4th Aug 2016 16:54
Flybe Group plc (the "Company")
Notification of share awards
The Company announces that the Remuneration Committee has granted the following deferred share bonus awards to the Executive Directors in the form of ordinary shares in the Company. Vesting of the shares is deferred for one year from 20th July, 2016. The shares have been awarded through the Company's Employee Benefit Trust at an average award price of 38p. The awards comprise 45% of the Executive Directors' bonuses earned for 2015/2016 and are made pursuant to the Company's Remuneration Policy and in accordance with the recommendations set out in the Directors' Remuneration Report, approved at the Company's recent AGM. The awards are:
Director | Number of shares under award |
Saad Hammad, Chief Executive Officer Philip de Klerk, Chief Financial Officer | 614,173 270,405 |
When the awards vest, Mr Hammad's shareholding will increase to 901,695 shares and Mr de Klerk's to 390,655.
Enquiries:
Catherine Ledger
Company Secretary
Tel: 01392 268866
Related Shares:
Flybe Group