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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Flybe Grp | LSE:FLYB | London | Ordinary Share | GB00B4QMVR10 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.964 | 0.964 | 0.99 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFLYB
RNS Number : 5729U
Flybe Group PLC
30 July 2015
Flybe Group plc
Notification of transactions by Directors/PDMRs
In accordance with Disclosure and Transparency Rule 3.1.4R(1), Flybe Group plc ("Company") announces that on 29 July 2015, awards over ordinary shares of 1p each in the capital of the Company were made under the terms of Flybe Performance Share Plan ("PSP") to directors and other persons discharging managerial responsibility as follows:
Director/PDMR Number of shares under award Saad Hammad 712,374 Philip de Klerk 477,653 Louca Farajallah 251,396 Matthew Bennett 145,418
The awards represent 1p par value options which, to the extent that the awards vest, provide for shares to be delivered to the individuals for 1p consideration per share.
In normal circumstances, the awards will not vest (and the shares will not be transferred to the individuals) before the following times:
o 50% of the vesting shares become available on 28 July 2018 (the third anniversary of the award date);
o 25% of the vesting shares become available on 28 July 2019 (the fourth anniversary of the award date); and
o 25% of the vesting shares become available on 28 July 2020 (the fifth anniversary of the award date)
The percentage of the shares that ultimately do vest (and are delivered to the individuals) is dependent on the satisfaction of performance criteria measured over a three-year performance period ending on 31 March 2018 (further details of which are set out on page 68 of the Company's 2014/15 Annual Report):
(a) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's reported adjusted EPS in FY 2017/18 (subject to such adjustments as the Committee considers appropriate); and
(b) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's total shareholder return over a period of 3 years until 31 March 2018 (as compared to a comparator group comprising the FTSE SmallCap excluding Investment Trusts).
Additionally, no part of an award will vest unless the Remuneration Committee is satisfied regarding underpin performance conditions relating to safety and progress in resolving outstanding legacy issues.
30 July 2015
Enquiries:
Flybe
Kevin Bodley Company Secretary
Tel: 01392 366669
This information is provided by RNS
The company news service from the London Stock Exchange
END
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