Director/PDMR Shareholding

Released : 5 Jan 2016 16:01

RNS Number : 9208K
easyJet PLC
05 January 2016

easyJet plc ("the Company")

Director/PDMR shareholding

5 January 2016

The Company announces that on 4 January 2016, the PDMR set out below exercised her award granted on 18 December 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold the number of ordinary shares of 27 and 2/7 pence set out against her name below.  


Number of LTIP awards exercised

Number of LTIP shares sold

Number of LTIP shares retained

Sale price

Cath Lynn






The LTIP award grant on 18 December 2012 was based on a share price of £7.37. The LTIP award vested on 18 December 2015 at 100% of the total award. Of this, 50% vesting required easyJet's ROCE to achieve targets of at least 16%. The targets were based on three year average ROCE (excluding operating lease adjustments) performance for the years ended 30 September 2013, 30 September 2014 and 30 September 2015 ("the Performance Period"). The Company achieved an average ROCE of 20% for the three financial years ended 30 September 2015.

The remaining 50% required a Total Shareholder Return (TSR) over the Performance Period to be in the upper quartile of a comparator group comprising the constituents of the FTSE 51 to FTSE 150 (as at the date of grant).  The vesting of the TSR portion of the award was subject to having a positive TSR over the period.

This notification is made pursuant to the requirements of the Disclosure and Transparency Rules 3.1.2R and 3.1.4R. The Company received notification of the LTIP transactions on 4 January 2016.

For further details, please contact:

Institutional investors and analysts

Stuart Morgan, Investor Relations

07989 665484

Michael Barker, Investor Relations

07985 890 939


Paul Moore, Corporate Communications

07860 794 444

Anna Knowles, Corporate Communications

07985 873 313


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