Wizz Air Omnibus Plan award grants

Wizz Air Holdings PLC

17 June 2024

 

Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grants

Geneva, 17 June 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting of awards under Omnibus Share Plan ("Omnibus Plan") to a number of persons discharging management responsibilities ("PDMRs").

1.   Senior Leadership Growth Plan Awards

On 30 May 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options ("Options") under the Omnibus Plan as Senior Leadership Growth Plan awards ("SLGP Awards"), over 76,029 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.

The following PDMRs were granted SLGP Awards:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Joseph Francois Berlouis
2.	Reason for the notification
a)	Position / status	Financial Operations Officer from 1 July 2024
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	4,752
e)	Aggregated information ·    Aggregated volume ·    Price	4,752 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ervin Banyai
2.	Reason for the notification
a)	Position / status	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	4,752
e)	Aggregated information ·    Aggregated volume ·    Price	4,752 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

The SLGP Awards, which are one-off awards, will be subject to the following performance conditions:

(a)  100% of an award will vest subject to the Company's Share Price of £119.34 at the end of the Performance Period[1]. The threshold is a Company's Share Price of £77.24 for which 0% of the award vests with straight line vesting in between these two points. If prior to the end of the Performance Period, the Share Price Target is met or exceeded over any two consecutive quarters, based on the VWAP over that period, then in such case, subject to the Rules, the Award will vest in full on the Normal Vesting Date. 

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.

2.   Long-Term Incentive Plan Awards

On 30 May 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options ("Options") under the Omnibus Plan as Long-Term Incentive Plan awards ("LTIP Awards"), over 441,805 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.

The following PDMRs were granted LTIP Awards:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Etienne 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	39,817 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	39,817 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael James Delehant
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	39,817 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	39,817 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Ogden Malin
2.	Reason for the notification
a)	Position / status	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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	39,817 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	39,817 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Owain David Jones
2.	Reason for the notification
a)	Position / status	Chief Corporate 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	39,817 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	39,817 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Silvia Mosquera
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	29,365 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	29,365 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Veronika Jung
2.	Reason for the notification
a)	Position / status	People 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Yvonne Moynihan
2.	Reason for the notification
a)	Position / status	Corporate 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Janos Pal
2.	Reason for the notification
a)	Position / status	Revenue 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	10,949 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	10,949 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Diarmuid O Conghaile
2.	Reason for the notification
a)	Position / status	Managing Director Wizz Air Malta
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roland Tibor Tischner
2.	Reason for the notification
a)	Position / status	Officer Wizz Air Hungary Operations
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Boris Paul Rogoff
2.	Reason for the notification
a)	Position / status	Officer Wizz Air Central Operations
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Johan Roger Lennart Eidhagen
2.	Reason for the notification
a)	Position / status	Managing Director Wizz Air Abu Dhabi
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marion Anna Suzanna 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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zsuzsanna Poos
2.	Reason for the notification
a)	Position / status	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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	10,949 (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	10,949 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Joseph Francois Berlouis
2.	Reason for the notification
a)	Position / status	Financial Operations Officer from 1 July 2024
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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	24,226  (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	24,226 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ervin Banyai
2.	Reason for the notification
a)	Position / status	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 LTIP Award in the form of Options
c)	Currency	British Pounds
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			NIL	25,881  (Restricted Stock Award)
e)	Aggregated information ·    Aggregated volume ·    Price	25,881 NIL
f)	Date of the transaction	30 May 2024
g)	Place of the transaction	N/A

100% of the LTIP Award is not subject to performance conditions and will vest on the relevant vesting date(s) provided the PDMR remains in employment with the Company ("Restricted Stock Award").

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

- Ends - ABOUT WIZZ AIR Wizz Air, one of the most sustainable European airlines, operates a fleet of over 200 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 62 million passengers in the financial year ending 31 March 2024. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named the World's Top 5 Safest Low-Cost Airlines 2024 by airlineratings.com, the world's only safety and product rating agency, and named Airline of the Year by Air Transport Awards in 2019 and in 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards in 2021-2023 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022-2023.

For more information:
Investors:	Mark Simpson, Wizz Air	[phone]
	Dorottya Durucsko, Wizz Air
Media:	Tamara Vallois, Wizz Air James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group:	[phone] [phone]

---

[1] "Performance Period" means the seven consecutive Financial Years of which the first is the Financial Year ending 31 March 2022.

 

END