22nd Jan 2009 08:00
easyJet plc
Director/PDMRs shareholdings
22 January 2009
easyJet plc announces that the following directors and PDMRs have been awarded Performance Shares under the easyJet Long Term Incentive Plan ('LTIP'):
|
Award 1 |
Award 2 |
Total Award |
|
|
Andrew Harrison |
205,039 |
153,779 |
358,818 |
|
Jeff Carr |
125,108 |
93,831 |
218,939 |
|
Mike Campbell |
74,717 |
56,038 |
130,755 |
|
Toby Nicol |
50,390 |
37,793 |
88,183 |
|
Tim Newing |
57,341 |
43,006 |
100,347 |
|
Cor Vrieswijk |
95,569 |
71,676 |
167,245 |
These are subject to the performance conditions shown below:
Award 1
These awards will vest in three years subject to the satisfaction of Return on Equity targets measured by reference to a three year performance period as follows:
|
Threshold (25% vests) |
Target (50% vests) |
Maximum (100% vests) |
|
|
Return on Equity Year ending 30 September 2011 |
7% |
10% |
13% |
Award 2
These awards will vest in three years subject to the satisfaction of a minimum Return on Equity of 10% in the financial year ending 30 September 2011 and the company's short term operational and financial performance based on 2009 annual bonus targets.
End
For further details, please contact
Toby Nicol, Corporate Communications + 44( 0) 1582 525 339
Rachel Kentleton, Investor Relations + 44 (0) 7961 754 468
Related Shares:
easyJet