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

Wizz Air HoldingsAnnouncement

06/02/2025 18:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250206:nRSF2539Wa&default-theme=true

RNS Number : 2539W  Wizz Air Holdings PLC  06 February 2025

 

Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grants

Geneva, 6 February 2025 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"),
one of the most sustainable European airlines, announces the granting of award
under the Omnibus Share Plan ("Omnibus Plan") to a person discharging
management responsibilities ("PDMRs").

 

On 31 January 2025, 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 Award ("SLGP Award"), over 4,752 ordinary
shares in the capital of Wizz Air of £0.0001 par value (identification code
JE00BN574F90) to PDMR as set out below.

 

The following PDMR was granted SLGP Award:

 

 1.   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Krzysztof Krolak
 2.   Reason for the notification
 a)   Position / status                                            Central 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               4,752
 e)   Aggregated information

      ·    Aggregated volume

      ·    Price                                                   4,752

                                                                   NIL
 f)   Date of the transaction                                       January 31 2025
 g)   Place of the transaction                                     N/A

 

 

- Ends -

 

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, 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 2021-2024,
 and the "Global Environmental Sustainability Airline Group of the Year" in
 2022-2023 and the "EMEA Environmental Sustainability Airline Group of the
 Year" in 2024 by the CAPA-Centre for Aviation Awards for Excellence.

For more information:

 Investors:  Mark Simpson, Wizz Air:                                     +36 1 777 9407

 Media:      Andras Rado, Wizz Air:                                      +36 1 777 9324
       James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group:  wizz@mhpgroup.com (mailto:wizz@mhpgroup.com)

 

 1  (#_ftnref1) "Performance Period" means the seven consecutive financial
years of which the first is the financial year ending 31 March 2022.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUNSBRVOUURAR