TIDMEZJ

RNS Number : 5559S

easyJet PLC

22 December 2016

easyJet plc ("the Company")

Director/PDMR shareholding

The Company announces that on 19 December 2016, the following Executive Directors and PDMRs, as set out against their names in the tables below, were granted nil cost option awards over 27 2/7 p ordinary shares in the capital of the Company under the Company's Long Term Incentive Plan (LTIP) and Deferred Annual Bonus Plan (DABP), as applicable.

 
 TABLE 1 - AWARD OF LTIP PERFORMANCE SHARES AWARDS 
----------------------------------------------------- 
         Name               Number of Shares under 
                            LTIP Performance Shares 
                                    Awards 
----------------------  ----------------------------- 
    Carolyn McCall                 169,127 
----------------------  ----------------------------- 
    Andrew Findlay                  88,686 
----------------------  ----------------------------- 
   Chris Brocklesby                 48,954 
----------------------  ----------------------------- 
     Chris Browne                   57,526 
----------------------  ----------------------------- 
      Peter Duffy                   48,897 
----------------------  ----------------------------- 
    Catherine Lynn                  40,671 
----------------------  ----------------------------- 
      Paul Moore                    31,581 
----------------------  ----------------------------- 
     Kyla Mullins                   43,144 
----------------------  ----------------------------- 
    Jacky Simmonds                  44,582 
----------------------  ----------------------------- 
 

The LTIP Performance Shares Awards will vest and become exercisable on the third anniversary of their grant date subject to the grantee's continued employment and to the extent to which the average Return of Capital Employed (ROCE) and relative total shareholder return (TSR) performance conditions set for the LTIP Performance Shares Awards are met, summary details of which are shown below:

 
 ROCE (70% 
  of total 
   award)         Below 9%             9%             11.2%          13% or more 
-----------  -----------------  ---------------  ---------------  ---------------- 
        Below Threshold            Threshold        On-target          Maximum 
          (0% vesting)            (25% vesting)    (50% vesting)    (100% vesting) 
 -----------------------------  ---------------  ---------------  ---------------- 
 
 
 Ranking of easyJet's      < Median           Median       Upper quartile 
   TSR (30% of total 
        award) 
---------------------  ----------------  ---------------  ---------------- 
                        Below Threshold     Threshold          Maximum 
                          (0% vesting)     (25% vesting)    (100% vesting) 
---------------------  ----------------  ---------------  ---------------- 
 

Awards vest on a straight-line basis between these points.

The LTIP ROCE targets set out above are based on average headline ROCE over the three year performance period (being three years from 1 October 2016). The performance measures for the headline ROCE targets will be based on headline profit. For the avoidance of doubt, headline profit is also used in the performance measures for the bonus targets for the year ended 30 September 2017.

The TSR targets are based on relative TSR compared to companies ranked FTSE 51 to 150 at the start of the performance period, where the average share price is calculated over three months at the start and end of the period. In addition, in order for the TSR-based awards to vest, easyJet must have achieved positive absolute TSR performance over the performance period.

 
 
   TABLE 2 - AWARD OF RESTRICTED SHARES AWARDS 
------------------------------------------------- 
        Name             Number of Shares under 
                        Restricted Shares Awards 
--------------------  --------------------------- 
  Chris Brocklesby               16,318 
--------------------  --------------------------- 
     Peter Duffy                 16,299 
--------------------  --------------------------- 
     Paul Moore                  5,263 
--------------------  --------------------------- 
    Kyla Mullins                 14,381 
--------------------  --------------------------- 
 

The Restricted Share Awards have been granted this year under the Company's LTIP Rules to certain individuals excluding the Executive Directors. The awards will ordinarily vest and become exercisable on the second anniversary of their grant date subject to the grantee's continued employment and a performance requirement of satisfactory personal performance.

 
 TABLE 3 - AWARD OF DEFERRED ANNUAL BONUS PLAN 
  AWARDS 
------------------------------------------------- 
         Name            Number of Shares under 
                               DABP Awards 
---------------------  -------------------------- 
    Carolyn McCall                6,040 
---------------------  -------------------------- 
    Andrew Findlay                4,985 
---------------------  -------------------------- 
   Chris Brocklesby               2,311 
---------------------  -------------------------- 
     Peter Duffy                  1,920 
---------------------  -------------------------- 
    Catherine Lynn                1,582 
---------------------  -------------------------- 
      Paul Moore                  1,476 
---------------------  -------------------------- 
     Kyla Mullins                 1,714 
---------------------  -------------------------- 
    Jacky Simmonds                1,574 
---------------------  -------------------------- 
 

The Deferred Annual Bonus Plan Awards relate to a required deferral of a portion of annual bonus and shall ordinarily vest and become exercisable on the third anniversary of their grant date subject to the grantee's continued employment.

Further details relating to the operation of the LTIP and DABP can be found within the 2016 Annual report and accounts which are available on the Company's website.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP and DABP.

