6th Jul 2010 14:57
easyJet plc
Director/PDMRs shareholdings
6 July 2010
easyJet plc announces that on 5 July 2010, the following Directors were awarded the following shares under the easyJet Long Term Incentive Plan ('LTIP'):
|
|
Award 1 |
Award 2 |
Total Award |
|
Carolyn McCall |
167,548 |
167,548 |
335,096 |
|
Chris Kennedy |
100,781 |
100,781 |
201,562 |
These are subject to the performance conditions shown below (which are identical to the performance conditions set for the LTIP awards granted on16 December 2009).
Award 1
These awards will vest on the 3rd anniversary of the grant subject to the satisfaction of Return on Equity targets measured by reference to the following:
|
|
Threshold (25% vests) |
Target (50% vests) |
Maximum (100% vests) |
|
Return on Equity Year ending 30 September 2012
|
9% |
12% |
15% |
Award 2
These awards will vest on the 3rd anniversary of the grant subject to the satisfaction of Return on Equity targets measured by reference to the following:
|
|
Threshold (25% vests) |
Target (50% vests) |
Maximum (100% vests) |
|
Return on Equity Year ending 30 September 2012
|
11% |
13% |
15% |
For further details, please contact
Oliver Aust, Corporate Communications 01582 525973
Rachel Kentleton, Investor Relations 01582 525258
Related Shares:
easyJet