Jet2 PLC Grant of Options and Director/PDMR Shareholding (1616Y)

TIDMJET2

RNS Number : 1616Y

Jet2 PLC

02 September 2022

2 September 2022

Jet2 plc

( the "Company")

Grant of Options under the Company's Sharesave Schemes

and Director/PDMR Shareholding

Jet2 plc, the Leisure Travel group, is pleased to announce that under the Company's UK and International Sharesave Schemes, which have been introduced to encourage wider employee share ownership of the Company (the "Schemes"), options to subscribe for 5,424,608 ordinary shares of 1.25 pence each in the Company ("Options") have been granted on 1 September 2022, with over 60% of eligible colleagues joining the Schemes.

The Options have an exercise price, calculated in accordance with the rules of the Schemes, of GBP7.66 per share. Subject to the rules of the Schemes, participants will be able to exercise their Options within six months commencing from 1 October 2025 subject to the participant's continued employment.

Under the UK Sharesave Scheme, the following PDMRs of the Company applied to participate in the Scheme and have been granted Options in the amounts shown below:

 
 Director                                  Number of ordinary shares 
                                        over which Options have been 
                                                             granted 
 Stephen Heapy, Chief Executive 
  Officer                                                      2,349 
                                     ------------------------------- 
 Gary Brown, Group Chief Financial 
  Officer                                                      2,349 
                                     ------------------------------- 
 

The Company continues to operate all of its share plans within the 10% in 10 years share plans dilution limit.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation (596/2014), provides further details.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Stephen Paul Heapy 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             Chief Executive Officer 
      ------------------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment              Initial Notification 
      ------------------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                        Jet2 plc 
      ------------------------------------------  ---------------------------------- 
 b)    LEI                                         I72RQ3PNLDPW8R7JIJ56 
      ------------------------------------------  ---------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the financial                Option to acquire ordinary 
        instrument, type of instrument              shares of 1.25p each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB00B1722W11 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of an Option under the 
                                                    Company's UK Sharesave Scheme 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)         Volume(s) 
      ------------------------------------------  -----------------  --------------- 
                                 Nil                                      2,349 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     1 September 2022 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    Outside a trading venue 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Gary James Brown 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             Group Chief Financial Officer 
      ------------------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment              Initial Notification 
      ------------------------------------------  ---------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                        Jet2 plc 
      ------------------------------------------  ---------------------------------- 
 b)    LEI                                         I72RQ3PNLDPW8R7JIJ56 
      ------------------------------------------  ---------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the financial                Option to acquire ordinary 
        instrument, type of instrument              shares of 1.25p each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB00B1722W11 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of an Option under the 
                                                    Company's UK Sharesave Scheme 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)         Volume(s) 
      ------------------------------------------  -----------------  --------------- 
                                 Nil                                      2,349 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     1 September 2022 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    Outside a trading venue 
      ------------------------------------------  ---------------------------------- 
 

For further information please contact:

 
 Jet2 plc 
  Philip Meeson, Executive Chairman 
  Ian Day, Group Company Secretary     0113 239 7817 
 Cenkos Securities plc 
  Nominated Adviser 
  Katy Birkin / Camilla Hume           020 7397 8900 
 

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September 02, 2022 10:11 ET (14:11 GMT)