Director/PDMR Shareholding

Released : 25 Jan 2017 15:02

RNS Number : 1244V
easyJet PLC
25 January 2017
 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that on 24 January 2017, Carolyn McCall, Chief Executive, exercised 345,446 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company, which had previously vested in 2015 and 2016 (and relate to 2012 and 2013 incentive schemes) and have been published in successive annual reports.  She has retained 182,679 shares, selling only sufficient to fund the tax and national insurance liabilities and administrative fees arising on exercise. These awards are detailed below:

Type of award

Grant date

Vesting date

Awards vested¹

% award vested

Share price at grant

2012 LTIP Awards²

18 Dec 2012

18 Dec  2015

266,899

100%

£7.37

2013 LTIP Awards²

17 Dec  2013

17 Dec 2016

48,509

32%

£15.06

2013 Deferred Annual Bonus Plan

17 Dec  2013

17 Dec 2016

30,038

100%

£15.06

Total

345,446

¹The awards for the 2013 LTIP Award and the 2013 Deferred Annual Bonus Plan include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.

²Consists of LTIP performance awards matching awards.

Details regarding the 2012 and 2013 Long Term Incentive Plan (LTIP) (including performance conditions) and the 2013 Deferred Annual Bonus Plan (DABP) are set out in the Company's 2016 Annual Report. 

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

Carolyn McCall

2.

Reason for the notification

a)

Position/status

Chief Executive

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 (LTIP and DABP), sale of shares to fund the income tax and national insurance liability and retention of balance of shares.  

 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

Retention of shares

Nil

 

 

£9.78

 

Nil

345,446

 

 

162,767

 

182,679

d)

Aggregated information

-    Aggregated volume

-    Price

 

Aggregated volume:  

 

Exercise

 

Volume 345,446

Price GBP Nil

Sale (to cover tax and administrative costs)

Volume 162,767

Price GBP £9.78

Retain

Volume 182,679

Price GBP Nil

e)

Date of the transaction

2016-01-24

f)

Place of the transaction

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

 


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