Grant of Options and Director/PDMR Shareholding

Source: RNS
RNS Number : 8970X
Jet2 PLC
25 July 2024
 

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:

 

Jet2 plc

Gary Brown, Group Chief Financial Officer

Ian Day, Group Company Secretary

Cavendish Capital Markets Limited

Nominated Adviser

Katy Birkin  

Camilla Hume

George Lawson

Buchanan

Financial PR

Richard Oldworth

Toto Berger

Tel:             020 7466 5000

 


NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steve Heapy

2

Reason for the notification

a)

Position/status

Chief Executive 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.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£ 0.0125

136,000

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

Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steve Heapy

2

Reason for the notification

a)

Position/status

Chief Executive 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

64,309

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

 

 

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

Shares pursuant to the vesting of an award granted under the Company's Share Reward Plan.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.0125

105,000

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

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

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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