Wizz Air Omnibus Plan award grants
Source: RNS
Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 12 July 2022 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), the fastest-growing European airline, announces the granting of awards under omnibus share plan ("Omnibus Plan"), to a number of persons discharging management responsibilities ("PDMRs").
On 8 July 2022, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan, in relation to senior leadership growth plan ("SLGP"), over 65,052 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("SLGP Awards") to PDMRs as set out below.
The following PDMRs were granted SLGP Awards of Performance Options
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Roland Tischner |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Officer Wizz Air Hungary Operations |
|||
|
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 |
21,684 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
21,684 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Yvonne Moynihan |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Corporate 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 |
21,684 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
21,684 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Alexandra Avadanei |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Revenue 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 |
21,684 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
21,684 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
The SLGP Awards, which are on-off awards, will be subject to the following performance conditions:
(a) 100% of an award will vest subject to 20% CAGR in the Company's share price over a five-year period. The threshold growth level is 15% CAGR for which 0% of the award vests with straight line vesting in between these two points. Base period for calculation is VWAP over 1H CY 2021 - tested against share price at end of period VWAP 1H CY 2026; and
|
All vested options must be exercised within ten years of the date of grant. 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. |
On 8 July 2022, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan, in relation to long-term incentive plan ("LTIP"), over 231,558 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("LTIP Awards") to PDMRs as set out below.
The following PDMRs were granted LTIP Awards of Performance Options:
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Robert Carey |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
President |
|||
|
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 |
26, 165 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
26, 165 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Jourik Hooghe |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Executive Vice President & Group Chief Financial 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 |
26,165 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
26,165 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Michael Delehant |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Executive Vice President & Group 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 |
26, 165 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
26, 165 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Roland Tibor Tischner |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Officer Wizz Air Hungary Operations |
|||
|
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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Marion Geoffroy |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Managing Director Wizz Air UK |
|||
|
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 |
17, 007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17, 007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Heiko Holm |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Officer Wizz Air Central Operations |
|||
|
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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Johan Eidhagen |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
People and ESG 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Joel Goldberg |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Digital 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Yvonne Moynihan |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Corporate 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Owain Jones |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Development 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Zsuzsa Poós |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Customer and Marketing 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
Alexandra Avadanei |
|||
2. |
Reason for the notification |
||||
|
a) |
Position / status |
Revenue 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 |
17,007 |
|
||
|
e) |
Aggregated information · Aggregated volume · Price |
17,007 NIL |
|||
|
f) |
Date of the transaction |
8 July 2022 |
|||
|
g) |
Place of the transaction |
N/A |
|||
For the LTIP Awards, other than SLGP Awards, the performance share awards will be subject to conditions set out below:
(i) 90% of an award will vest subject to 15% CAGR in the Company's share price over the next three-year period. The threshold growth level is 7.5% CAGR for which 25% of the award vests with straight line vesting in between these two points. Base period for calculation is VWAP over 1H CY 2022 - tested against share price at end of period VWAP 1H CY 2025; and
(ii) 10% of an award will vest based on the achievement of ESG targets, the criteria for which will be people and environment both weighted at 5%. If the minimum threshold CAGR of 7.5% is not achieved no ESG portion will vest.
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All vested options must be exercised within ten years of the date of grant. 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. |
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ABOUT WIZZ AIR
Wizz Air, the fastest growing European low-cost airline, operates a fleet of 142 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 10.2 million passengers in the financial year F21 ending 31 March 2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.
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For more information: |
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Investors: |
Zlatko Custovic, Wizz Air |
+36 1 777 9407 |
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Media: |
Natasha Seager Smith, Wizz Air: |
+36 1 777 8475 |
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Edward Bridges / Jonathan Neilan, FTI Consulting LLP: |
+44 20 3727 1017 |
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