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Regulatory Story
Company easyJet PLC
TIDM EZJ
Headline Director/PDMR Shareholding
Released 10:45 18-Sep-2019
Number 8065M10

RNS Number : 8065M
easyJet PLC
18 September 2019
 

easyJet plc

(the "Company")

 

Director/PDMR Shareholding

 

18 September 2019

The Company announces that on 17 September 2019, the PDMRs set out in the table below were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers ("Awards"). This approach is in line with our policy on buy-out arrangements, the expectations of institutional investors where a buy-out takes place, and has been calculated to replicate the likely value and time horizons associated with the awards at the previous employer.

PDMR

Type of Award

Number of shares subject to Award

Vesting Date

Maaike de Bie

Restricted Stock

9,080

30 June 2020

Restricted Stock

7,013

30 June 2021

Sam Kini

Restricted Stock

35,718

1 February 2020

Restricted Stock

5,526

30 April 2021

LTIP

23,024

19 December 2021

Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.

The Restricted Stock Awards will vest subject to continued employment with the Company on the dates set out above and will not be subject to further performance conditions.

The LTIP Awards will vest and become exercisable on the date set out above subject to continued employment with the Company and the extent to which Return of Capital Employed (ROCE), total headline Earnings Per Share (EPS) and relative total shareholder return (TSR) performance conditions are met, in line with the LTIP Awards made to other PDMRs in December 2018, further details of which are set out in the announcement dated 19 December 2018.

For further details, please contact:

 

Michael Barker, Investor Relations

07985 890939

Anna Knowles, Corporate Communications

07985 873313

Dorothy Burwell/Ed Simpkins, Finsbury

020 7251 3801

 

 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Maaike de Bie

2.

Reason for the notification

a)

Position/status

Group General Counsel and Company Secretary 

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 27 2/7p

 

 

Identification code

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Restricted Stock Award

GBP 0.00

9,080

Restricted Stock Award

GBP 0.00

7,013

 

d)

Aggregated information

-    Aggregated volume

 

 

Aggregated volume: 16,093

 

-    Price

GBP £0.00

e)

Date of the transaction

2019-09-17

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Sam Kini

2.

Reason for the notification

a)

Position/status

Chief Data & Information Officer 

b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

easyJet plc

b)

LEI

2138001S47XKWIB7TH90

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 27 2/7p

 

 

Identification code

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Restricted Stock Awards

GBP 0.00

35,718

Restricted Stock Awards

GBP 0.00

5,526

 

d)

Aggregated information

-    Aggregated volume

 

 

Aggregated volume: 41,244

 

-    Price

GBP £0.00

e)

Date of the transaction

2019-09-17

f)

Place of the transaction

Outside a trading venue

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 27 2/7p

 

 

Identification code

ISIN: GB00B7KR2P84

b)

Nature of the transaction

Grant of LTIP Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

LTIP Award

GBP 0.00

23,024

 

d)

Aggregated information

-    Aggregated volume

 

 

Aggregated volume: 23,024

 

-    Price

GBP £0.00

e)

Date of the transaction

2019-09-17

f)

Place of the transaction

Outside a trading venue

 

 

 

 


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