easyJet plc
(the "Company")
Director/PDMR Shareholding
18 September 2019
The Company announces that on 17 September 2019, the PDMRs set out in the table below were granted buy-out arrangements to compensate for long-term incentive awards forfeited from their previous employers ("Awards"). This approach is in line with our policy on buy-out arrangements, the expectations of institutional investors where a buy-out takes place, and has been calculated to replicate the likely value and time horizons associated with the awards at the previous employer.
| PDMR | Type of Award | Number of shares subject to Award | Vesting Date |
| Maaike de Bie | Restricted Stock | 9,080 | 30 June 2020 |
| Restricted Stock | 7,013 | 30 June 2021 | |
| Sam Kini | Restricted Stock | 35,718 | 1 February 2020 |
| Restricted Stock | 5,526 | 30 April 2021 | |
| LTIP | 23,024 | 19 December 2021 |
Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.
The Restricted Stock Awards will vest subject to continued employment with the Company on the dates set out above and will not be subject to further performance conditions.
The LTIP Awards will vest and become exercisable on the date set out above subject to continued employment with the Company and the extent to which Return of Capital Employed (ROCE), total headline Earnings Per Share (EPS) and relative total shareholder return (TSR) performance conditions are met, in line with the LTIP Awards made to other PDMRs in December 2018, further details of which are set out in the announcement dated 19 December 2018.
For further details, please contact:
| Michael Barker, Investor Relations | 07985 890939 |
| Anna Knowles, Corporate Communications | 07985 873313 |
| Dorothy Burwell/Ed Simpkins, Finsbury | 020 7251 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 | Maaike de Bie | |||||||||
| 2. | Reason for the notification | ||||||||||
| a) | Position/status | Group General Counsel and Company Secretary | |||||||||
| b) | Initial notification/ Amendment | 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 | Ordinary shares of 27 2/7p
| |||||||||
|
| Identification code | ISIN: GB00B7KR2P84 | |||||||||
| b) | Nature of the transaction | Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume |
Aggregated volume: 16,093 | |||||||||
|
| - Price | GBP £0.00 | |||||||||
| e) | Date of the transaction | 2019-09-17 | |||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
| a) | Name | Sam Kini | |||||||||
| 2. | Reason for the notification | ||||||||||
| a) | Position/status | Chief Data & Information Officer | |||||||||
| b) | Initial notification/ Amendment | 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 | Ordinary shares of 27 2/7p
| |||||||||
|
| Identification code | ISIN: GB00B7KR2P84 | |||||||||
| b) | Nature of the transaction | Grant of Restricted Stock Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume |
Aggregated volume: 41,244 | |||||||||
|
| - Price | GBP £0.00 | |||||||||
| e) | Date of the transaction | 2019-09-17 | |||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||
| 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 | Ordinary shares of 27 2/7p
| |||||||||
|
| Identification code | ISIN: GB00B7KR2P84 | |||||||||
| b) | Nature of the transaction | Grant of LTIP Awards in the form of nil cost options under the easyJet plc Long Term Incentive Plan. | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume |
Aggregated volume: 23,024 | |||||||||
|
| - Price | GBP £0.00 | |||||||||
| e) | Date of the transaction | 2019-09-17 | |||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||