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JET2 PLC
Remuneration Information • Jul 20, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1909T
Jet2 PLC
20 July 2022
20 July 2022
Jet2 plc
("Jet2", the "Group" or the "Company")
Grant of Options under Share Reward Plan
and Vesting of Deferred Awards under Senior Executive Incentive Plan
Jet2 plc, the Leisure Travel group, announces that 2,114,466 options have today been granted under the Jet2 plc Share Reward Plan (the "Plan").
As previously announced, awards under the Plan take the form of options to acquire the Company's ordinary shares of 1.25p each ("Ordinary Shares") at the shares' nominal value and which will vest three years following the date of grant and will lapse ten years from the anniversary of the date of grant. Recipients must be employed and not be under notice given or received at vesting and must have worked and contributed throughout the vesting period.
The total number of shares awarded under the Plan in 2022 represents 0.98%; the Company continues to operate all of its share plans within the 10% in 10 years share plans dilution limit.
Details of the awards to PDMRs under the Plan are as follows:
| Director | Number of Options issued under the Plan |
| Stephen Heapy, Chief Executive Officer | 87,591 |
| Gary Brown, Group Chief Financial Officer | 66,875 |
In addition, on 18 July 2022, Stephen Heapy and Gary Brown subscribed for 18,262 and 17,216 Ordinary Shares at 1.25p per Ordinary Share, respectively, pursuant to the vesting of a deferred award granted under the Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2019.
In order to fund only the income tax, National Insurance liabilities and administrative fees arising on vesting, Stephen Heapy and Gary Brown subsequently sold 8,796 and 8,303 Ordinary Shares and retained the balance of 9,466 and 8,913 Ordinary Shares, respectively.
Following these transactions, Mr Heapy beneficially holds a total of 283,096 Ordinary Shares, representing approximately 0.13% of the Company's issued share capital, and Mr Brown beneficially holds a total of 102,599 Ordinary Shares, representing approximately 0.05% of the Company's issued share capital.
The notifications below, made in accordance with the requirements of the UK version of Regulation (EU) No 596/2014, provide further details.
For further information, please contact:
| Jet2 plc Philip Meeson, Executive Chairman Ian Day, Company Secretary |
Tel: 0113 239 7692 |
| Cenkos Securities plc - Nominated Adviser Katy Birkin/Camilla Hume |
Tel: 020 7397 8900 |
| Canaccord Genuity - Joint Broker Adam James |
Tel: 020 7523 8000 |
| Jefferies International Limited - Joint Broker Ed Matthews |
Tel: 020 7029 8000 |
| Buchanan - Financial PR Richard Oldworth |
Tel: 020 7466 5000 |
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 | 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Grant of options under the Company's Share Reward Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £Nil | 87,591 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 July 2022 | |
| 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 | Group 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Grant of options under the Company's Share Reward Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £Nil | 66,875 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 July 2022 | |
| 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Subscription for shares pursuant to the vesting of a deferred award granted under the Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2019 | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.0125 | 18,262 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 18 July 2022 | |
| f) | Place of the transaction | XOFF |
| 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 9,466 Ordinary Shares has been retained. | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £9.048 | 8,796 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 20 July 2022 | |
| f) | Place of the transaction | XOFF |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Gary Brown | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Subscription for shares pursuant to the vesting of a deferred award granted under the Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2019 | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £0.0125 | 17,216 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 18 July 2022 | |
| f) | Place of the transaction | XOFF |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Gary Brown | |
| 2 | Reason for the notification | ||
| a) | Position/status | Group 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 instrument, type of instrument | Ordinary shares of 1.25p each | |
| Identification code | GB00B1722W11 | ||
| b) | Nature of the transaction | Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 8,913 Ordinary Shares has been retained. | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| £9.037 | 8,303 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 19 July 2022 | |
| f) | Place of the transaction | XOFF |
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