Director/PDMR Shareholding

RNS Number : 5560S

easyJet PLC

22 December 2016

 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that on 19 December 2016, Andrew Findlay, Chief Financial Officer, exercised 28,947 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, transferred 15,307 shares to Julie Findlay and sold the remainder in order to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards were part of the performance related buy out arrangement agreed to compensate Andrew Findlay for the Long Term Incentive Plan (LTIP) forfeited from his previous employer when he joined the Company in October 2015.

Further information relating to the awards made to compensate for the forfeiture of the LTIP Andrew Findlay received from his previous employer is set out on p. 72 of easyJet's 2016 Annual report and accounts which are available on the Company's website.

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	Andrew Findlay
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
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 granted on 20 November 2015 as part of the buy-out arrangements, sale of shares to fund the income tax and national insurance liability and transfer balance of shares to Julie Findlay.
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 Transfer of shares to Julie Findlay Nil £10.24 Nil 28,947 13,640 15,307
d)	Aggregated information -    Aggregated volume -    Price	Aggregated volume:   Exercise Volume 28,947 Price GBP Nil Sale Volume 13,640 Price GBP £10.24 Transfer Volume 15,307 Price GBP Nil
e)	Date of the transaction	2016-12-19
f)	Place of the transaction	Outside a trading venue (Exercise of nil cost options and Transfer of shares) and XLON (Sale of shares )

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Julie Findlay
2.	Reason for the notification
a)	Position/status	Person closely associated
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	Receipt of 15,307 shares transferred from Andrew Findlay - Chief Financial Officer.
c)	Price(s) and volume(s)	Price(s) Volume(s) Transfer of shares from Andrew Findlay Nil 15,307
d)	Aggregated information -    Aggregated volume -    Price	Not applicable Single transaction
e)	Date of the transaction	2016-12-19
f)	Place of the transaction	Outside a trading venue

 

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