Jet2 PLC Grant of Options and Director/PDMR Shareholding (1616Y)
September 02 2022 - 10:11AM
UK Regulatory
TIDMJET2
RNS Number : 1616Y
Jet2 PLC
02 September 2022
2 September 2022
Jet2 plc
( the "Company")
Grant of Options under the Company's Sharesave Schemes
and Director/PDMR Shareholding
Jet2 plc, the Leisure Travel group, is pleased to announce that
under the Company's UK and International Sharesave Schemes, which
have been introduced to encourage wider employee share ownership of
the Company (the "Schemes"), options to subscribe for 5,424,608
ordinary shares of 1.25 pence each in the Company ("Options") have
been granted on 1 September 2022, with over 60% of eligible
colleagues joining the Schemes.
The Options have an exercise price, calculated in accordance
with the rules of the Schemes, of GBP7.66 per share. Subject to the
rules of the Schemes, participants will be able to exercise their
Options within six months commencing from 1 October 2025 subject to
the participant's continued employment.
Under the UK Sharesave Scheme, the following PDMRs of the
Company applied to participate in the Scheme and have been granted
Options in the amounts shown below:
Director Number of ordinary shares
over which Options have been
granted
Stephen Heapy, Chief Executive
Officer 2,349
-------------------------------
Gary Brown, Group Chief Financial
Officer 2,349
-------------------------------
The Company continues to operate all of its share plans within
the 10% in 10 years share plans dilution limit.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation (596/2014), provides
further details.
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 Stephen Paul 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 Option to acquire ordinary
instrument, type of instrument shares of 1.25p each
------------------------------------------ ----------------------------------
Identification code GB00B1722W11
------------------------------------------ ----------------------------------
b) Nature of the transaction Grant of an Option under the
Company's UK Sharesave Scheme
------------------------------------------ ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ----------------- ---------------
Nil 2,349
----------------------------------------------------------------- ---------------
d) Aggregated information N/A single transaction
------------------------------------------ ----------------------------------
Aggregated volume N/A single transaction
------------------------------------------ ---------------------------------------
Price N/A single transaction
------------------------------------------ ---------------------------------------
e) Date of the transaction 1 September 2022
------------------------------------------ ----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------ ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gary James 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 Option to acquire ordinary
instrument, type of instrument shares of 1.25p each
------------------------------------------ ----------------------------------
Identification code GB00B1722W11
------------------------------------------ ----------------------------------
b) Nature of the transaction Grant of an Option under the
Company's UK Sharesave Scheme
------------------------------------------ ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ----------------- ---------------
Nil 2,349
----------------------------------------------------------------- ---------------
d) Aggregated information N/A single transaction
------------------------------------------ ----------------------------------
Aggregated volume N/A single transaction
------------------------------------------ ---------------------------------------
Price N/A single transaction
------------------------------------------ ---------------------------------------
e) Date of the transaction 1 September 2022
------------------------------------------ ----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------ ----------------------------------
For further information please contact:
Jet2 plc
Philip Meeson, Executive Chairman
Ian Day, Group Company Secretary 0113 239 7817
Cenkos Securities plc
Nominated Adviser
Katy Birkin / Camilla Hume 020 7397 8900
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