Director/PDMR Shareholding

Released : 22 Dec 2016 07:00

RNS Number : 5560S
easyJet PLC
22 December 2016
 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that on 19 December 2016, Andrew Findlay, Chief Financial Officer, exercised 28,947 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, transferred 15,307 shares to Julie Findlay and sold the remainder in order to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards were part of the performance related buy out arrangement agreed to compensate Andrew Findlay for the Long Term Incentive Plan (LTIP) forfeited from his previous employer when he joined the Company in October 2015.

Further information relating to the awards made to compensate for the forfeiture of the LTIP Andrew Findlay received from his previous employer is set out on p. 72 of easyJet's 2016 Annual report and accounts which are available on the Company's website.

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

+44 (0) 7989 665 484

Paul Moore, Corporate Communications

+44 (0) 7860 794 444

 

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

Exercise of nil cost options granted on 20 November 2015 as part of the buy-out arrangements, sale of shares to fund the income tax and national insurance liability and transfer balance of shares to Julie Findlay.  

 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

Transfer of shares to Julie Findlay

Nil

 

 

£10.24

 

Nil

28,947

 

 

13,640

 

15,307

d)

Aggregated information

-    Aggregated volume

-    Price

 

Aggregated volume:  

 

Exercise

 

Volume 28,947

Price GBP Nil

Sale

Volume 13,640

Price GBP £10.24

Transfer

Volume 15,307

Price GBP Nil

e)

Date of the transaction

2016-12-19

f)

Place of the transaction

Outside a trading venue (Exercise of nil cost options and Transfer of shares) and XLON (Sale of shares )

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Julie Findlay

2.

Reason for the notification

a)

Position/status

Person closely associated

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

Receipt of 15,307 shares transferred from Andrew Findlay - Chief Financial Officer.  

 c)

Price(s) and volume(s)

 


Price(s)

Volume(s)

Transfer of shares from Andrew Findlay

Nil

15,307

d)

Aggregated information

-    Aggregated volume

-    Price

 

Not applicable

Single transaction

e)

Date of the transaction

2016-12-19

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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