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

Wizz Air HoldingsAnnouncement

05/02/2024 17:30

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RNS Number : 0829C  Wizz Air Holdings PLC  05 February 2024

 

Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grants

Geneva, 5 February 2024 - 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").

 

Wizz Air makes a grant of options ("Options") under the Omnibus Plan as
Long-Term Incentive Plan awards ("LTIP Awards"), in the amount of 63,502
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, who joined the Company following 13 July, 2023 (date of
original grant of LTIP award for fiscal year 2024 were granted LTIP Awards
following the approval of the Remuneration Committee:

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Silvia Mosquera Gonzalez
 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 LTIP Award in the form of Options
 c)  Currency                                                     British Pounds
 d)  Price(s) and volume(s)                                                         Price(s)          Volume(s)
                                                                                    NIL               14,078 (Performance Award)

                                                                                                      14,078 (Restricted Stock Award)
 e)  Aggregated information

     ·    Aggregated volume                                       28,156

     ·    Price                                                   NIL
 f)  Date of the transaction                                      04 August 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 LTIP Award in the form of Options
 c)                  Currency                                                     British Pounds
 d)                  Price(s) and volume(s)                                                         Price(s)          Volume(s)
                                                                                                    NIL               9,151 (Performance Award)

                                                                                                                      9,151 (Restricted Stock Award)
 e)                  Aggregated information

                     ·    Aggregated volume                                       18,302

                     ·    Price

                                                                                  NIL
 f)                  Date of the transaction                                      04 August 2023
 g)                  Place of the transaction                                     N/A

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Boris Rogoff
 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 LTIP Award in the form of Options
 c)  Currency                                                     British Pounds
 d)  Price(s) and volume(s)                                                         Price(s)          Volume(s)
                                                                                    NIL               8,522 (Performance Award)

                                                                                                      8,522 (Restricted Stock Award)
 e)  Aggregated information

     ·    Aggregated volume                                       17,044

     ·    Price                                                   NIL
 f)  Date of the transaction                                      08 November 2023
 g)  Place of the transaction                                     N/A

 

50% of the LTIP Award is subject to performance conditions ("Performance
Award"). The remaining 50% 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").

100% of the Performance Award will vest subject to 14% average net profit
margin of the Company over the next three-year period starting with the 2024
financial year of the Company. The threshold net profit margin level is 9% for
which 25% of the award vests with straight line vesting in between these two
points.

 All vested Options must be exercised within ten years of the date of grant. If
 exercised, then the underlying shares in the Company will be issued or
 transferred 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 ultra-low-cost airline, operates a
fleet of 198 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 60.3 million passengers in 2023. 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
(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 2022-2023.

 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, MHP Group:  +44 (0) 20 3128 8100

 

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