REG - Wizz Air Holdings - Wizz Air Omnibus Plan award grants
27/10/2023 14:00
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RNS Number : 5904R Wizz Air Holdings PLC 27 October 2023
Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 27 October 2023 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"),
the fastest-growing European airline, announces the granting of awards under
the Omnibus Share Plan ("Omnibus Plan") to several persons discharging
management responsibilities ("PDMRs").
On 21 September 2023, following approval by the Company's remuneration
committee, Wizz Air made a grant of options ("Options") under the Omnibus Plan
as Senior Leadership Growth Plan awards ("SLGP Awards"), over 76,029 ordinary
shares in the capital of Wizz Air of £0.0001 par value (identification code
JE00BN574F90) to PDMRs as set out below.
The following PDMRs were granted SLGP Awards:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Owain David Jones
2. Reason for the notification
a) Position / status Executive Vice President & Group Chief Corporate Affairs 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 4,752
e) Aggregated information
· Aggregated volume 4,752
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Silvia Mosquera Gozalez
2. Reason for the notification
a) Position / status Executive Vice President and Group Chief Commercial 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 14,255
e) Aggregated information
· Aggregated volume 14,255
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Diarmuid O Conghaile
2. Reason for the notification
a) Position / status Managing Director Wizz Air Malta
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 19,007
e) Aggregated information
· Aggregated volume 19,007
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Veronika Jung
2. Reason for the notification
a) Position / status People 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 9,504
e) Aggregated information
· Aggregated volume 9,504
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Janos Pal
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 9,504
e) Aggregated information
· Aggregated volume 9,504
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrea Lusso
2. Reason for the notification
a) Position / status Network 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 9,504
e) Aggregated information
· Aggregated volume 9,504
· Price NIL
f) Date of the transaction 21 September 2023
g) Place of the transaction N/A
The SLGP Awards, which are one-off awards, will be subject to the following
performance conditions:
100% of an SLGP Award will vest if the Company's share price is £119.34 (the
"Share Price Target") at the end of the Performance Period 1 (#_ftn1) . The
threshold for an SLGP Award to vest is a Company share price of £77.24, under
which 0% of the SLGP Award vests with straight line vesting in between these
two points. If prior to the end of the Performance Period, the Share Price
Target is met or exceeded over any two consecutive quarters, based on the VWAP
over that period, then, subject to the Omnibus Plan rules, the SLGP Award will
vest in full on the normal vesting date.
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.
ABOUT WIZZ AIR
Wizz Air, the fastest growing European ultra-low-cost airline, operates a
fleet of 187 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 51.1 million passengers in the financial year F23
ending 31 March 2023. 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 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.
- Ends -
For more information:
Investors: Zlatko Custovic, Wizz Air +36 1 777 9407
Media: Tamara Vallois, Wizz Air +36 1 777 9324
James McFarlane / Eleni Menikou / Charles Hirst, MHP Group: +44 (0) 20 3128 8100
-End-
1 (#_ftnref1) "Performance Period" means the seven consecutive financial
years of which the first is the financial year ending 31 March 2022.
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