Wizz Air Holdings PLC Wizz Air Omnibus Plan Award Grants
September 05 2024 - 6:55AM
RNS Regulatory News
RNS Number : 1098D
Wizz Air Holdings PLC
05 September 2024
Wizz Air Holdings
Plc
Wizz Air Omnibus Plan Award
Grants
Geneva, 5 September 2024 - Wizz
Air Holdings Plc ("Wizz
Air" or the "Company"), one of the
most sustainable European airlines, announces the amendment
of awards under the Omnibus Share Plan ("Omnibus Plan") to a person
discharging management responsibilities ("PDMR").
On 30 July 2024, following approval
by the Company's remuneration committee, Wizz Air made the
following amendment to a SLGP Award granted on 21 September 2023
under the Omnibus Plan as Senior Leadership
Growth Plan awards:
- Reducing
the number of ordinary shares under SLGP Award of Silvia Mosquera
by 2,376 due to position change. The new total number of shares
under the award of the PDMR is 11,879.
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Silvia Mosquera
|
2.
|
Reason for the
notification
|
|
a)
|
Position /
status
|
Commercial
Officer
|
|
b)
|
Initial
notification / amendment
|
Amendment
|
3.
|
Details of the
issuer
|
|
a)
|
Name
|
Wizz Air
Holdings Plc
|
|
b)
|
Legal
entity identifier
|
213800COXGZCORLJZA85
|
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 instrument, type of instrument
|
Ordinary
shares of £0.0001 each
|
|
|
Identification code
|
JE00BN574F90
|
|
b)
|
Nature of
the transaction
|
Grant of
Performance Options
|
|
c)
|
Currency
|
British
Pounds
|
|
d)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
NIL
|
11,879
|
|
|
e)
|
Aggregated
information
· Aggregated volume
· Price
|
11,879
NIL
|
|
f)
|
Date of the
transaction
|
21
September 2023
|
|
g)
|
Date of the
amendment
|
30 July
2024
|
|
h)
|
Place of
the transaction
|
N/A
|
The SLGP Awards, which are one-off
awards, will be subject to the following performance
conditions:
100% of an SLGP Award will vest if
the Company's share price is £119.34 (the "Share Price Target") at the end of the
Performance Period[1]. The threshold for an SLGP Award to vest is a Company share
price of£77.24 under which 0% of the SLGP Award vests with straight
line vesting in between these two points. If prior to the end of
the Performance Period, the Share Price Target is met or exceeded
over any two consecutive quarters, based on the VWAP over that
period, then, subject to the Omnibus Plan rues, the SLGP Award will
vest in full on the normal vesting date.
If exercised, then the underlying
shares of the vested options will be issued at nil cost to the
option holders. No amounts have been paid by the relevant PDMRs for
the grant of these options.
- Ends
-
|
ABOUT WIZZ AIR
Wizz Air, one of the most
sustainable European airlines, operates a fleet of over 220 Airbus
A320 and A321 aircraft. A team of dedicated aviation professionals
delivers superior service and very low fares, making Wizz Air the
preferred choice of 62 million passengers in the financial year
ending 31 March 2024. Wizz Air is listed on the London Stock
Exchange under the ticker WIZZ. The company was recently named the
World's Top 5 Safest Low-Cost Airlines 2024 by airlineratings.com,
the world's only safety and product rating agency, and named
Airline of the Year by Air Transport Awards in 2019 and in 2023.
Wizz Air has also been recognised as the "Most Sustainable Low-Cost
Airline" within the World Finance Sustainability Awards in
2021-2023 and the "Global Environmental Sustainability Airline
Group of the Year" by the CAPA-Centre for Aviation Awards for
Excellence 2022-2023.
|
|
For
more information:
|
|
Investors:
|
Mark Simpson, Wizz Air
|
+36 1 777 9407
|
|
|
Dorottya Durucsko, Wizz
Air
|
|
|
|
|
|
|
Media:
|
Andras Rado, Wizz Air
James McFarlane / Eleni Menikou/
Charles Hirst, MHP Group:
|
+36 1 777 9324
+44 (0) 20 3128 8100
|
|
|
|
|
[1] "Performance
Period" means the seven consecutive financial years of which the
first is the financial year ending 31 March 2022.
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