TIDMFLYB

RNS Number : 5503W

Flybe Group PLC

02 August 2018

Flybe Group plc

("Flybe", or the "Company")

In accordance with Disclosure and Transparency Rule 3.1.4R(1), Flybe Group plc ("Flybe" or the "Company") announces that on 1(st) August 2018, an award over ordinary shares of 1p each in the capital of the Company was made under the terms of Flybe Performance Share Plan ("PSP") to the following person discharging managerial responsibility:

 
 PDMR                               Number of shares under award 
 Sir Timothy Anderson, 
  Future Chief Operating Officer    914,262

The awards represent 1p nominal value options which, to the extent that the awards vest, provide for shares to be delivered to the individual 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 the third anniversary of the award date;

o 25% of the vesting shares become available on the fourth anniversary of the award date; and

o 25% of the vesting shares become available on the fifth anniversary of the award date.

The percentage of the shares that ultimately do vest is dependent on the satisfaction of performance criteria set out by the Remuneration Committee and measured over a three-year performance period ending on 31 March 2021. Further details regarding the PSP are set out on page 82 of the Company's 2017/18 Annual Report.

LEI Number: 5493005SC6523Y8KJF24

Enquiries:

Flybe

Catherine Ledger

Company Secretary

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END

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August 02, 2018 02:02 ET (06:02 GMT)

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