Director/PDMR Shareholding

RNS Number : 9072H

Wizz Air Holdings PLC

06 August 2021

 

Wizz Air Holdings Plc

Wizz Air VCP and Omnibus Plan award grants

Geneva, 6 August 2021 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), the fastest-growing European airline, announces the granting of awards under new value creation plan ("VCP") and new omnibus share plan ("Omnibus Plan"), to a number of persons discharging management responsibilities ("PDMRs").

On 6 August 2021, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the VCP over 837,943 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("VCPAwards") to a PDMR as set out below.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	József Váradi
2.	Reason for the notification
a)	Position / status	Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	837,943
e)	Aggregated information · Aggregated volume · Price	837,943 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

In relation to VCP Awards, the award will be subject to the following performance conditions:

a)  90% of an award will vest subject to 20% compound annual growth rate ("CAGR") in the Company's share price over the next five-year period. The threshold growth level is 10% CAGR for which 20% of the maximum award vests with straight line vesting in between these two points. Base period for calculation is volume weighted average share price ("VWAP") over 1H CY 2021 - tested against share price at end of period VWAP 1H CY 2026 ; and

b)  if the minimum threshold CAGR of 10% CAGR is achieved then up to 10% of an award may vest based on the achievement of ESG targets, the criteria for which will be people and environment, both weighted at 5%. If the 10% CAGR is not achieved, no ESG portion of the award will vest.

All vested options must be exercised within ten years of the date of grant. If exercised, then the underlying shares of the vested options will be issued at nil cost to the option holders. No amounts have been paid by the relevant PDMRs for the grant of these options.

On 6 August 2021, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan, in relation to senior leadership growth plan ("SLGP"), over 356,386 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("SLGP Awards") to PDMRs as set out below.

The following PDMRs were granted SLGP Awards of Performance Options:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Carey
2.	Reason for the notification
a)	Position / status	President
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	42,766
e)	Aggregated information · Aggregated volume · Price	42,766 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jourik Hooghe
2.	Reason for the notification
a)	Position / status	Executive Vice President & Group Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	42,766
e)	Aggregated information · Aggregated volume · Price	42,766 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Delehant
2.	Reason for the notification
a)	Position / status	Executive Vice President & Group Chief Operations Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	42,766
e)	Aggregated information · Aggregated volume · Price	42,766 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	George Michalopoulos
2.	Reason for the notification
a)	Position / status	Chief Commercial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marion Geoffroy
2.	Reason for the notification
a)	Position / status	Managing Director Wizz Air UK
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Heiko Holm
2.	Reason for the notification
a)	Position / status	Chief Operations Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Johan Eidhagen
2.	Reason for the notification
a)	Position / status	Chief People and ESG Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joel Goldberg
2.	Reason for the notification
a)	Position / status	Chief Digital Officer
b)	Initial notification / amendment	Initial notification
3/	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	András Sebők
2.	Reason for the notification
a)	Position / status	Chief Central Operations Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Owain Jones
2.	Reason for the notification
a)	Position / status	Chief Supply Chain and Legal Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zsuzsa Poós
2.	Reason for the notification
a)	Position / status	Chief Customer and Marketing Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	28,511
e)	Aggregated information · Aggregated volume · Price	28,511 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

T he SLGP Awards, which are on-off awards, will be subject to the following performance conditions:

(a)  100% of an award will vest subject to 20% CAGR in the Company's share price over the next five-year period. The threshold growth level is 15% CAGR for which 0% of the award vests with straight line vesting in between these two points. Base period for calculation is VWAP over 1H CY 2021 - tested against share price at end of period VWAP 1H CY 2026; and

All vested options must be exercised within ten years of the date of grant. If exercised, then the underlying shares of the vested options will be issued at nil cost to the option holders. No amounts have been paid by the relevant PDMRs for the grant of these options.

On 6 August 2021, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan, in relation to long-term incentive plan ("LTIP"), over 141,249 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("LTIP Awards") to PDMRs as set out below.

The following PDMRs were granted LTIP Awards of Performance Options:

5.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Carey
6.	Reason for the notification
a)	Position / status	President
b)	Initial notification / amendment	Initial notification
7.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
8.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	13,553
e)	Aggregated information · Aggregated volume · Price	13,553 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

9.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jourik Hooghe
10.	Reason for the notification
a)	Position / status	Executive Vice President & Group Chief Financial Officer
b)	Initial notification / amendment	Initial notification
11.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
12.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	17,736
e)	Aggregated information · Aggregated volume · Price	17,736 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

13.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Delehant
14.	Reason for the notification
a)	Position / status	Executive Vice President & Group Chief Operations Officer
b)	Initial notification / amendment	Initial notification
15.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
16.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	17,736
e)	Aggregated information · Aggregated volume · Price	17,736 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

17.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	George Michalopoulos
18.	Reason for the notification
a)	Position / status	Chief Commercial Officer
b)	Initial notification / amendment	Initial notification
19.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
20.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

21.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marion Geoffroy
22.	Reason for the notification
a)	Position / status	Managing Director Wizz Air UK
b)	Initial notification / amendment	Initial notification
23.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
24.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

25.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Heiko Holm
26.	Reason for the notification
a)	Position / status	Chief Operations Officer
b)	Initial notification / amendment	Initial notification
27.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
28.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

29.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Johan Eidhagen
30.	Reason for the notification
a)	Position / status	Chief People and ESG Officer
b)	Initial notification / amendment	Initial notification
31.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
32.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Shares
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Joel Goldberg
2.	Reason for the notification
a)	Position / status	Chief Digital Officer
b)	Initial notification / amendment	Initial notification
3/	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	András Sebők
2.	Reason for the notification
a)	Position / status	Chief Central Operations Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Owain Jones
2.	Reason for the notification
a)	Position / status	Chief Supply Chain and Legal Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zsuzsa Poós
2.	Reason for the notification
a)	Position / status	Chief Customer and Marketing Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Wizz Air Holdings Plc
b)	Legal entity identifier	213800COXGZCORLJZA85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument,  type of instrument	Ordinary shares of £0.0001 each
	Identification code	JE00BN574F90
b)	Nature of the transaction	Grant of Performance Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	11,528
e)	Aggregated information · Aggregated volume · Price	11,528 NIL
f)	Date of the transaction	6 August 2021
g)	Place of the transaction	N/A

For the LTIP Awards, other than SLGP Awards, the performance share awards will be subject to conditions set out below:

(i)  90% of an award will vest subject to 15% CAGR in the Company's share price over the next three-year period. The threshold growth level is 7.5% CAGR for which 25% of the award vests with straight line vesting in between these two points. Base period for calculation is VWAP over 1H CY 2021 - tested against share price at end of period VWAP 1H CY 2024; and

(ii)  10% of an award will vest based on the achievement of ESG targets, the criteria for which will be people and environment both weighted at 5%. If the minimum threshold CAGR of 7.5% is not achieved no ESG portion will vest.

All vested options must be exercised within ten years of the date of grant. If exercised, then the underlying shares of the vested options will be issued at nil cost to the option holders. No amounts have been paid by the relevant PDMRs for the grant of these options.

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ABOUT WIZZ AIR

Wizz Air, the fastest growing European low-cost airline, operates a fleet of 142 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 10.2 million passengers in the financial year F21 ending 31 March 2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by  airlineratings.com , the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.

For more information:
Investors:	Zlatko Custovic, Wizz Air	[phone]
Media:	Natasha Seager Smith, Wizz Air:	[phone]
	Edward Bridges / Jonathan Neilan, FTI Consulting LLP:	[phone]

 

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