Grant of Options and Director/PDMR Shareholding
Source: RNS
25 July 2024
Jet2 plc
(the "Company")
Grant of Options and Director/PDMR Shareholding
Jet2 plc, the Leisure Travel group, announces that on 24 July 2024, Steve Heapy, Chief Executive Officer and Gary Brown, Group Chief Financial Officer, received 136,000 and 105,000 ordinary shares of 1.25p each in the Company ("Ordinary Shares") pursuant to the vesting of an award granted under the Company's Share Reward Plan.
In order to fund the income tax, National Insurance liabilities, option price, broker and administrative fees arising on the shares received, Steve Heapy and Gary Brown subsequently sold 64,309 and 49,650 Ordinary Shares at £13.51 per share and retained the balance of 71,691 and 55,350 Ordinary Shares, respectively.
Following these transactions, Steve Heapy beneficially holds a total of 459,795 Ordinary Shares, representing approximately 0.21% of the Company's issued share capital, and Gary Brown beneficially holds a total of 238,122 Ordinary Shares, representing approximately 0.11% of the Company's issued share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.
For further information, please contact:
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Jet2 plc Gary Brown, Group Chief Financial Officer Ian Day, Group Company Secretary |
Tel: 0113 239 7692 |
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Cavendish Capital Markets Limited Nominated Adviser Katy Birkin Camilla Hume George Lawson |
Tel: 020 7220 0500 |
|
Buchanan Financial PR Richard Oldworth Toto Berger |
Tel: 020 7466 5000 |
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Steve Heapy |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Jet2 plc |
|
|
b) |
LEI |
I72RQ3PNLDPW8R7JIJ56 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 1.25p each |
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|
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Identification code |
GB00B1722W11 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares received pursuant to the vesting of an award granted under the Company's Share Reward Plan to fund the income tax, National Insurance liabilities, option price, broker and administrative fees. |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£13.5162 |
64,309 |
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d) |
Aggregated information |
N/A single transaction |
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Aggregated volume |
N/A single transaction |
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|
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Price |
N/A single transaction |
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e) |
Date of the transaction |
24 July 2024 |
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f) |
Place of the transaction |
XOFF |
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|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Gary Brown |
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|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Group Chief Financial Officer |
|
|
b) |
Initial notification/Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Jet2 plc |
|
|
b) |
LEI |
I72RQ3PNLDPW8R7JIJ56 |
|
|
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 1.25p each |
|
|
|
Identification code |
GB00B1722W11 |
|
|
b) |
Nature of the transaction |
Shares pursuant to the vesting of an award granted under the Company's Share Reward Plan. |
|
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
£0.0125 |
105,000 |
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d) |
Aggregated information |
N/A single transaction |
|
|
|
Aggregated volume |
N/A single transaction |
|
|
|
Price |
N/A single transaction |
|
|
e) |
Date of the transaction |
24 July 2024 |
|
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f) |
Place of the transaction |
Outside of a trading venue |
|
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Gary Brown |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Group Chief Financial Officer |
|
|
b) |
Initial notification/Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Jet2 plc |
|
|
b) |
LEI |
I72RQ3PNLDPW8R7JIJ56 |
|
|
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 1.25p each |
|
|
|
Identification code |
GB00B1722W11 |
|
|
b) |
Nature of the transaction |
Sale of Ordinary Shares received pursuant to the vesting of an award granted under the Company's Share Reward Plan to fund the income tax, National Insurance liabilities, option price, broker and administrative fees |
|
|
c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
|
£13.5162 |
49,650 |
||
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d) |
Aggregated information |
N/A single transaction |
|
|
|
Aggregated volume |
N/A single transaction |
|
|
|
Price |
N/A single transaction |
|
|
e) |
Date of the transaction |
24 July 2024 |
|
|
f) |
Place of the transaction |
XOFF |
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