TIDMJET2
RNS Number : 8881O
Jet2 PLC
12 February 2021
THIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS RESTRICTED AND
IS NOT FOR PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR
FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION,
TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING WOULD BE
UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
For immediate release
12 February 2021
Jet2 plc
("Jet2", the "Group" or the "Company")
Results of Fundraise
Jet2 plc, the Leisure Travel group, is pleased to announce the
successful completion of the Fundraise announced yesterday (the
"Fundraise Announcement").
The Company has raised total gross proceeds of approximately GBP
422 million through the Fundraise, comprising 35,166,654 Placing
Shares and subscriptions for 593,561 Retail Shares, in each case at
a price of 1180 pence per Ordinary Share, representing a discount
of approximately 9.1 per cent. to the closing price on 11 February
2021 (being the last practicable date prior to the publication of
this announcement).
The Fundraise was significantly oversubscribed.
The Fundraise Shares being issued represent 20 per cent. of the
existing issued ordinary share capital of Jet2 immediately prior to
the Fundraise.
The Company consulted with a number of its major shareholders
prior to the Fundraise in order to adhere to the principles of
pre-emption as far as possible through the allocation process and
is pleased by the strong support it has received from existing
shareholders and new investors.
Canaccord Genuity and Jefferies acted as Joint Global
Co-ordinators, Joint Bookrunners and Joint Brokers in connection
with the Placing. Cenkos Securities plc acted as nominated adviser
to the Company.
Philip Meeson, Executive Chairman of the Group, commented:
"The Board is grateful to both existing shareholders and new
investors for their significant support of this equity issue. Based
on the indicative scenario planning undertaken by management, the
Board believes that the proceeds will provide sufficient liquidity
on an extended and likely unpredictable shutdown basis to deal with
this continually challenging trading environment. Furthermore, the
Directors believe the Fundraise will enable management to continue
to adopt a decisive, but prudent, responsible financial management
approach; take longer-term strategic decisions to support
sustainable long term profit growth; and improve the ability for
Jet2 to exit the pandemic in a stable commercial position so that
it is well positioned to capitalise on the upturn opportunity when
it arrives. The Board remains of the belief that once able to do
so, our Customers will be determined to enjoy the wonderful
experience of a well-deserved Jet2 holiday and that Jet2.com and
Jet2holidays will continue to have a thriving future, taking
millions of UK holidaymakers annually to the Mediterranean, the
Canary Islands and to European Leisure Cities."
Admission and dealings
The Placing Shares and the Retail Shares, when issued, will be
credited as fully paid and will rank pari passu in all respects
with each other and with the existing Ordinary Shares, including,
without limitation, the right to receive all dividends and other
distributions declared, made or paid after the date of issue.
Application has been made to the London Stock Exchange for the
Placing Shares and the Retail Shares to be admitted to trading on
AIM ("Admission").
Settlement and dealings for the Placing Shares and the Retail
Shares and Admission are expected to take place on or around 8.00
a.m. (London time) on 17 February 2021 (or such later date as may
be agreed between the Joint Global Co-ordinators and the Company).
The Placing and the Retail Offer are conditional upon, inter alia,
Admission becoming effective and the placing agreement between the
Company and the Joint Global Co-ordinators not being terminated in
accordance with its terms.
Total voting rights
Following Admission, the Company will have a total of
214,561,294 Ordinary Shares in issue, with no Ordinary Shares held
in treasury. Therefore, following Admission, this figure may be
used by shareholders as the denominator for the calculations by
which they determine if they are required to notify their interest
in, or a change in their interest in, the Company under the
Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority.
Director participation
The following Directors of the Company have agreed to
participate in the Placing as follows:
Number of Percentage of
Existing Number of enlarged issued
Ordinary Placing Shares Number of share capital
Shares to be subscribed Ordinary Shares on Admission
Director/PDMR for on Admission (%)
Philip Meeson 47,300,000 5,000 47,305,000 22.05%
Stephen Heapy 249,111 1,500 250,611 0.12%
Gary Brown 79,176 1,500 80,676 0.04%
Richard Green 2,000 1,000 3,000 0.001%
Mark Laurence 240,000 60,000 300,000 0.14%
Robin Terrell 4,337 867 5,204 0.002%
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
detail.
