Flybe Group PLC Notification of share awards (3187G)

TIDMFLYB

RNS Number : 3187G

Flybe Group PLC

04 August 2016

Flybe Group plc (the "Company")

Notification of share awards

The Company announces that the Remuneration Committee has granted the following deferred share bonus awards to the Executive Directors in the form of ordinary shares in the Company. Vesting of the shares is deferred for one year from 20th July, 2016. The shares have been awarded through the Company's Employee Benefit Trust at an average award price of 38p. The awards comprise 45% of the Executive Directors' bonuses earned for 2015/2016 and are made pursuant to the Company's Remuneration Policy and in accordance with the recommendations set out in the Directors' Remuneration Report, approved at the Company's recent AGM. The awards are:

 
 Director                        Number of shares under 
                                  award 
 Saad Hammad, Chief Executive 
  Officer                        614,173 
  Philip de Klerk, Chief 
   Financial Officer              270,405 
 

When the awards vest, Mr Hammad's shareholding will increase to 901,695 shares and Mr de Klerk's to 390,655.

Enquiries:

Catherine Ledger

Company Secretary

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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August 04, 2016 11:54 ET (15:54 GMT)