For further details, please contact:

 
 Stuart Morgan, Investor 
  Relations                  +44 (0) 7989 665 484 
 Michael Barker, Investor 
  Relations                  +44 (0) 7985 890 939 
 Paul Moore, Corporate 
  Communications             +44 (0) 7860 794 444 
 Ed Simpkins, Finsbury       +44 (0) 7947 740 551 
                             +44 (0) 207 251 3801 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                    Carolyn McCall 
---  ----------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status         Chief Executive Officer 
---  ----------------------  --------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------- 
 b)   Nature of                   1. Grant of LTIP Performance 
       the transaction             Shares Award. The Award is structured 
                                   as a nil cost option which shall 
                                   ordinarily vest and become exercisable 
                                   from the third anniversary of 
                                   its grant date subject to continued 
                                   service and to the extent to 
                                   which the performance conditions 
                                   set for the Award are satisfied. 
                                   2. Grant of DABP Shares Award. 
                                   The Award is structured as a 
                                   nil cost option which shall ordinarily 
                                   vest and become exercisable from 
                                   the third anniversary of its 
                                   grant date subject to continued 
                                   service. 
---  ----------------------  --------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         169,127 
                                   Awards             Nil         6,040 
                                  DABP Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------- 
 d)   Aggregated               Aggregated volume: 175,167 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                    Andrew Findlay 
---  ----------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status         Chief Financial Officer 
---  ----------------------  --------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------- 
 b)   Nature of                   1. Grant of LTIP Performance 
       the transaction             Shares Award. The Award is structured 
                                   as a nil cost option which shall 
                                   ordinarily vest and become exercisable 
                                   from the third anniversary of 
                                   its grant date subject to continued 
                                   service and to the extent to 
                                   which the performance conditions 
                                   set for the Award are satisfied. 
 
                                   2. Grant of DABP Shares Award. 
                                   The Award is structured as a 
                                   nil cost option which shall ordinarily 
                                   vest and become exercisable from 
                                   the third anniversary of its 
                                   grant date subject to continued 
                                   service. 
---  ----------------------  --------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         88,686 
                                   Awards             Nil         4,985 
                                  DABP Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------- 
 d)   Aggregated               Aggregated volume: 93,671 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name                    Chris Brocklesby 
---  ----------------------  --------------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status         Chief Information Officer 
---  ----------------------  --------------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------------- 
 b)   Nature of                          1. Grant of LTIP Performance 
       the transaction                    Shares Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the third anniversary of 
                                          its grant date subject to continued 
                                          service and to the extent to 
                                          which the performance conditions 
                                          set for the Award are satisfied. 
 
                                          2. Grant of DABP Shares Award. 
                                          The Award is structured as a 
                                          nil cost option which shall ordinarily 
                                          vest and become exercisable from 
                                          the third anniversary of its 
                                          grant date subject to continued 
                                          service. 
                                          3. Grant of Restricted Shares 
                                          Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the second anniversary of 
                                          its grant date subject to continued 
                                          service and a performance requirement 
                                          of satisfactory personal performance. 
---  ----------------------  --------------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         48,954 
                                   Awards             Nil         2,311 
                                  DABP Awards         Nil         16,318 
                                  Restricted 
                                   Share Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------------- 
 d)   Aggregated               Aggregated volume: 67,583 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                    Chris Browne 
---  ----------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status         Chief Operating Officer 
---  ----------------------  --------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------- 
 b)   Nature of               Grant of LTIP Performance Shares 
       the transaction         Award. The Award is structured 
                               as a nil cost option which shall 
                               ordinarily vest and become exercisable 
                               from the third anniversary of 
                               its grant date subject to continued 
                               service and to the extent to 
                               which the performance conditions 
                               set for the Award are satisfied. 
---  ----------------------  --------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance 
                                  Awards             Nil         57,526 
                                ------------------  ----------  ---------- 
---  ----------------------  --------------------------------------------- 
 d)   Aggregated               Aggregated volume: 57,526 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name                    Peter Duffy 
---  ----------------------  --------------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status         Chief Commercial Officer 
---  ----------------------  --------------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------------- 
 b)   Nature of                          1. Grant of LTIP Performance 
       the transaction                    Shares Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the third anniversary of 
                                          its grant date subject to continued 
                                          service and to the extent to 
                                          which the performance conditions 
                                          set for the Award are satisfied. 
 
                                          2. Grant of DABP Shares Award. 
                                          The Award is structured as a 
                                          nil cost option which shall ordinarily 
                                          vest and become exercisable from 
                                          the third anniversary of its 
                                          grant date subject to continued 
                                          service. 
                                          3. Grant of Restricted Shares 
                                          Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the second anniversary of 
                                          its grant date subject to continued 
                                          service and a performance requirement 
                                          of satisfactory personal performance. 
---  ----------------------  --------------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         48,897 
                                   Awards             Nil         1,920 
                                  DABP Awards         Nil         16,299 
                                  Restricted 
                                   Share Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------------- 
 d)   Aggregated               Aggregated volume: 67,116 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                    Cath Lynn 
---  ----------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status         Group Director of Strategy and 
                               Network 
---  ----------------------  --------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------- 
 b)   Nature of                   1. Grant of LTIP Performance 
       the transaction             Shares Award. The Award is structured 
                                   as a nil cost option which shall 
                                   ordinarily vest and become exercisable 
                                   from the third anniversary of 
                                   its grant date subject to continued 
                                   service and to the extent to 
                                   which the performance conditions 
                                   set for the Award are satisfied. 
 
