Wizz Air Holdings PLC Wizz Air Omnibus Plan award grants (5241J)
December 13 2022 - 3:49AM
UK Regulatory
TIDMWIZZ
RNS Number : 5241J
Wizz Air Holdings PLC
13 December 2022
Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 13 December 2022 - Wizz Air Holdings Plc ("Wizz Air" or
the "Company"), the fastest-growing European airline, announces the
granting of awards under omnibus share plan ("Omnibus Plan"),
including a Long-Term Incentive Plan ("LTIP") and a senior
leadership growth plan (" SLGP"), to a person discharging
management responsibilities ("PDMR") as set out below and based on
the approval of the Remuneration Committee, as at 25 July 2022.
LTIP Awards of Performance Options:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Ogden Malin
-------------------------------------- -------------------------------------------------------
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 20,360
------------------------------------------------------------------------------ --------------------------
e) Aggregated information
* Aggregated volume 20,360
NIL
* Price
-------------------------------------- -------------------------------------------------------
f) Date of the transaction 14 November 2022
-------------------------------------- -------------------------------------------------------
g) Place of the transaction Budapest, Hungary
-------------------------------------- -------------------------------------------------------
For the LTIP 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 2022 - tested against
share price at end of period VWAP 1H CY 2025; 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.
SLGP Awards of Performance Options:
5. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Ogden Malin
------------------------------------------- -----------------------------------------------------
6. Reason for the notification
--------------------------------------------------------------------------------------------------
a) Position / status Executive Vice President & Group Chief Financial
Officer
------------------------------------------- -----------------------------------------------------
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 28,510
---------------------------------------------------------- ------------------------ -------------------------
Aggregated information
* Aggregated volume
e) * Price 28,510
------------------------------------------- -----------------------------------------------------
f) Date of the transaction 14 November 2022
------------------------------------------- -----------------------------------------------------
g) Place of the transaction Budapest, Hungary
------------------------------------------- -----------------------------------------------------
T he SLGP Awards, which are one-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 a 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.
-End-
ABOUT WIZZ AIR
Wizz Air, the fastest growing European ultra-low-cost airline
and one of the most sustainable, operates a fleet of 17 5 Airbus
A320 and A321 aircraft. A team of dedicated aviation professionals
delivers superior service and very low fares, making Wizz Air the
preferred choice of 40.0 million passengers in the financial year
F20 ending 31 March, 2020 and 27.1 million passengers in the
financial year F22 ending 31 March 2022. 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.
Wizz Air is a recipient of CAPA's prestigious Global Environmental
Sustainability Airline Group of the year award, 2022 .
For more information:
Investors: Zlatko Custovic, Wizz Air +36 1 777 9407
Zsuzsa Trubek, Wizz Air
+36 70 652 4115
Edward Bridges / Jonathan Neilan, FTI Consulting
Media: 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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBKNBQFBDKFBD
(END) Dow Jones Newswires
December 13, 2022 03:49 ET (08:49 GMT)
Wizz Air (LSE:WIZZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Wizz Air (LSE:WIZZ)
Historical Stock Chart
From Jul 2023 to Jul 2024