EZJ Easyjet Plc

TIDMEZJ

RNS Number : 4919F

easyJet PLC

20 February 2015

easyJet plc ("the Company")

Director/PDMR shareholding

20 February 2015

The Company announces that on 19 February 2015, the PDMR set out below exercised his award granted on 4 January 2012 under the easyJet Long Term Incentive Plan ('LTIP') and subsequently sold and retained the number of ordinary shares of 27 and 2/7 pence set out against his name below.

 
 Name      Number       Number     Number      Sale        Total          % of total 
            of LTIP      of LTIP    of LTIP     price       holding        voting 
            awards       shares     shares                  following      rights 
            exercised    sold       retained                transaction    following 
                                                                           transaction 
--------  -----------  ---------  ----------  ----------  -------------  ------------- 
 Peter 
  Duffy      57,281      26,990     30,291     GBP17.766      46,312         0.012% 
--------  -----------  ---------  ----------  ----------  -------------  ------------- 
 

The LTIP award grant on 4 January 2012 was 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 ROCE to achieve targets of up to 13%. The 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 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 Rules 3.1.2R and 3.1.4R. The Company received notification of the transaction on 19 February 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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