                                   2. Grant of DABP Shares Award. 
                                   The Award is structured as a 
                                   nil cost option which shall ordinarily 
                                   vest and become exercisable from 
                                   the third anniversary of its 
                                   grant date subject to continued 
                                   service. 
---  ----------------------  --------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         40,671 
                                   Awards             Nil         1,582 
                                  DABP Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------- 
 d)   Aggregated               Aggregated volume: 42,253 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name                    Paul Moore 
---  ----------------------  --------------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status         Communications Director 
---  ----------------------  --------------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------------- 
 b)   Nature of                          1. Grant of LTIP Performance 
       the transaction                    Shares Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the third anniversary of 
                                          its grant date subject to continued 
                                          service and to the extent to 
                                          which the performance conditions 
                                          set for the Award are satisfied. 
 
                                          2. Grant of DABP Shares Award. 
                                          The Award is structured as a 
                                          nil cost option which shall ordinarily 
                                          vest and become exercisable from 
                                          the third anniversary of its 
                                          grant date subject to continued 
                                          service. 
                                          3. Grant of Restricted Shares 
                                          Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the second anniversary of 
                                          its grant date subject to continued 
                                          service and a performance requirement 
                                          of satisfactory personal performance. 
---  ----------------------  --------------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         31,581 
                                   Awards             Nil         1,476 
                                  DABP Awards         Nil         5,263 
                                  Restricted 
                                   Share Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------------- 
 d)   Aggregated               Aggregated volume: 38,320 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------------- 
 a)   Name                    Kyla Mullins 
---  ----------------------  --------------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------------- 
 a)   Position/status         Company Secretary & Group General 
                               Counsel 
---  ----------------------  --------------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------------- 
 b)   Nature of                          1. Grant of LTIP Performance 
       the transaction                    Shares Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the third anniversary of 
                                          its grant date subject to continued 
                                          service and to the extent to 
                                          which the performance conditions 
                                          set for the Award are satisfied. 
 
                                          2. Grant of DABP Shares Award. 
                                          The Award is structured as a 
                                          nil cost option which shall ordinarily 
                                          vest and become exercisable from 
                                          the third anniversary of its 
                                          grant date subject to continued 
                                          service. 
                                          3. Grant of Restricted Shares 
                                          Award. The Award is structured 
                                          as a nil cost option which shall 
                                          ordinarily vest and become exercisable 
                                          from the second anniversary of 
                                          its grant date subject to continued 
                                          service and a performance requirement 
                                          of satisfactory personal performance. 
---  ----------------------  --------------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         43,144 
                                   Awards             Nil         1,714 
                                  DABP Awards         Nil         14,381 
                                  Restricted 
                                   Share Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------------- 
 d)   Aggregated               Aggregated volume: 59,239 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/ person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                    Jacky Simmonds 
---  ----------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status         Group People Director 
---  ----------------------  --------------------------------------------- 
 b)   Initial notification/   This is an 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             Ordinary share of 27 2/7p 
       of the financial        ISIN: GB00B7KR2P84 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ----------------------  --------------------------------------------- 
 b)   Nature of                   1. Grant of LTIP Performance 
       the transaction             Shares Award. The Award is structured 
                                   as a nil cost option which shall 
                                   ordinarily vest and become exercisable 
                                   from the third anniversary of 
                                   its grant date subject to continued 
                                   service and to the extent to 
                                   which the performance conditions 
                                   set for the Award are satisfied. 
 
                                   2. Grant of DABP Shares Award. 
                                   The Award is structured as a 
                                   nil cost option which shall ordinarily 
                                   vest and become exercisable from 
                                   the third anniversary of its 
                                   grant date subject to continued 
                                   service. 
---  ----------------------  --------------------------------------------- 
 c)   Price(s) and                                  Price(s)    Volume(s) 
       volume(s)                ------------------  ----------  ---------- 
                                 LTIP Performance    Nil         44,582 
                                   Awards             Nil         1,574 
                                  DABP Awards 
                                ------------------------------  ---------- 
---  ----------------------  --------------------------------------------- 
 d)   Aggregated               Aggregated volume: 46,156 
       information              GBP Nil 
       Aggregated 
       volume 
       Price 
---  ----------------------  --------------------------------------------- 
 e)   Date of the             2016-12-19 
       transaction 
---  ----------------------  --------------------------------------------- 
 f)   Place of the            Outside a trading venue 
       transaction 
---  ----------------------  --------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 22, 2016 02:00 ET (07:00 GMT)

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