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Wizz Air Holdings PLC

Director's Dealing Jun 17, 2024

10271_dirs_2024-06-17_9faf3b5d-acf0-47bd-8b70-547551492f87.html

Director's Dealing

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RNS Number : 7478S

Wizz Air Holdings PLC

17 June 2024

Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grants

Geneva, 17 June 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines , announces the granting of awards under Omnibus Share Plan ("Omnibus Plan") to a number of persons discharging management responsibilities ("PDMRs").

1.   Senior Leadership Growth Plan Awards

On 30 May 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options ("Options") under the Omnibus Plan as Senior Leadership Growth Plan awards ("SLGP Awards") , over 76,029 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.

The following PDMRs were granted SLGP Awards:

# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Michael Joseph Francois Berlouis
# 2. Reason for the notification
a) Position / status Financial Operations Officer from 1 July 2024
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 4,752
e) Aggregated information

·    Aggregated volume

·    Price
4,752

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ervin Banyai
# 2. Reason for the notification
a) Position / status Digital Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of Performance Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 4,752
e) Aggregated information

·    Aggregated volume

·    Price
4,752

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A

The SLGP Awards, which are one-off awards, will be subject to the following performance conditions:

(a)  100% of an award will vest subject to the Company's Share Price of £119.34 at the end of the Performance Period [1] . The threshold is a Company's Share Price of £77.24 for which 0% of the award vests with straight line vesting in between these two points. If prior to the end of the Performance Period, the Share Price Target is met or exceeded over any two consecutive quarters, based on the VWAP over that period, then in such case, subject to the Rules, the Award will vest in full on the Normal Vesting Date.  

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.

2.   Long-Term Incentive Plan Awards

On 30 May 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options ("Options") under the Omnibus Plan as Long-Term Incentive Plan awards ("LTIP Awards") , over 441,805 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMRs as set out below.

The following PDMRs were granted LTIP Awards:

# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Robert Etienne Carey
# 2. Reason for the notification
a) Position / status President
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 39,817 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
39,817

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Michael James Delehant
# 2. Reason for the notification
a) Position / status Chief Operations Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 39,817 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
39,817

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ian Ogden Malin
# 2. Reason for the notification
a) Position / status Chief Financial Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 39,817 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
39,817

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Owain David Jones
# 2. Reason for the notification
a) Position / status Chief Corporate Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 39,817 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
39,817

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Silvia Mosquera
# 2. Reason for the notification
a) Position / status Chief Commercial Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 29,365 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
29,365

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Veronika Jung
# 2. Reason for the notification
a) Position / status People Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Yvonne Moynihan
# 2. Reason for the notification
a) Position / status Corporate Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Janos Pal
# 2. Reason for the notification
a) Position / status Revenue Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 10,949 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
10,949

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Diarmuid O Conghaile
# 2. Reason for the notification
a) Position / status Managing Director Wizz Air Malta
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Roland Tibor Tischner
# 2. Reason for the notification
a) Position / status Officer Wizz Air Hungary Operations
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Boris Paul Rogoff
# 2. Reason for the notification
a) Position / status Officer Wizz Air Central Operations
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Johan Roger Lennart Eidhagen
# 2. Reason for the notification
a) Position / status Managing Director Wizz Air Abu Dhabi
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Marion Anna Suzanna Geoffroy
# 2. Reason for the notification
a) Position / status Managing Director Wizz Air UK
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Zsuzsanna Poos
# 2. Reason for the notification
a) Position / status Customer and Marketing Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 10,949 (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
10,949

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Michael Joseph Francois Berlouis
# 2. Reason for the notification
a) Position / status Financial Operations Officer from 1 July 2024
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 24,226  (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
24,226

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A
# 1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ervin Banyai
# 2. Reason for the notification
a) Position / status Digital Officer
b) Initial notification / amendment Initial notification
# 3. Details of the issuer
a) Name Wizz Air Holdings Plc
b) Legal entity identifier 213800COXGZCORLJZA85
# 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of £0.0001 each
Identification code JE00BN574F90
b) Nature of the transaction Grant of LTIP Award in the form of Options
c) Currency British Pounds
d) Price(s) and volume(s) Price(s) Volume(s)
NIL 25,881  (Restricted Stock Award)
e) Aggregated information

·    Aggregated volume

·    Price
25,881

NIL
f) Date of the transaction 30 May 2024
g) Place of the transaction N/A

100% of the LTIP Award is not subject to performance conditions and will vest on the relevant vesting date(s) provided the PDMR remains in employment with the Company ("Restricted Stock Award").

All vested Options must be exercised within ten years of the date of grant. If exercised, then the underlying shares in the Company will be issued or transferred at nil cost to the Option holders. No amounts have been paid by the relevant PDMRs for the grant of these Options.
- Ends -

ABOUT WIZZ AIR

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 200 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 62 million passengers in the financial year ending 31 March 2024. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named the World's Top 5 Safest Low-Cost Airlines 2024 by airlineratings.com, the world's only safety and product rating agency, and named Airline of the Year by Air Transport Awards in 2019 and in 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards in 2021-2023 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022-2023.
For more information:
Investors: Mark Simpson, Wizz Air +36 1 777 9407
Dorottya Durucsko, Wizz Air
Media: Tamara Vallois, Wizz Air

James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group:
+36 1 777 9324

+44 (0) 20 3128 8100

[1] "Performance Period" means the seven consecutive Financial Years of which the first is the Financial Year ending 31 March 2022.

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