TIDMWIZZ
RNS Number : 9072H
Wizz Air Holdings PLC
06 August 2021
Wizz Air Holdings Plc
Wizz Air VCP and Omnibus Plan award grants
Geneva, 6 August 2021 - Wizz Air Holdings Plc ("Wizz Air" or the
"Company"), the fastest-growing European airline, announces the
granting of awards under new value creation plan ("VCP") and new
omnibus share plan ("Omnibus Plan"), to a number of persons
discharging management responsibilities ("PDMRs").
On 6 August 2021, following approval by the Company's
Remuneration Committee, Wizz Air made a grant of options under the
VCP over 837,943 ordinary shares in the capital of Wizz Air of
GBP0.0001 par value (identification code JE00BN574F90) ("VCP
Awards") to a PDMR as set out below.
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 837,943
----------------------------------------------------------------------- -----------------
e) Aggregated information 837,943
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
In relation to VCP Awards, the award will be subject to the
following performance conditions:
a) 90% of an award will vest subject to 20% compound annual
growth rate ("CAGR") in the Company's share price over the next
five-year period. The threshold growth level is 10% CAGR for which
20% of the maximum award vests with straight line vesting in
between these two points. Base period for calculation is volume
weighted average share price ("VWAP") over 1H CY 2021 - tested
against share price at end of period VWAP 1H CY 2026 ; and
b) if the minimum threshold CAGR of 10% CAGR is achieved then up
to 10% of an award may vest based on the achievement of ESG
targets, the criteria for which will be people and environment,
both weighted at 5%. If the 10% CAGR is not achieved, no ESG
portion of the award will vest.
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 6 August 2021, 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 356,386 ordinary shares in the capital of Wizz Air
of GBP0.0001 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 Robert Carey
------------------------------------- ----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status President
------------------------------------- ----------------------------------------
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 42,766
----------------------------------------------------------------------- -----------------
e) Aggregated information 42,766
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 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 42,766
----------------------------------------------------------------------- -----------------
e) Aggregated information 42,766
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 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 42,766
----------------------------------------------------------------------- -----------------
e) Aggregated information 42,766
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 28,511
----------------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 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 28,511
----------------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 28,511
----------------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 and ESG 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 28,511
----------------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 28,511
------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 Central 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 28,511
------------------------------------------------------------- -----------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 Chief Supply Chain and Legal 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 28,511
--------------------------------------------------------------- ------------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- -------------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- -------------------------------------------
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 Chief Customer and Marketing 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 28,511
--------------------------------------------------------------- ------------------
e) Aggregated information 28,511
* Aggregated volume NIL
* Price
------------------------------------- -------------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- -------------------------------------------
g) Place of the transaction N/A
------------------------------------- -------------------------------------------
T he 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 the next 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 6 August 2021, 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 141,249 ordinary shares in the capital of Wizz Air of
GBP0.0001 par value (identification code JE00BN574F90) ("LTIP
Awards") to PDMRs as set out below.
The following PDMRs were granted LTIP Awards of Performance
Options:
5. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Carey
------------------------------------- ----------------------------------------
6. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status President
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
7. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
8. 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 13,553
----------------------------------------------------------------------- -----------------
e) Aggregated information 13,553
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
9. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jourik Hooghe
------------------------------------- ----------------------------------------
10. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Executive Vice President & Group
Chief Financial Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
11. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
12. 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 17,736
------------------------------------------------------------------------ -----------------
e) Aggregated information 17,736
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
13. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Delehant
------------------------------------- ----------------------------------------
14. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Executive Vice President & Group
Chief Operations Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
15. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
16. 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 17,736
------------------------------------------------------------------------ -----------------
e) Aggregated information 17,736
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
17. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name George Michalopoulos
------------------------------------- ----------------------------------------
18. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Commercial Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
19. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
20. 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 11,528
------------------------------------------------------------------------ -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
21. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Marion Geoffroy
------------------------------------- ----------------------------------------
22. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Managing Director Wizz Air UK
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
23. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
24. 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 11,528
------------------------------------------------------------------------ -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
25. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Heiko Holm
------------------------------------- ----------------------------------------
26. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief Operations Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
27. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
28. 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 11,528
------------------------------------------------------------------------ -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
g) Place of the transaction N/A
------------------------------------- ----------------------------------------
29. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Johan Eidhagen
------------------------------------- ----------------------------------------
30. Reason for the notification
-------------------------------------------------------------------------------
a) Position / status Chief People and ESG Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------------- ----------------------------------------
31. Details of the issuer
-------------------------------------------------------------------------------
a) Name Wizz Air Holdings Plc
------------------------------------- ----------------------------------------
b) Legal entity identifier 213800COXGZCORLJZA85
------------------------------------- ----------------------------------------
32. 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 11,528
------------------------------------------------------------------------ -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 11,528
------------------------------------------------------------- -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 Central 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 11,528
------------------------------------------------------------- -----------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- ----------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- ----------------------------------------
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 Chief Supply Chain and Legal 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 11,528
--------------------------------------------------------------- ------------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- -------------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- -------------------------------------------
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 Chief Customer and Marketing 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 11,528
--------------------------------------------------------------- ------------------
e) Aggregated information 11,528
* Aggregated volume NIL
* Price
------------------------------------- -------------------------------------------
f) Date of the transaction 6 August 2021
------------------------------------- -------------------------------------------
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 2021 - tested against
share price at end of period VWAP 1H CY 2024; 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.
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 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.
For more information:
Investors: Zlatko Custovic, Wizz Air +36 1 777 9407
Media: Natasha Seager Smith, Wizz Air: +36 1 777 8475
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.
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use the personal data you provide us, please see our Privacy
Policy.
END
DSHSSLFLMEFSEIA
(END) Dow Jones Newswires
August 06, 2021 11:03 ET (15:03 GMT)
Wizz Air (LSE:WIZZ)
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