Capitalised terms used in this announcement have the meanings
given to them in the Fundraise Announcement, unless the context
provides otherwise.
For further information, please contact:
Jet2 plc Tel: 0113 239 7692
Philip Meeson, Executive Chairman
Gary Brown, Group Chief Financial
Officer
Canaccord Genuity (Joint Global Co-ordinator, Tel: 020 7523 8000
Joint Bookrunner and Joint Broker)
Adam James / Sam Lucas
Alex Aylen / Bobbie Hilliam
Jefferies (Joint Global Co-ordinator, Tel: 020 7029 8000
Joint Bookrunner and Joint Broker)
Ed Matthews / Oliver Berwin / Aditi
Venkatram
Cenkos Securities plc - Nominated Tel: 020 7397 8900
Adviser
Katy Birkin / Russell Cook
Buchanan - Financial PR Tel: 020 7466 5000
Richard Oldworth
This announcement (the "Announcement") should be read in its
entirety. In particular, you should read and understand the
information provided in the "Important Notices" section of this
Announcement.
IMPORTANT NOTICES
This Announcement and the information contained in it is not for
publication, release, transmission, distribution or forwarding, in
whole or in part, directly or indirectly, in or into the United
States, Australia, Canada, Japan or South Africa or any other
jurisdiction in which publication, release or distribution would be
unlawful. This Announcement is for information purposes only and
does not constitute an offer to sell or issue, or the solicitation
of an offer to buy, acquire or subscribe for shares in the capital
of the Company in the United States, Australia, Canada, Japan or
South Africa or any other state or jurisdiction. This Announcement
has not been approved by the London Stock Exchange. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of such jurisdictions.
The Fundraise Shares have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act") or with any securities regulatory authority of any state or
other jurisdiction of the United States and may not be offered,
sold, pledged, taken up, exercised, resold, renounced, transferred
or delivered, directly or indirectly, in or into the United States
absent registration under the Securities Act, except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance
with any applicable securities laws of any state or other
jurisdiction of the United States. The Fundraise Shares have not
been approved, disapproved or recommended by the U.S. Securities
and Exchange Commission, any state securities commission in the
United States or any other U.S. regulatory authority, nor have any
of the foregoing authorities passed upon or endorsed the merits of
the offering of the Fundraise Shares. Subject to certain
exceptions, the securities referred to herein may not be offered or
sold in the United States, Australia, Canada, Japan, South Africa
or to, or for the account or benefit of, any national, resident or
citizen of the United States, Australia, Canada, Japan, the
Republic of South Africa.
The relevant clearances have not been, and nor will they be,
obtained from the securities commission of any province or
territory of Canada; no prospectus has been lodged with, or
registered by, the Australian Securities and Investments Commission
or the Japanese Ministry of Finance; the relevant clearances have
not been, and will not be, obtained for the South Africa Reserve
Bank or any other applicable body in the Republic of South Africa
in relation to the Fundraise Shares and the Fundraise Shares have
not been; and the Fundraise Shares have not been, and nor will they
be, registered under or offered in compliance with the securities
laws of any state, province or territory of Canada, Australia,
Japan or South Africa. Accordingly, the Fundraise Shares may not
(unless an exemption under the relevant securities laws is
applicable) be offered, sold, resold or delivered, directly or
indirectly, in or into Canada, Australia, Japan or South Africa or
any other jurisdiction outside the United Kingdom or to, or for the
account or benefit of any national, resident or citizen of
Australia, Japan or South Africa or to any investor located or
resident in Canada.
