Director/PDMR Shareholding

RNS Number : 3022K

easyJet PLC

12 December 2018

 

easyJet plc ("the Company")

Director/PDMR shareholding

12 December 2018

The Company announces that on 12 December 2018, Garry Wilson was granted the share awards, as set out in the table below. The awards will vest, subject to continued employment with the Company on the dates set out below.

Name	Type of Award	Number of shares subject to award	Performance conditions	Vesting date
Garry Wilson (PDMR, CEO easyJet Holidays)	Restricted Shares	35,647	Note 1	12 May 2019
	Restricted Shares	18,341	Note 1	19 December 2019
	LTIP awards	9,170	Note 2	19 December 2019
	LTIP awards	18,521	Note 3	19 December 2020

Note 1 The Restricted Share awards will not be subject to further performance conditions.

Note 2 This award will only vest to the extent that the performance targets set for the December 2016 easyJet LTIP awards are met and Garry's continued employment to 19 December 2019.

Note 3 This award will only vest to the extent that the performance targets set for the December 2017 easyJet LTIP awards are met and Garry's continued employment to 19 December 2020.

Each of the 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]
Flic Howard-Allen, Corporate Communications			[phone]
1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Garry Wilson
2.	Reason for the notification
a)	Position/status	CEO easyJet Holidays
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 35,647 Restricted Shares Nil 18,341 LTIP awards Nil 9,170 LTIP awards Nil 18,521
d)	Aggregated information Aggregated volume Price	Aggregated volume: 81,679 GBP Nil
e)	Date of the transaction	2018-12-12
f)	Place of the transaction	Outside a trading venue

 

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