Director/PDMR Shareholding

RNS Number : 5822X

easyJet PLC

20 November 2014

 

easyJet plc ("the Company")

Director/PDMR shareholding

20 November 2014

The Company announces that on 19 November 2014, the PDMRs set out below exercised their awards under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold the number of ordinary shares of 27 and 2/7 pence ('Shares') set out against their name:

Name	Number of awards exercised	Number of Shares sold	Sale Price per Share	Total holding following transaction	% of total voting rights following transaction
Carolyn McCall	130,000	130,000	£15.427	232,800	0.059
Chris Kennedy	150,000	150,000	£15.427	112,033	0.028

The LTIP award was granted on 31 March 2011 based on a share price of £3.379. The LTIP award vested on 31 March 2014 at 100% of the total award. This 100% vesting required easyJet's Return on Capital Employed (ROCE) to achieve the target of 12% (if the award was the equivalent of up to 100% salary) or 13% (if the award was the equivalent of between 100% and 200% of salary). The ROCE targets were based on ROCE (excluding operating lease adjustments) for the financial year ending 30 September 2013. The Company achieved a ROCE target of 17.4% in the 2013 financial year.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rule 3.1.2R and 3.1.4R. The Company received notification of this transaction on 19 November 2014.

For further details, please contact:

Institutional investors and analysts

Will MacLaren, Investor Relations	07961 763 879
Michael Barker	07985 890 939

Media:

Paul Moore, Corporate Communications

07860 794 444

 

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