No public offering of the Fundraise Shares is being made in the
United States, United Kingdom or elsewhere (except as disclosed in
the Placing Announcement under "Details of the Placing"). All
offers of the Fundraise Shares will be made pursuant to an
exemption under the UK version of Regulation (EU) no 2017/1129 of
the European Parliament and of the Council of 14 June 2017, which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended from time to time, and includes any relevant
implementing measure in any member state (the "Prospectus
Regulation") from the requirement to produce a prospectus. This
Announcement is being distributed to persons in the United Kingdom
only in circumstances in which section 21(1) of the Financial
Services and Markets Act 2000, as amended ("FSMA") does not
apply.
No prospectus will be made available in connection with the
matters contained in this Announcement and no such prospectus is
required (in accordance with the Prospectus Regulation) to be
published. This Announcement and the terms and conditions set out
herein are for information purposes only and are directed only at
persons who are: (a) persons in member states of the European
Economic Area ("EEA") who are qualified investors as defined in
section 86(7) of FSMA, as amended ("Qualified Investors"), being
persons falling within the meaning of article 2(e) of Prospectus
Regulation (EU) 2017/1129 and to the extent implemented in the
relevant member state (the "EU Prospectus Regulation"); and (b) in
the United Kingdom, Qualified Investors who are persons who (i)
have professional experience in matters relating to investments
falling within the definition of "investment professionals" in
article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"); (ii)
are persons falling within article 49(2)(a) to (d) ("high net worth
companies, unincorporated associations, etc") of the Order; or
(iii) are persons to whom it may otherwise be lawfully
communicated; (all such persons together being referred to as
"relevant persons"). This Announcement and the terms and conditions
set out herein must not be acted on or relied on by persons who are
not relevant persons. Persons distributing this Announcement must
satisfy themselves that it is lawful to do so. Any investment or
investment activity to which this Announcement and the terms and
conditions set out herein relates is available only to relevant
persons and will be engaged in only with relevant persons.
This Announcement has been issued by, and is the sole
responsibility of, the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by
Canaccord Genuity or Jefferies or by any of their affiliates or
agents as to or in relation to, the accuracy or completeness of
this Announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
Each of Canaccord Genuity and Jefferies, which are authorised
and regulated by the Financial Conduct Authority ("FCA") in the
United Kingdom, are acting exclusively for the Company and no one
else in connection with the Placing and will not regard any other
person (whether or not a recipient of this Announcement) other than
the Company as their respective clients in relation to the Placing
and will not be responsible to anyone (including any Placees) other
than the Company for providing the protections afforded to their
respective clients or for providing advice in relation to the
Placing or any other matters referred to in this Announcement.
Neither Canaccord Genuity nor Jefferies is acting for the Company
with respect to the Retail Offer.
The distribution of this Announcement and/or the offering of the
Fundraise Shares in certain jurisdictions may be restricted by law.
No action has been taken by the Company, Canaccord Genuity or
Jefferies or any of their respective affiliates that would, or
which is intended to, permit an offering of the Placing Shares in
any jurisdiction or result in the possession or distribution of
this Announcement or any other offering or publicity material
relating to Placing Shares in any jurisdiction where action for
that purpose is required. No action has been taken by the Company
or PrimaryBid or any of their respective affiliates that would, or
which is intended to, permit an offering of the Retail Shares in
any jurisdiction or result in the possession or distribution of
this Announcement or any other offering or publicity material
relating to Retail Shares in any jurisdiction where action for that
purpose is required.
Persons distributing any part of this Announcement must satisfy
themselves that it is lawful to do so. Persons (including, without
limitation, nominees and trustees) who have a contractual or other
legal obligation to forward a copy of this Announcement should seek
appropriate advice before taking any such action. Persons into
whose possession this Announcement comes are required by the
Company, Canaccord Genuity, Jefferies and PrimaryBid to inform
themselves about, and to observe, such restrictions.
