Director/PDMR Shareholding

Released : 26 Jan 2017 17:50

RNS Number : 2581V
easyJet PLC
26 January 2017
 

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that Peter Duffy, Chief Commercial Officer, has exercised 11,441 nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company on 24 January 2017 (LTIP) and 25 January 2017 (DABP), which had previously vested in 2016 (and relate to 2013 incentive schemes) and has been published in successive annual reports.  He has retained 6,049 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

2013 LTIP Awards

17 Dec  2013

17 Dec 2016

7,497

32%

£15.06

2013 Deferred Annual Bonus Plan

17 Dec  2013

17 Dec 2016

3,944

100%

£15.06

Total

11,441

¹The awards include dividend equivalents in respect of ordinary dividends for the period between grant and vesting in the form additional vested awards.

 

Details regarding the 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

Peter Duffy

2.

Reason for the notification

a)

Position/status

Chief Commercial 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 (LTIP), 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

 

 

 

£9.76

 

 

 

Nil

7,497

 

 

 

3,533

 

 

 

3,964

 

d)

Aggregated information

-    Aggregated volume

-    Price

 

Aggregated volume:  

 

Exercise

 

Volume 7,497

Price GBP Nil

Sale (to cover tax and administrative costs)

Volume 3,533

Price GBP £9.76

Retain

Volume 3,964

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 )

 



 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Peter Duffy

2.

Reason for the notification

a)

Position/status

Chief Commercial 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 (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

 

 

 

£10.13

 

 

 

Nil

3,944

 

 

 

1,859

 

 

 

2,085

 

d)

Aggregated information

-    Aggregated volume

-    Price

 

Aggregated volume: 

 

Exercise

 

Volume 3,944

Price GBP Nil

Sale (to cover tax and administrative costs)

Volume 1,859

Price GBP £10.13

Retain

Volume 2,085

Price GBP Nil

e)

Date of the transaction

2016-01-25

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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