Wizz Air Holdings
Plc
Wizz Air Omnibus Plan award
grants
Geneva, 20 November 2024 - Wizz
Air Holdings Plc ("Wizz
Air" or the "Company"), one of the most sustainable
European airlines, announces the granting and amendment of awards
under Omnibus Share Plan ("Omnibus
Plan") to a number of persons
discharging management responsibilities
("PDMRs").
1. Senior Leadership Growth Plan
Awards
On 18 November 2024, following
approval by the Company's remuneration committee from 5 November
2024, Wizz Air made the following amendment to one Senior
Leadership Growth Plan Award ("SLGP Award") granted on 30 May 2024 and
made a grant of options ("Options") under the SLGP Awards for
several PDMRs as per below:
· Increased the number of ordinary shares under the SLGP Award
granted on the 30 May 2024 to Ervin Banyai by 4,752 (which had been
incorrectly granted due to a clerical error), meaning the total
number of shares under award for the PDMR was 9,504.
· Granted over 21,384 ordinary shares in the capital of Wizz Air
of £0.0001 par value (identification code JE00BN574F90) to PDMRs as
set out below.
SLGP Awards were amended and granted
for the following PDMRs:
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Ervin Banyai
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Digital 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
|
9,504
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
9,504
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Diarmuid O'Conghaile
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Chief Operations Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
2,376
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
2,376
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mauro Jose Aguiar Peneda
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Managing Director Wizz Air Malta
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
4,752
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
4,752
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Piotr Trawka
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Network Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
4,752
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
4,752
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
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.
2. Long-Term Incentive Plan
Awards
On 18 November 2024, following
approval by the Company's Remuneration Committee from 5 November
2024, Wizz Air made a grant of options ("Options") under the Omnibus Plan
as Long-Term Incentive Plan awards ("LTIP Awards"), over 44,771
ordinary shares in the capital of Wizz Air of £0.0001 par value
(identification code JE00BN574F90) to PDMRs as set out
below.
The following PDMRs were granted
LTIP Awards:
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Diarmuid O'Conghaile
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Chief Operations Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
11,607
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
11,607
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mauro Jose Aguiar Peneda
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Managing Director Wizz Air Malta
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
16,582
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
16,582
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Piotr Trawka
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Network Officer
|
|
b)
|
Initial notification / amendment
|
Initial notification
|
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
|
16,582
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
16,582
NIL
|
|
f)
|
Date of the transaction
|
18 November 2024
|
|
g)
|
Place of the transaction
|
N/A
|
- 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:
|
communications@wizzair.com
|
|
|
James McFarlane / Eleni Menikou/
Charles Hirst, MHP Group:
|
+44 (0) 20 3128 8100
|