Director/PDMR Shareholding

RNS Number : 6579V

easyJet PLC

31 January 2017

 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that Andrew Findlay, Chief Financial Officer, has entered into an arrangement on 31 January 2017 under which Mr Findlay has requested that on the payroll date of each month (or the next dealing day as relevant) the sum of £3,125, less deduction of tax and dealing costs, be applied from his salary to the purchase of ordinary shares at prevailing value. This amount relates to Andrew's monthly salary increase effective from 1 January 2017. As noted in the Company's 2016 Annual Report, Andrew had asked for his cash salary to remain static and he wishes for the amount of his 2017 salary increase to be applied to the purchase of shares, which he would retain in order to build his shareholding in the Company. The Company's Remuneration Committee is supportive of his decision.

Under the terms of this arrangement, on 31 January 2017, Andrew Findlay acquired 168 27 2/7 p ordinary shares in the capital of the Company, at a purchase price of £9.65 per share.

The terms of the arrangement, which constitute an employee saving scheme, cannot be altered or cancelled during a closed period. The transactions under this arrangement will be disclosed on a monthly basis by announcement through a Regulatory Information Service, pursuant to the EU Market Abuse Regulation.

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	Purchase of ordinary shares pursuant to the terms of an employee saving scheme arrangement.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares £9.65 168
d)	Aggregated information -    Aggregated volume -    Price	168 £9.65
e)	Date of the transaction	2017-31-01
f)	Place of the transaction	XLON

 

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