easyJet PLC Director/PDMR Shareholding (9698F)
February 26 2015 - 6:51AM
UK Regulatory
TIDMEZJ
RNS Number : 9698F
easyJet PLC
26 February 2015
easyJet plc ("the Company")
Director/PDMR shareholding
26 February 2015
The Company announces that on 25 February 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 below. The sale price per share for those
exercised LTIPs which were subsequently sold was GBP18.112.
Name Number Number Number Total holding % of total
of awards of shares of shares following voting
exercised(1) sold retained transaction rights
following
transaction
--------- -------------- ----------- ----------- -------------- -------------
Alita
Benson 110,899 52,254 58,645 62,178 0.016%
--------- -------------- ----------- ----------- -------------- -------------
Note 1: The awards exercised by Alita Benson consisted of 19,251
2011 LTIPs and 91,648 2012 LTIPs
The 2011 LTIP award grant on 31 March 2011 (the '2011 LTIP') was
based on a share price of GBP3.379. The 2011 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
targets of up to 13%. The targets were based on ROCE (excluding
operating lease adjustments) for the financial year ending 30
September 2013. The Company achieved ROCE of 23.0% in the 2013
financial year.
The 2012 LTIP award grant on 4 January 2012 (the '2012 LTIP')
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 26 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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