easyJet PLC Director/PDMR Shareholding (7345Q)
June 19 2015 - 9:56AM
UK Regulatory
TIDMEZJ
RNS Number : 7345Q
easyJet PLC
19 June 2015
easyJet plc ("the Company")
Director/PDMR shareholding
19 June 2015
The Company announces that on 19 June 2015, the following PDMRs
who recently joined the Company were awarded shares under the
Company's Long Term Incentive Plan (LTIP), as set out against their
names in the tables below.
The share price at the time of each of the grants was
GBP15.58.
Name LTIP Performance Shares
------------------ ------------------------
Chris Brocklesby 27,037
------------------ ------------------------
Kyla Mullins 20,057
------------------ ------------------------
The LTIP Performance Shares Awards will vest in three years'
time, free of charge, on 19 June 2018, subject to continued
employment and the performance conditions shown below:
ROCE (50%
of total 20.0% or
award) Below 15.0% 15.0% 18.2% more
----------- ----------------- --------------- --------------- ----------------
Below Threshold Threshold On-target Maximum
(0% vesting) (25% vesting) (40% vesting) (100% vesting)
----------------------------- --------------- --------------- ----------------
Ranking of easyJet's < median median upper quartile
TSR (50% of total
award)
--------------------- ---------------- --------------- ----------------
Below Threshold Threshold Maximum
(0% vesting) (25% vesting) (100% vesting)
--------------------- ---------------- --------------- ----------------
Awards vest on a straight-line basis between these points.
The Return on Capital Employed (ROCE) targets are based on
average ROCE (including operating lease adjustments) over the three
year performance period (being three years from 1 October
2014).
The Total Shareholder Return (TSR) targets are based on relative
TSR compared to companies ranked FTSE 31 to 130 at the date of
grant, where the average share price is calculated over three
months at the start and end of the period. In addition, in order
for the TSR-based awards to vest, easyJet must have achieved
positive absolute TSR performance over the performance period.
This notification is made pursuant to the requirements of the
Disclosure and Transparency Rule 3.1.4R.
For further details, please contact:
Will MacLaren, Investor
relations +44 (0) 7961 763 879
Anna Knowles, Corporate
communications +44 (0) 7985 873 313
This information is provided by RNS
The company news service from the London Stock Exchange
END
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