Director/PDMR Shareholding

RNS Number : 3752C

easyJet PLC

28 September 2018

 

easyJet plc ("the Company")

Director/PDMR shareholding

28 September 2018

The Company announces that on 28 September 2018, the following PDMRs as set out in the table below, were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers. The approach to the buy-out 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 so as to replicate the likely value and time horizons associated with the awards at the previous employer.

The awards will vest, subject to continued employment with the Company on the dates set out below. The shares will not be subject to further performance conditions.

Name	Type of Award	Number of shares subject to award	Vesting date
Flic Howard-Allen, (PDMR, Chief Communications Officer)	Restricted Shares	6,720	18 December 2019
	Restricted Shares	5,734	18 December 2020
Luca Zuccoli (PDMR, Chief Data Officer)	Restricted Shares	11,235	18 December 2018
	Restricted Shares	11,235	18 December 2019

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

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP.

For further details, please contact:

Stuart Morgan, Investor Relations	[phone]
Michael Barker, Investor Relations	[phone]
Anna Knowles, Corporate Communications	[phone]

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Flic Howard-Allen
2.	Reason for the notification
a)	Position/status	Chief Communications 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	The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.
c)	Price(s) and volume(s)	Price(s) Volume(s) Restricted Shares Nil 6,720 Restricted Shares Nil 5,734
d)	Aggregated information Aggregated volume Price	Aggregated volume: 12,454 GBP Nil
e)	Date of the transaction	2018-09-28
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Luca Zuccoli
2.	Reason for the notification
a)	Position/status	Chief Data 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	The grant of Nil-Cost options as part of a buy-out arrangement to compensate for long-term incentive awards forfeited from a previous employer.
c)	Price(s) and volume(s)	Price(s) Volume(s) Restricted Shares Nil 11,235 Restricted Shares Nil 11,235
d)	Aggregated information Aggregated volume Price	Aggregated volume: 22,470 GBP Nil
e)	Date of the transaction	2018-09-28
f)	Place of the transaction	Outside a trading venue

 

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