 2022

2 September 2022

 

Jet2 plc

(the "Company")

 

Grant of Options under the Company's Sharesave Schemes

and Director/PDMR Shareholding

 

 

Jet2 plc, the Leisure Travel group, is pleased to announce that under the
Company's UK and International Sharesave Schemes, which have been introduced
to encourage wider employee share ownership of the Company (the "Schemes"),
options to subscribe for 5,424,608 ordinary shares of 1.25 pence each in the
Company ("Options") have been granted on 1 September 2022, with over 60% of
eligible colleagues joining the Schemes.

 

The Options have an exercise price, calculated in accordance with the rules of
the Schemes, of £7.66 per share.  Subject to the rules of the Schemes,
participants will be able to exercise their Options within six months
commencing from 1 October 2025 subject to the participant's continued
employment.

 

Under the UK Sharesave Scheme, the following PDMRs of the Company applied to
participate in the Scheme and have been granted Options in the amounts shown
below:

 

 Director                                    Number of ordinary shares over which Options have been granted
 Stephen Heapy, Chief Executive Officer     2,349
 Gary Brown, Group Chief Financial Officer  2,349

 

The Company continues to operate all of its share plans within the 10% in 10
years share plans dilution limit.

 

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation (596/2014), provides further details.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Stephen Paul Heapy
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Jet2 plc
 b)  LEI                                                          I72RQ3PNLDPW8R7JIJ56
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Option to acquire ordinary shares of 1.25p each
     Identification code                                          GB00B1722W11
 b)  Nature of the transaction                                    Grant of an Option under the Company's UK Sharesave Scheme
 c)  Price(s) and volumes(s)                                      Price(s)                        Volume(s)
     Nil                                                                                          2,349
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      1 September 2022
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Gary James Brown
 2   Reason for the notification
 a)  Position/status                                              Group Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Jet2 plc
 b)  LEI                                                          I72RQ3PNLDPW8R7JIJ56
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Option to acquire ordinary shares of 1.25p each
     Identification code                                          GB00B1722W11
 b)  Nature of the transaction                                    Grant of an Option under the Company's UK Sharesave Scheme
 c)  Price(s) and volumes(s)                                      Price(s)                        Volume(s)
     Nil                                                                                          2,349
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      1 September 2022
 f)  Place of the transaction                                     Outside a trading venue

 

 

For further information please contact:

 

 Jet2 plc                            0113 239 7817

 Philip Meeson, Executive Chairman

 Ian Day, Group Company Secretary

 Cenkos Securities plc               020 7397 8900

 Nominated Adviser

 Katy Birkin / Camilla Hume

 

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