easyJet PLC Director/PDMR Shareholding (9698F)

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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

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