Wizz Air Holdings PLC Wizz Air Omnibus Plan award grants
05 Febrero 2024 - 11:26AM
RNS Regulatory News
RNS Number : 0829C
Wizz Air Holdings PLC
05 February 2024
Wizz Air Holdings
Plc
Wizz Air Omnibus Plan award
grants
Geneva, 5 February 2024 - 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").
Wizz Air makes a grant of options
("Options") under the
Omnibus Plan as Long-Term Incentive Plan
awards ("LTIP Awards"), in the amount of 63,502 ordinary
shares in the capital of Wizz Air of £0.0001 par value
(identification code JE00BN574F90) to PDMRs as set out
below.
The following PDMRs, who joined the
Company following 13 July, 2023 (date of original grant of LTIP
award for fiscal year 2024 were granted LTIP Awards following the
approval of the Remuneration Committee:
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Silvia Mosquera Gonzalez
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Executive Vice President and Group
Chief Commercial 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 LTIP Award in the form of
Options
|
|
c)
|
Currency
|
British Pounds
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
NIL
|
14,078 (Performance Award)
14,078 (Restricted Stock Award)
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
28,156
NIL
|
|
f)
|
Date of the transaction
|
04 August 2023
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Janos Pal
|
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 LTIP Award in the form of
Options
|
|
c)
|
Currency
|
British Pounds
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
NIL
|
9,151 (Performance Award)
9,151 (Restricted Stock Award)
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
18,302
NIL
|
|
f)
|
Date of the transaction
|
04 August 2023
|
|
g)
|
Place of the transaction
|
N/A
|
1.
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Boris Rogoff
|
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 LTIP Award in the form of
Options
|
|
c)
|
Currency
|
British Pounds
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
NIL
|
8,522 (Performance Award)
8,522 (Restricted Stock Award)
|
|
|
e)
|
Aggregated information
·
Aggregated volume
·
Price
|
17,044
NIL
|
|
f)
|
Date of the transaction
|
08 November 2023
|
|
g)
|
Place of the transaction
|
N/A
|
50% of the LTIP Award is subject to
performance conditions ("Performance Award"). The remaining 50%
of the LTIP Award is not subject to performance conditions and will
vest on the relevant vesting date(s) provided the PDMR remains in
employment with the Company ("Restricted Stock Award").
100% of the Performance Award will
vest subject to 14% average net profit margin of the Company over
the next three-year period starting with the 2024 financial year of
the Company. The threshold net profit margin level is 9% for which
25% of the award vests with straight line vesting in between these
two points.
|
All vested Options must be exercised
within ten years of the date of grant. If exercised, then the
underlying shares in the Company will be issued or transferred 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 fastest growing
European ultra-low-cost airline, operates a fleet of 198 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 60.3 million passengers in 2023. Wizz Air is
listed on the London Stock Exchange under the ticker WIZZ. The
company was recently named the World's Top 5 Safest Low-Cost
Airlines 2024 by airlineratings.com,
the world's only safety and product rating agency, and named
Airline of the Year by Air Transport Awards in 2019 and in 2023.
Wizz Air has also been recognised as the "Most Sustainable Low-Cost
Airline" within the World Finance Sustainability Awards in
2021-2023 and the "Global Environmental Sustainability Airline
Group of the Year" by the CAPA-Centre for Aviation Awards for
Excellence 2022-2023.
|
For more information:
|
|
Investors:
|
Zlatko Custovic, Wizz Air
|
+36 1 777 9407
|
|
|
|
|
|
Media:
|
Tamara
Vallois, Wizz Air:
|
+36 1 777 9324
|
|
|
James
McFarlane/ Eleni Menikou, MHP
Group:
|
+44 (0) 20 3128 8100
|
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