Director/PDMR Shareholding

RNS Number : 8065M

easyJet PLC

18 September 2019

 

easyJet plc

(the "Company")

Director/PDMR Shareholding

18 September 2019

The Company announces that on 17 September 2019, the PDMRs set out in the table below were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers ("Awards"). This approach 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 to replicate the likely value and time horizons associated with the awards at the previous employer.

PDMR	Type of Award	Number of shares subject to Award	Vesting Date
Maaike de Bie	Restricted Stock	9,080	30 June 2020
	Restricted Stock	7,013	30 June 2021
Sam Kini	Restricted Stock	35,718	1 February 2020
	Restricted Stock	5,526	30 April 2021
	LTIP	23,024	19 December 2021

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

The Restricted Stock Awards will vest subject to continued employment with the Company on the dates set out above and will not be subject to further performance conditions.

The LTIP Awards will vest and become exercisable on the date set out above subject to continued employment with the Company and the extent to which Return of Capital Employed (ROCE), total headline Earnings Per Share (EPS) and relative total shareholder return (TSR) performance conditions are met, in line with the LTIP Awards made to other PDMRs in December 2018, further details of which are set out in the announcement dated 19 December 2018.

For further details, please contact:

Michael Barker, Investor Relations	07985 890939
Anna Knowles, Corporate Communications	07985 873313
Dorothy Burwell/Ed Simpkins, Finsbury	020 7251 3801

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Maaike de Bie
2.	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
b)	Initial notification/ Amendment	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	Ordinary shares of 27 2/7p
	Identification code	ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Restricted Stock Award GBP 0.00 9,080 Restricted Stock Award GBP 0.00 7,013
d)	Aggregated information -    Aggregated volume	Aggregated volume: 16,093
	-    Price	GBP £0.00
e)	Date of the transaction	2019-09-17
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Sam Kini
2.	Reason for the notification
a)	Position/status	Chief Data & Information Officer
b)	Initial notification/ Amendment	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	Ordinary shares of 27 2/7p
	Identification code	ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Restricted Stock Awards GBP 0.00 35,718 Restricted Stock Awards GBP 0.00 5,526
d)	Aggregated information -    Aggregated volume	Aggregated volume: 41,244
	-    Price	GBP £0.00
e)	Date of the transaction	2019-09-17
f)	Place of the transaction	Outside a trading venue
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	Ordinary shares of 27 2/7p
	Identification code	ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP Award GBP 0.00 23,024
d)	Aggregated information -    Aggregated volume	Aggregated volume: 23,024
	-    Price	GBP £0.00
e)	Date of the transaction	2019-09-17
f)	Place of the transaction	Outside a trading venue

 

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