Director/PDMR Shareholding

RNS Number : 1244V

easyJet PLC

25 January 2017

 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that on 24 January 2017, Carolyn McCall, Chief Executive, exercised 345,446 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, which had previously vested in 2015 and 2016 (and relate to 2012 and 2013 incentive schemes) and have been published in successive annual reports.  She has retained 182,679 shares, selling only sufficient to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards are detailed below:

Type of award	Grant date	Vesting date	Awards vested¹	% award vested	Share price at grant
2012 LTIP Awards²	18 Dec 2012	18 Dec  2015	266,899	100%	£7.37
2013 LTIP Awards²	17 Dec  2013	17 Dec 2016	48,509	32%	£15.06
2013 Deferred Annual Bonus Plan	17 Dec  2013	17 Dec 2016	30,038	100%	£15.06
Total			345,446

¹The awards for the 2013 LTIP Award and the 2013 Deferred Annual Bonus Plan include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.

²Consists of LTIP performance awards matching awards.

Details regarding the 2012 and 2013 Long Term Incentive Plan (LTIP) (including performance conditions) and the 2013 Deferred Annual Bonus Plan (DABP) are set out in the Company's 2016 Annual Report. 

Set out below is the notification made in accordance with the requirements of the EU Market Abuse Regulation.

For further details, please contact:

Stuart Morgan, Investor Relations	[phone]
Paul Moore, Corporate Communications	[phone]

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Carolyn McCall
2.	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification/ Amendment	This is an 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 Identification code	Ordinary share of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Exercise of nil cost options (LTIP and DABP), sale of shares to fund the income tax and national insurance liability and retention of balance of shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on exercise of share award Sale of shares to satisfy income tax and NICs liability Retention of shares Nil £9.78 Nil 345,446 162,767 182,679
d)	Aggregated information -    Aggregated volume -    Price	Aggregated volume:   Exercise Volume 345,446 Price GBP Nil Sale (to cover tax and administrative costs) Volume 162,767 Price GBP £9.78 Retain Volume 182,679 Price GBP Nil
e)	Date of the transaction	2016-01-24
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options and retention of shares) and XLON (Sale of shares )

 

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