REG - Wizz Air Holdings - Wizz Air Omnibus Plan award grant

Wizz Air HoldingsAnnouncement

03/10/2024 14:00

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RNS Number : 8738G  Wizz Air Holdings PLC  03 October 2024

 

Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grant

Geneva, 3 October 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"),
one of the most sustainable European airlines, announces the granting of
awards under the omnibus share plan ("Omnibus Plan) to a person discharging
management responsibilities ("PDMR").

 

As proposed to and subsequently approved by shareholders at the Company's AGM
on 25(th) September 2024, changes to the Directors' Remuneration Policy and
Omnibus Plan rules have been implemented to allow the Company's Chief
Executive Officer, József Váradi, to be granted LTIP awards under the
Omnibus Plan.

 

On 25 September 2024, following approval by the Company's Remuneration
Committee, Wizz Air made a grant of options under the Omnibus Plan in relation
to Long -Term Incentive Plan ("LTIP"), over 133,957 ordinary shares in the
capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90)
("LTIP Award") to PDMR as set out below.

The following PDMR was granted LTIP Award of Options:

 

 1.                  Details of the person discharging managerial responsibilities / person closely
                     associated
 a)                  Name                                                           József Váradi
 2.                  Reason for the notification
 a)                  Position / status                                              Chief Executive Officer
 b)                  Initial notification / amendment                               Initial notification
 3.                  Details of the issuer
 a)                  Name                                                           Wizz Air Holdings Plc
 b)                  Legal entity identifier                                        213800COXGZCORLJZA85
 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   Ordinary shares of £0.0001 each
                     Identification code                                            JE00BN574F90
 b)                  Nature of the transaction                                      Grant of LTIP Award Options
 c)                  Currency                                                       British Pounds
 d)                  Price(s) and volume(s)                                                           Price(s)          Volume(s)
                                                                                                      NIL               133,957

                                                                                                                        (Restricted Stock Award)
 e)                  Aggregated information

                     ·      Aggregated volume                                       133,957

                     ·      Price                                                   NIL
 f)                  Date of the transaction                                        1 October 2024
 g)                  Place of the transaction                                       N/A

 

100% of the LTIP Award is not subject to performance conditions and will vest
on the relevant vesting date(s) provided the PDMR remains in employment with
the Company ("Restricted Stock Award").

 All vested options must be exercised within ten years of the date of grant. If
 exercised, then the underlying shares of the vested options will be issued at
 nil cost to the option holders. No amounts have been paid by the relevant
 PDMRs for the grant of these options.

-Ends-

 

ABOUT WIZZ AIR

Wizz Air, one of the most sustainable European airlines, operates a fleet of
over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation
professionals delivers superior service and very low fares, making Wizz Air
the preferred choice of 62 million passengers in the financial year ending 31
March 2024. Wizz Air is listed on the London Stock Exchange under the ticker
WIZZ. The company was recently named the World's Top 5 Safest Low-Cost
Airlines 2024 by airlineratings.com, the world's only safety and product
rating agency, and named Airline of the Year by Air Transport Awards in 2019
and in 2023. Wizz Air has also been recognised as the "Most Sustainable
Low-Cost Airline" within the World Finance Sustainability Awards in 2021-2023
and the "Global Environmental Sustainability Airline Group of the Year" by the
CAPA-Centre for Aviation Awards for Excellence 2022-2023.

 For more information:
 Investors:  Mark Simpson, Wizz Air                                      +36 1 777 9407
             Dorottya Durucsko, Wizz Air
 Media:      Andras Rado, Wizz Air:                                      communications@wizzair.com
             James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group:  +44 (0) 20 3128 8100

 

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