easyJet PLC Director/PDMR Shareholding (0767C)
January 13 2015 - 12:43PM
UK Regulatory
TIDMEZJ
RNS Number : 0767C
easyJet PLC
13 January 2015
easyJet plc ("the Company")
Director/PDMR shareholding
13 January 2015
The Company announces that on 12 January 2015, the PDMR set out
below exercised her award under the easyJet Long Term Incentive
Plan ('LTIP') and subsequently sold and retained the resulting
number of ordinary shares of 27 and 2/7 pence ('Shares') set out
against her name:
Name Number Number Sale Number Total % of total
of awards of Shares Price of shares holding voting
exercised sold per Share retained following rights
transaction following
transaction
------- ----------- ----------- ----------- ----------- ------------- -------------
Cath
Lynn 238,213 112,241 GBP16.2454 125,972 228,951 0.058%
------- ----------- ----------- ----------- ----------- ------------- -------------
The total number of shares exercised consists of 166,467 LTIP
performance awards granted on 31 March 2011 (the '2011 LTIP'),
114,562 LTIP performance awards granted on 4 January 2012 and 7,124
LTIP matching awards granted on 4 January 2012 (the LTIP awards
granted in January 2012 together being the '2012 LTIP').
The 2011 LTIP award was granted based on a share price of
GBP3.379. The LTIP award vested on 31 March 2014 at 100% of the
total award. This 100% vesting required easyJet's Return on Capital
Employed (ROCE) to achieve the target of 12% (if the award was the
equivalent of up to 100% salary) or 13% (if the award was the
equivalent of between 100% and 200% of salary). The ROCE targets
were based on ROCE (excluding operating lease adjustments) for the
financial year ending 30 September 2013. The Company achieved a
ROCE target of 23.0% in the 2013 financial year.
The 2012 LTIP award was granted based on a share price of
GBP3.928. The LTIP award vested on 4 January 2015 at 100% of the
total award. This 100% vesting required easyJet's Return on Capital
Employed (ROCE) to achieve the target of 12% (if the award was the
equivalent of up to 100% salary) or 13% (if the award was the
equivalent of between 100% and 200% of salary). The ROCE targets
were based on three year average ROCE (excluding operating lease
adjustments) performance for the years ended 30 September 2012, 30
September 2013 and 30 September 2014. The Company achieved an
average ROCE target of 22.0% for the three financial years ended 30
September 2014.
This notification is made pursuant to the requirements of the
Disclosure and Transparency Rule 3.1.2R and 3.1.4R. The Company
received notification of this transaction on 13 January 2015.
For further details, please contact:
Institutional investors and analysts
Will MacLaren, Investor
Relations 07961 763 879
Michael Barker 07985 890 939
Media:
Paul Moore, Corporate
Communications 07860 794 444
This information is provided by RNS
The company news service from the London Stock Exchange
END
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