Director/PDMR Shareholding

RNS Number : 5731Z

easyJet PLC

24 September 2009

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

1. Name of the issuer

easyJet plc

………………………………

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; or

(ii) a disclosure made in accordance with section 793 of the Companies Act 2006; or 

(iii) paragraph 26 of the Model Code

(i)

………………………………

3. Name of person discharging managerial responsibilities/director

Sir Stelios Haji-Ioannou

………………………………

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

easyGroup Holdings Limited

………………………………

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

easyGroup Holdings Limited

……………………………

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

A Liquidity Collar Transaction relating to ordinary shares in the Company.

………………………………

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

………………………………

8. State the nature of the transaction

In respect of 2 million Ordinary Shares, the subject of the transaction, easyGroup Holdings Limited will continue to enjoy the upside in the price per Ordinary Share up to a price of £4.4463 per Ordinary Share.

In return for forfeiting the upside beyond £4.4463, easyGroup Holdings Limited will be protected against a decline in the value of the Ordinary Shares below £3.4057 per Ordinary Share.

As part of the transaction, easyGroup Holdings has pledged 2 million Ordinary Shares to the counterparty and granted the counterparty the right to use these shares.

easyGroup Holdings Limited has been able to raise liquidity against the 2 million Ordinary Shares as a result of the transaction.

9. Number of shares, debentures or financial instruments relating to shares acquired

N/A

………………………………

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

………………………………

11. Number of shares, debentures or financial instruments relating to shares disposed

N/A

………………………………

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

N/A

………………………………

13. Price per share or value of transaction

The price of the transaction is as detailed under 8 above and equates to a value of £7.5 million based on number of shares and current share price.

………………………………

14. Date and place of transaction

21 September 2009,  London

………………………………

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

…………N/A……………………

16. Date issuer informed of transaction

23 September 2009

………………………………

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant

N/A

………………………………

18. Period during which or date on which it can be exercised

N/A

………………………………

19. Total amount paid (if any) for grant of the option

N/A

………………………………

20. Description of shares or debentures involved (class and number)

N/A

………………………………

………………………………

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

………………………………

22. Total number of shares or debentures over which options held following notification

N/A

………………………………

23. Any additional information

………………………………

24. Name of contact and telephone number for queries

Oliver Aust  - Corporate Communications        01582 525973

Rachel Kentleton - Investor Relations               01582 525258

………………………………

Name and signature of duly authorised officer of issuer responsible for making notification

Giles Pemberton, Company Secretary

………………………………

Date of notification

24 September  2009

………………………………

END 

 

END

 

 

RDSFGGZLNFFGLZM