Wizz Air Holdings PLC Long Term Incentive Plan Award Grants (5134P)
10 Junio 2020 - 2:17AM
UK Regulatory
TIDMWIZZ
RNS Number : 5134P
Wizz Air Holdings PLC
10 June 2020
Wizz Air Holdings Plc
Wizz Air Long Term Incentive Plan ("LTIP") award grants
Geneva, 10 June 2020 - Wizz Air Holdings Plc ("Wizz Air" or the
"Company"), the largest low-cost airline in Central and Eastern
Europe, announces the granting of awards under its LTIP, to a
number of persons discharging management responsibilities
("PDMRs").
On 4 June 2020, following approval by the Company's Remuneration
Committee, Wizz Air made a grant of options under the LTIP over
198,079 ordinary shares in the capital of Wizz Air of GBP0.0001 par
value (identification code JE00BN574F90) ("Awards") to PDMRs as set
out below.
The following PDMRs were granted Awards of Performance
Options:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name József Váradi
------------------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 42,562
----------------------------------------------------------------------- -----------------
e) Aggregated information 42,562
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Diederik Pen
------------------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Executive Vice President & Group
Chief Operations Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 25,184
----------------------------------------------------------------------- -----------------
e) Aggregated information 25,184
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 Chief People Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 14,672
----------------------------------------------------------------------- -----------------
e) Aggregated information 14,672
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 Managing Director WUK
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 12,227
----------------------------------------------------------------------- -----------------
e) Aggregated information 12,227
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name George Michalopoulos
------------------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Commercial Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 17,117
----------------------------------------------------------------------- -----------------
e) Aggregated information 17,117
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 Chief Corporate Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
Identification code JE00BN574F90
------------------------------------- ----------------------------------------
b) Nature of the transaction Grant of Performance Shares
------------------------------------- ----------------------------------------
c) Currency British Pounds
------------------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ------------------ -----------------
NIL 14,672
----------------------------------------------------------------------- -----------------
e) Aggregated information 14,672
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 Chief Operations Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
Identification code JE00BN574F90
------------------------------------- ----------------------------------------
b) Nature of the transaction Grant of Performance Shares
------------------------------------- ----------------------------------------
c) Currency British Pounds
------------------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ------------------ -----------------
NIL 17,117
----------------------------------------------------------------------- -----------------
e) Aggregated information 17,117
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 EVP & Chief Financial Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
Identification code JE00BN574F90
------------------------------------- ----------------------------------------
b) Nature of the transaction Grant of Performance Shares
------------------------------------- ----------------------------------------
c) Currency British Pounds
------------------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ------------------ -----------------
NIL 25,184
----------------------------------------------------------------------- -----------------
e) Aggregated information 25,184
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
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 Chief Digital Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 14,672
------------------------------------------------------------- -----------------
e) Aggregated information 14,672
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name András Seb k
------------------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Supply Chain Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
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 Ordinary shares of GBP0.0001 each
financial instrument,
type of instrument
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 14,672
------------------------------------------------------------- -----------------
e) Aggregated information 14,672
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 4 June 2020
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
The performance condition applicable to the Performance Options
as set by the Remuneration Committee is:
Total shareholder return ("TSR") relative to the TSR of certain
selected European airlines. The base measure for TSR will be the
average trading price of shares during the 30 days immediately
before the reference date (30 May 2020), and the closing measure
will be the average trading price of shares during the 30 days
immediately before the third anniversary of the reference date. At
vesting, pay-out is to be 25% of the award for TSR performance
equal to median performance, with a 100% pay-out for performance
equal to, or exceeding, upper quartile performance. Linear
interpolation will apply for performance between the median and
upper quartile.
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.
-End-
ABOUT WIZZ AIR
Wizz Air, the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 122 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 40
million passengers in the last 12 months. 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.
For more information:
Investors: Evelin Horvath, Wizz Air +41 22 555 9863
Media: Tamara Vallois, Wizz Air: +36 1 777 9324
Edward Bridges / Jonathan Neilan, FTI Consulting
LLP: +44 20 3727 1017
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFIFLDREIILII
(END) Dow Jones Newswires
June 10, 2020 03:17 ET (07:17 GMT)
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