Wizz Air Holdings PLC Wizz Air Omnibus Plan award grant
03 Ottobre 2024 - 2:52PM
RNS Regulatory News
RNS Number : 8738G
Wizz Air Holdings PLC
03 October 2024
Wizz Air Holdings
Plc
Wizz Air Omnibus Plan award
grant
Geneva, 3 October 2024 - Wizz
Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines,
announces the granting of awards under the omnibus
share plan ("Omnibus Plan) to a person discharging management
responsibilities ("PDMR").
As proposed to and subsequently
approved by shareholders at the Company's AGM on 25th
September 2024, changes to the Directors' Remuneration Policy and
Omnibus Plan rules have been implemented to allow the Company's
Chief Executive Officer, József
Váradi, to be granted LTIP awards under the
Omnibus Plan.
On 25 September 2024, following
approval by the Company's Remuneration Committee, Wizz Air made a
grant of options under the Omnibus Plan in relation to
Long -Term Incentive Plan ("LTIP"), over 133,957 ordinary shares in the capital of Wizz Air of
£0.0001 par value (identification code JE00BN574F90) ("LTIP Award") to PDMR as set out
below.
The following PDMR was granted LTIP
Award of Options:
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
József Váradi
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Chief Executive 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
Options
|
c)
|
Currency
|
British Pounds
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
NIL
|
133,957
(Restricted Stock Award)
|
|
e)
|
Aggregated information
· Aggregated volume
· Price
|
133,957
NIL
|
f)
|
Date of the transaction
|
1 October 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 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.
|
-Ends-
ABOUT WIZZ AIR
Wizz Air, one of the most
sustainable European airlines, operates a fleet of over 220 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
|
+36 1 777 9407
|
|
Dorottya Durucsko, Wizz
Air
|
|
Media:
|
Andras Rado, Wizz Air:
|
communications@wizzair.com
|
|
James McFarlane / Eleni Menikou/
Charles Hirst, MHP Group:
|
+44 (0) 20 3128 8100
|
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