TIDMFLYB

RNS Number : 6481L

Flybe Group PLC

04 October 2016

Flybe Group Plc ("Flybe" or the "Company")

Share Scheme Awards

The Company has made awards to its employees pursuant to the share incentive scheme with the following grants to employees deemed to be Persons Discharging Management Responsibility. This gives the individuals detailed below the right to receive or acquire Ordinary Shares of 1p each in the capital of the Company ("Shares") as follows:

 
 PDMR               Position                     Number of Shares 
                                                  Awarded on 26(th) 
                                                  September 
-----------------  ---------------------------  ------------------- 
 Luke Farajallah    Chief Operations Officer     17,299 
-----------------  ---------------------------  ------------------- 
                    Chief Sales and Marketing 
 Amy Valcik          Officer                     13,828 
-----------------  ---------------------------  ------------------- 
 Vincent 
  Hodder            Chief Revenue Officer        13,828 
-----------------  ---------------------------  ------------------- 
 Catherine          General Counsel and 
  Ledger             Company Secretary           5,892 
-----------------  ---------------------------  -------------------

The number of Shares awarded was based upon a price of 51.42p. Vesting of the shares is deferred for three years from 30 September 2016.

Long term Incentive Awards

Separately, in accordance with Disclosure and Transparency Rule 3.1.4R(1), Flybe announces that on 30 September 2016, awards over ordinary shares were made under the terms of Flybe Performance Share Plan as follows:

 
 Director/          Position                     Number of Shares 
  PDMR                                            Awarded on 
                                                  30(th) September 
-----------------  ---------------------------  ------------------ 
 Saad Hammad        Chief Executive Officer      726,536 
-----------------  ---------------------------  ------------------ 
 Philip de 
  Klerk             Chief Financial Officer      487,206 
-----------------  ---------------------------  ------------------ 
 Luke Farajallah    Chief Operations Officer     279,217 
-----------------  ---------------------------  ------------------ 
                    Chief Sales and Marketing 
 Amy Valcik          Officer                     239,329 
-----------------  ---------------------------  ------------------ 
 Vincent Hodder     Chief Revenue Officer        239,329 
-----------------  ---------------------------  ------------------ 
 Catherine          General Counsel and 
  Ledger             Company Secretary           148,156 
-----------------  ---------------------------  ------------------ 
 Piers Robinson     Chief People Officer         145,251 
-----------------  ---------------------------  ------------------

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.

The percentage of the shares that ultimately do vest is dependent on the satisfaction of performance criteria measured over a three-year performance period ending on 31 March 2019. Further details regarding this, including the vesting schedule, is set out on page 76 of the Company's 2015/16 Annual Report.

Catherine Ledger

Company Secretary

Flybe Group plc

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUSUARNUARRAA

(END) Dow Jones Newswires

October 04, 2016 07:23 ET (11:23 GMT)

Flybe (LSE:FLYB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Flybe Charts.
Flybe (LSE:FLYB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Flybe Charts.