REG - Wizz Air Holdings - Wizz Air Omnibus Plan award grants
12/07/2022 09:00
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RNS Number : 1516S Wizz Air Holdings PLC 12 July 2022
Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 12 July 2022 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"),
the fastest-growing European airline, announces the granting of awards under
omnibus share plan ("Omnibus Plan"), to a number of persons discharging
management responsibilities ("PDMRs").
On 8 July 2022, following approval by the Company's Remuneration Committee,
Wizz Air made a grant of options under the Omnibus Plan, in relation to senior
leadership growth plan ("SLGP"), over 65,052 ordinary shares in the capital of
Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("SLGP
Awards") to PDMRs as set out below.
The following PDMRs were granted SLGP Awards of Performance Options
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Roland Tischner
2. Reason for the notification
a) Position / status Officer Wizz Air Hungary Operations
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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 21,684
e) Aggregated information
· Aggregated volume 21,684
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Yvonne Moynihan
2. Reason for the notification
a) Position / status Corporate 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 21,684
e) Aggregated information
· Aggregated volume 21,684
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alexandra Avadanei
2. Reason for the notification
a) Position / status Revenue 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 21,684
e) Aggregated information
· Aggregated volume 21,684
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
The SLGP Awards, which are on-off awards, will be subject to the following
performance conditions:
(a) 100% of an award will vest subject to 20% CAGR in the Company's share
price over a five-year period. The threshold growth level is 15% CAGR for
which 0% of the award vests with straight line vesting in between these two
points. Base period for calculation is VWAP over 1H CY 2021 - tested against
share price at end of period VWAP 1H CY 2026; and
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.
On 8 July 2022, 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 231,558 ordinary shares in the capital
of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("LTIP
Awards") to PDMRs as set out below.
The following PDMRs were granted LTIP Awards of Performance Options:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Robert Carey
2. Reason for the notification
a) Position / status President
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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 26, 165
e) Aggregated information
· Aggregated volume 26, 165
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jourik Hooghe
2. Reason for the notification
a) Position / status Executive Vice President & Group Chief Financial 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 26,165
e) Aggregated information
· Aggregated volume 26,165
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Delehant
2. Reason for the notification
a) Position / status Executive Vice President & Group Chief Operations 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 26, 165
e) Aggregated information
· Aggregated volume 26, 165
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Roland Tibor Tischner
2. Reason for the notification
a) Position / status Officer Wizz Air Hungary Operations
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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marion Geoffroy
2. Reason for the notification
a) Position / status Managing Director Wizz Air UK
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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17, 007
e) Aggregated information
· Aggregated volume 17, 007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Heiko Holm
2. Reason for the notification
a) Position / status Officer Wizz Air Central Operations
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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Johan Eidhagen
2. Reason for the notification
a) Position / status People and ESG 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Joel Goldberg
2. Reason for the notification
a) Position / status Digital 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Yvonne Moynihan
2. Reason for the notification
a) Position / status Corporate 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Owain Jones
2. Reason for the notification
a) Position / status Development 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Zsuzsa Poós
2. Reason for the notification
a) Position / status Customer and Marketing 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alexandra Avadanei
2. Reason for the notification
a) Position / status Revenue 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 Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 17,007
e) Aggregated information
· Aggregated volume 17,007
· Price NIL
f) Date of the transaction 8 July 2022
g) Place of the transaction N/A
For the LTIP Awards, other than SLGP Awards, the performance share awards will
be subject to conditions set out below:
(i) 90% of an award will vest subject to 15% CAGR in the
Company's share price over the next three-year period. The threshold growth
level is 7.5% CAGR for which 25% of the award vests with straight line vesting
in between these two points. Base period for calculation is VWAP over 1H CY
2022 - tested against share price at end of period VWAP 1H CY 2025; and
(ii) 10% of an award will vest based on the achievement of ESG
targets, the criteria for which will be people and environment both weighted
at 5%. If the minimum threshold CAGR of 7.5% is not achieved no ESG portion
will vest.
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.
-End-
ABOUT WIZZ AIR
Wizz Air, the fastest growing European low-cost airline, operates a fleet of
142 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 10.2 million passengers in the financial year F21 ending 31 March
2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ.
The company was recently named one of the world's top ten safest airlines
by airlineratings.com (http://airlineratings.com/) , the world's only safety
and product rating agency, and 2020 Airline of the Year by ATW, the most
coveted honour an airline or individual can receive, recognizing individuals
and organizations that have distinguished themselves through outstanding
performance, innovation, and superior service.
For more information:
Investors: Zlatko Custovic, Wizz Air +36 1 777 9407
Media: Natasha Seager Smith, Wizz Air: +36 1 777 8475
Edward Bridges / Jonathan Neilan, FTI Consulting LLP: +44 20 3727 1017
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