easyJet PLC Director/PDMR Shareholding (7087F)

TIDMEZJ

RNS Number : 7087F

easyJet PLC

24 February 2015

easyJet plc ("the Company")

Director/PDMR shareholding

24 February 2015

The Company announces that on 23 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 the number of ordinary shares of 27 and 2/7 pence set out against his name below.

 
 Name      Number       Number     Sale       Total holding   % of total 
            of LTIP      of LTIP    price      following       voting rights 
            awards       shares                transaction     following 
            exercised    sold                                  transaction 
--------  -----------  ---------  ---------  --------------  --------------- 
 Paul 
  Moore      41,648      41,648    GBP18.01      17,973           0.005% 
--------  -----------  ---------  ---------  --------------  --------------- 
 

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 23 February 2015.

For further details, please contact:

Institutional investors and analysts

 
 Will MacLaren, Investor 
  Relations                 07961 763 879 
 Michael Barker             07985 890 939 
 

Media:

 
 Anna Knowles, Corporate 
  Communications            07985 873 313 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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