This Announcement contains (or may contain) certain
forward-looking statements with respect to certain of the Company's
current expectations and projections about future events and the
Company's future financial condition and performance. These
statements, which sometimes use words such as "aim", "anticipate",
"believe", "may", "will", "should", "intend", "plan", "assume",
"estimate", "expect", "target", "anticipate", "could", "predict",
"continue", "positioned", "risk" (or the negative thereof) and
words of similar meaning, reflect the Directors' current beliefs
and expectations and involve known and unknown risks, uncertainties
and assumptions, many of which are outside the Company's control
and difficult to predict, that could cause actual results and
performance to differ materially from any expected future results
or performance expressed or implied by the forward-looking
statement. Any forward-looking statements made in this Announcement
by or on behalf of the Company speak only as of the date they are
made. These forward-looking statements reflect the Company's
judgment at the date of this Announcement and are not intended to
give any assurance as to future results and cautions that its
actual results of operations and financial condition, and the
development of the industry in which it operates, may differ
materially from those made in or suggested by the forward-looking
statements contained in this Announcement and/or information
incorporated by reference into this Announcement. Except as
required by the FCA, the London Stock Exchange, the AIM Rules or
applicable law, the Company expressly disclaims any obligation or
undertaking to release publicly any updates, supplements or
revisions to any forward-looking statements contained in this
Announcement to reflect any changes in the Company's expectations
with regard thereto or any changes in events, conditions or
circumstances on which any such statement is based, except where
required to do so under applicable law.
This Announcement does not identify or suggest, or purport to
identify or suggest, the risks (direct or indirect) that may be
associated with an investment in the Fundraise Shares. Any
investment decision to buy Fundraise Shares in the Fundraise must
be made solely on the basis of publicly available information,
which has not been independently verified by Canaccord Genuity,
Jefferies or PrimaryBid (as relevant).
The information in this Announcement may not be forwarded or
distributed to any other person and may not be reproduced in any
manner whatsoever. Any forwarding, distribution, reproduction or
disclosure of this information in whole or in part is unauthorised.
Failure to comply with this directive may result in a violation of
the Securities Act or the applicable laws of other
jurisdictions.
This Announcement does not constitute an invitation to
underwrite, subscribe for or otherwise acquire or dispose of any
securities in any jurisdiction. This Announcement does not
constitute a recommendation concerning any investor's option with
respect to the Fundraise. Each investor or prospective investor
should conduct his, her or its own investigation, analysis and
evaluation of the business and data described in this Announcement
and publicly available information. The price and value of
securities can go down as well as up. Past performance is not a
guide to future performance.
Each of the Joint Global Co-ordinators and their respective
affiliates may have engaged in transactions with, and provided
various commercial banking, investment banking, financial advisory
transactions and services in the ordinary course of their business
with the Company and/or its affiliates for which they would have
received customary fees and commissions. Each of the Joint Global
Co-ordinators and their respective affiliates may provide such
services to the Company and/or its affiliates in the future.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this Announcement.
Information to Distributors
UK Product Governance Requirements
Solely for the purposes of the product governance requirements
contained within the FCA Handbook Product Intervention and Product
Governance Sourcebook (the "UK Product Governance Rules"), and
disclaiming all and any liability, whether arising in tort,
contract or otherwise, which any 'manufacturer' (for the purposes
of the UK Product Governance Rules) may otherwise have with respect
thereto, the Placing Shares have been subject to a product approval
process, which has determined that such Placing Shares are: (i)
compatible with an end target market of: (a) investors who meet the
criteria of professional clients as defined in point (8) of Article
2(1) of Regulation (EU) No 600/2014 as it forms part of domestic
law by virtue of the European Union (Withdrawal) Act 2018; (b)
eligible counterparties, as defined in the FCA Handbook Conduct of
Business Sourcebook ("COBS"); and (c) retail clients who do not
meet the definition of professional client under (a) or eligible
counterparty per (b); and (ii) eligible for distribution through
all distribution channels as are permitted by Directive 2014/65/EU
(the "UK target market assessment"). Notwithstanding the UK target
market assessment, distributors should note that: the price of the
Placing Shares may decline and investors could lose all or part of
their investment; the Placing Shares offer no guaranteed income and
no capital protection; and an investment in the Placing Shares is
compatible only with investors who do not need a guaranteed income
or capital protection, who (either alone or in conjunction with an
appropriate financial or other adviser) are capable of evaluating
the merits and risks of such an investment and who have sufficient
resources to be able to bear any losses that may result therefrom.
