Director/PDMR Shareholding

RNS Number : 2581V

easyJet PLC

26 January 2017

 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that Peter Duffy, Chief Commercial Officer, has exercised 11,441 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company on 24 January 2017 (LTIP) and 25 January 2017 (DABP), which had previously vested in 2016 (and relate to 2013 incentive schemes) and has been published in successive annual reports.  He has retained 6,049 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
2013 LTIP Awards	17 Dec  2013	17 Dec 2016	7,497	32%	£15.06
2013 Deferred Annual Bonus Plan	17 Dec  2013	17 Dec 2016	3,944	100%	£15.06
Total			11,441

¹The awards include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.

Details regarding the 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	Peter Duffy
2.	Reason for the notification
a)	Position/status	Chief Commercial 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 (LTIP), 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 £9.76 Nil 7,497 3,533 3,964
d)	Aggregated information -    Aggregated volume -    Price	Aggregated volume:   Exercise Volume 7,497 Price GBP Nil Sale (to cover tax and administrative costs) Volume 3,533 Price GBP £9.76 Retain Volume 3,964 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 )

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Peter Duffy
2.	Reason for the notification
a)	Position/status	Chief Commercial 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 (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 £10.13 Nil 3,944 1,859 2,085
d)	Aggregated information -    Aggregated volume -    Price	Aggregated volume:  Exercise Volume 3,944 Price GBP Nil Sale (to cover tax and administrative costs) Volume 1,859 Price GBP £10.13 Retain Volume 2,085 Price GBP Nil
e)	Date of the transaction	2016-01-25
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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