REG - Wizz Air Holdings - Wizz Air Omnibus Plan award grants
20/11/2024 17:30
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RNS Number : 0343N Wizz Air Holdings PLC 20 November 2024
Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 20 November 2024 - Wizz Air Holdings Plc ("Wizz Air" or the
"Company"), one of the most sustainable European airlines, announces the
granting and amendment of awards under Omnibus Share Plan ("Omnibus Plan") to
a number of persons discharging management responsibilities ("PDMRs").
1. Senior Leadership Growth Plan Awards
On 18 November 2024, following approval by the Company's remuneration
committee from 5 November 2024, Wizz Air made the following amendment to one
Senior Leadership Growth Plan Award ("SLGP Award") granted on 30 May 2024 and
made a grant of options ("Options") under the SLGP Awards for several PDMRs as
per below:
· Increased the number of ordinary shares under the SLGP Award
granted on the 30 May 2024 to Ervin Banyai by 4,752 (which had been
incorrectly granted due to a clerical error), meaning the total number of
shares under award for the PDMR was 9,504.
· Granted over 21,384 ordinary shares in the capital of Wizz Air of
£0.0001 par value (identification code JE00BN574F90) to PDMRs as set out
below.
SLGP Awards were amended and granted for the following PDMRs:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ervin Banyai
2. Reason for the notification
a) Position / status Digital Officer
b) Initial notification / amendment Amendment
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 18 November 2024
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 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 2,376
e) Aggregated information
· Aggregated volume 2,376
· Price NIL
f) Date of the transaction 18 November 2024
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mauro Jose Aguiar Peneda
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 4,752
e) Aggregated information
· Aggregated volume 4,752
· Price NIL
f) Date of the transaction 18 November 2024
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Piotr Trawka
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 4,752
e) Aggregated information
· Aggregated volume 4,752
· Price NIL
f) Date of the transaction 18 November 2024
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 (#_edn1) . 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 rues, 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.
2. Long-Term Incentive Plan Awards
On 18 November 2024, following approval by the Company's Remuneration
Committee from 5 November 2024, Wizz Air made a grant of options ("Options")
under the Omnibus Plan as Long-Term Incentive Plan awards ("LTIP
Awards"), over 44,771 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 LTIP Awards:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Diarmuid O'Conghaile
2. Reason for the notification
a) Position / status 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 11,607
e) Aggregated information
· Aggregated volume 11,607
· Price NIL
f) Date of the transaction 18 November 2024
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mauro Jose Aguiar Peneda
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 16,582
e) Aggregated information
· Aggregated volume 16,582
· Price NIL
f) Date of the transaction 18 November 2024
g) Place of the transaction N/A
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Piotr Trawka
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 16,582
e) Aggregated information
· Aggregated volume 16,582
· Price NIL
f) Date of the transaction 18 November 2024
g) Place of the transaction N/A
- 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
1 (#_ednref1) "Performance Period" means the seven consecutive financial
years of which the first is the financial year ending 31 March 2022.
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