TIDMEZJ

RNS Number : 1261K

easyJet PLC

30 December 2020

easyJet plc

(the "Company")

Director/PDMR shareholding

30 December 2020

The Company announces that the Chief Executive Officer and PDMRs were granted awards under the Company's Long Term Incentive Plan (LTIP) on 29 December 2020 as set out below.

 
 PDMR                    Type of Award       Number of shares subject to Award 
 Johan Lundgren (CEO)    LTIP                214,369 
                        ------------------  ---------------------------------- 
 Peter Bellew            LTIP                56,779 
                        ------------------  ---------------------------------- 
  Restricted Stock                           56,779 
 -----------------------------------------  ---------------------------------- 
 Ella Bennett            LTIP                28,030 
                        ------------------  ---------------------------------- 
  Restricted Stock                           28,030 
 -----------------------------------------  ---------------------------------- 
 Maaike de Bie           LTIP                34,129 
                        ------------------  ---------------------------------- 
  Restricted Stock                           34,129 
 -----------------------------------------  ---------------------------------- 
 Stuart Birrell          LTIP                26,072 
                        ------------------  ---------------------------------- 
  Restricted Stock                           26,072 
 -----------------------------------------  ---------------------------------- 
 Sophie Dekkers          LTIP                23,465 
                        ------------------  ---------------------------------- 
  Restricted Stock                           23,465 
 -----------------------------------------  ---------------------------------- 
 Thomas Haagensen        LTIP                29,651 
                        ------------------  ---------------------------------- 
  Restricted Stock                           29,651 
 -----------------------------------------  ---------------------------------- 
 Garry Wilson            LTIP                41,368 
                        ------------------  ---------------------------------- 
  Restricted Stock                           41,368 
 -----------------------------------------  ---------------------------------- 
 

Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.

The LTIP Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and the extent which performance conditions are met. As set out in the 2020 Annual Report, the Remuneration Committee has decided to delay the selection of metrics and targets until 2021. It is the Remuneration Committee's intention that the metrics selected will be re-aligned with the priorities of delivering a sustainable recovery over the three-year performance period. The final LTIP metrics and targets, therefore, will be disclosed in the Annual Report for the year ending 30 September 2021. In addition, the final vesting of any awards will be considered carefully by the Remuneration Committee at that time to ensure the value delivered to participants remains appropriate relative to the performance of the Group, shareholder experience, and wider workforce impact over the entire period. In particular the Committee will ensure that no undue windfall gains are made as a result of share price movements.

The Restricted Stock Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and will not be subject to further performance conditions.

In addition, and as disclosed in the Company's 2020 Annual Report, the Chief Executive Officer is required to retain the after-tax value of any shares under the LTIP award for a further two years from the vesting date (i.e. until 29 December 2025). The Chief Executive Officer is also expected to build and maintain a shareholding equivalent of at least 250% of salary over a five-year period following appointment.

In case of queries please contact:

 
    Institutional investors and analysts: 
     Michael Barker     Investor Relations           +44 (0) 7985 890 939 
     Holly Grainger     Investor Relations           +44 (0) 7583 101 913 
 
     Media: 
    Anna Knowles         Corporate Communications    +44 (0)7985 873 313 
    Dorothy Burwell      Finsbury                    +44 (0) 7733 294 930 
                                                     +44 (0)7947 740 551 / 
    Edward Simpkins      Finsbury                     (0) 207 251 3801 
 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Johan Lundgren 
     -------------------------  ----------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status            Chief Executive Officer 
     -------------------------  ----------------------------------------------- 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ----------------------------------------------- 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ----------------------------------------------- 
 b)   Nature of the                  Grant of LTIP Award under the easyJet Long 
       transaction                    Term Incentive Plan at nil cost. 
     -------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)                     Price(s)    Volume(s) 
                                    LTIP award    Nil           214,369 
                                                 ----------  ---------- 
     -------------------------  ----------------------------------------------- 
 d)   Aggregated information 
                                   Aggregated volume: 214,369 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ----------------------------------------------- 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ----------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ----------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Peter Bellew 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Chief Operating Officer 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            56,779 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            56,779 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 113,558 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Ella Bennett 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Group People Director 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            28,030 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            28,030 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 56,060 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2019-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Maaike de Bie 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Group General Counsel & Company Secretary 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            34,129 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            34,129 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 68,258 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Stuart Birrell 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Chief Data & Information Officer 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            26,072 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            26,072 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 52,144 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                         Sophie Dekkers 
     ---------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Chief Commercial Officer 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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               Ordinary shares of 27 2/7p 
       the financial instrument, 
       type of instrument 
 
       Identification               ISIN: GB00B7KR2P84 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Grant of LTIP and Restricted Stock Award 
                                    under the easyJet Long Term and Matching 
                                    Share Plan at nil cost. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                         Price(s)    Volume(s) 
                                      LTIP award      Nil            23,465 
                                                     ----------  ---------- 
                                      Restricted 
                                       Stock award    Nil            23,465 
                                                     ----------  ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                     Aggregated volume: 46,930 
       Aggregated volume 
       Price                         GBP Nil 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      2020-12-29 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Thomas Haagensen 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Group Markets Director 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            29,651 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            29,651 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 59,302 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                       Garry Wilson 
     -------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            CEO, easyJet Holidays 
     -------------------------  ------------------------------------------ 
 b)   Initial notification/      Initial notification 
       Amendment 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 27 2/7p 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB00B7KR2P84 
       Identification 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Grant of LTIP and Restricted Stock Award 
       transaction                under the easyJet Long Term and Matching 
                                  Share Plan at nil cost. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                    LTIP award      Nil            41,368 
                                                   ----------  ---------- 
                                    Restricted 
                                     Stock award    Nil            41,368 
                                                   ----------  ---------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                   Aggregated volume: 82,736 
       Aggregated volume 
       Price                       GBP Nil 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    2020-12-29 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 

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December 30, 2020 06:00 ET (11:00 GMT)

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