The UK target market assessment is without prejudice to the
requirements of any contractual, legal or regulatory selling
restrictions in relation to the placing. Furthermore, it is noted
that, notwithstanding the UK target market assessment, the Banks
will only procure investors who meet the criteria of professional
clients and eligible counterparties.
For the avoidance of doubt, the UK target market assessment does
not constitute: (a) an assessment of suitability or appropriateness
for the purposes of COBS 9A and COBS 10A, respectively; or (b) a
recommendation to any investor or group of investors to invest in,
or purchase or take any other action whatsoever with respect to the
Placing Shares.
Each distributor is responsible for undertaking its own UK
target market assessment in respect of the Placing Shares and
determining appropriate distribution channels.
EU Product Governance Requirements
Solely for the purposes of the product governance requirements
contained within: (a) EU Directive 2014/65/EU on markets in
financial instruments, as amended ("MiFID II"); (B) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any 'manufacturer' (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto,
the Placing Shares have been subject to a product approval process,
which has determined that such Placing Shares are: (i) compatible
with an end target market of retail investors and investors who
meet the criteria of professional clients and eligible
counterparties, each as defined in MiFID II; and (ii) eligible for
distribution through all distribution channels as are permitted by
MiFID II (the "Target Market Assessment"). Notwithstanding the
Target Market Assessment, distributors should note that: the price
of the Placing Shares may decline and investors could lose all or
part of their investment; the Placing Shares offer no guaranteed
income and no capital protection; and an investment in the Placing
Shares is compatible only with investors who do not need a
guaranteed income or capital protection, who (either alone or in
conjunction with an appropriate financial or other adviser) are
capable of evaluating the merits and risks of such an investment
and who have sufficient resources to be able to bear any losses
that may result therefrom. The Target Market Assessment is without
prejudice to the requirements of any contractual, legal or
regulatory selling restrictions in relation to the Placing.
Furthermore, it is noted that, notwithstanding the Target Market
Assessment, the Banks will only procure investors who meet the
criteria of professional clients and eligible counterparties.
For the avoidance of doubt, the Target Market Assessment does
not constitute: (a) an assessment of suitability or appropriateness
for the purposes of MiFID II; or (b) a recommendation to any
investor or group of investors to invest in, or purchase or take
any other action whatsoever with respect to the Placing Shares.
Each distributor is responsible for undertaking its own target
market assessment in respect of the Placing Shares and determining
appropriate distribution channels.
NOTWITHSTANDING ANYTHING IN THE FOREGOING, NO PUBLIC OFFERING OF
THE FUNDRAISE SHARES IS BEING MADE BY ANY PERSON ANYWHERE AND THE
COMPANY HAS NOT AUTHORISED OR CONSENTED TO ANY SUCH OFFERING IN
RELATION TO THE FUNDRAISE SHARES.
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 Philip Meeson
--------------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Executive Chairman
--------------------------------------- ---------------------------------
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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 5,000
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen 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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 1,500
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gary Brown
--------------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status 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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 1,500
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Laurence
--------------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Non-executive Director
--------------------------------------- ---------------------------------
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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 60,000
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Green
--------------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Non-executive Director
--------------------------------------- ---------------------------------
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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 1,000
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robin Terrell
--------------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Non-executive Director
--------------------------------------- ---------------------------------
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 Ordinary shares of 1.25p each
instrument, type of instrument
--------------------------------------- ---------------------------------
Identification code GB00B1722W11
--------------------------------------- ---------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
pursuant to Placing
--------------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------ -------------
1180 pence 867
--------------------------------------------------------------- -------------
d) Aggregated information N/A (single transaction)
--------------------------------------- ---------------------------------
Aggregated volume N/A (single transaction)
--------------------------------------- --------------------------------------
Price N/A (single transaction)
--------------------------------------- --------------------------------------
e) Date of the transaction 12 February 2021
--------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------
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END
ROIEAFAAFDKFEEA
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February 12, 2021 02:00 ET (07:00 GMT)
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