TIDMJET2

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. R ecipients 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                             Tel: 0113 239 7692 
     Philip Meeson, Executive Chairman 
     Ian Day, Company Secretary 
 
    Cenkos Securities plc - Nominated    Tel: 020 7397 8900 
     Adviser 
     Katy Birkin/Camilla Hume 
    Canaccord Genuity - Joint Broker     Tel: 020 7523 8000 
     Adam James 
 
    Jefferies International Limited -    Tel: 020 7029 8000 
     Joint Broker 
     Ed Matthews 
    Buchanan - Financial PR              Tel: 020 7466 5000 
     Richard Oldworth 
 

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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  --------------------------------- 
       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) 
      ------------------------------------------  ----------------  --------------- 
   GBPNil                                                            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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  --------------------------------- 
       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) 
      ------------------------------------------  ----------------  --------------- 
   GBPNil                                                            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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  ------------------------------------ 
       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) 
      ------------------------------------------  ------------------  ---------------- 
   GBP0.0125                                                           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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  --------------------------------------------- 
       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) 
      ------------------------------------------  ----------------------  --------------------- 
   GBP9.048                                                                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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  ------------------------------------ 
       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) 
      ------------------------------------------  ------------------  ---------------- 
   GBP0.0125                                                           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                Ordinary shares of 1.25p each 
        instrument, type of instrument 
      ------------------------------------------  --------------------------------------------- 
       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) 
      ------------------------------------------  ----------------------  --------------------- 
   GBP9.037                                                                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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July 20, 2022 11:00 ET (15:00 GMT)

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