Wizz Air Omnibus Plan award grants
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Geneva, 5 February 2024 - 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") to a number of persons discharging management responsibilities ("PDMRs").
Wizz Air makes a grant of options ("Options") under the Omnibus Plan as Long-Term Incentive Plan awards ("LTIP Awards"), in the amount of 63,502 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, who joined the Company following 13 July, 2023 (date of original grant of LTIP award for fiscal year 2024 were granted LTIP Awards following the approval of the Remuneration Committee:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Silvia Mosquera Gonzalez | |
| 2. | Reason for the notification | ||
| a) | Position / status | Executive Vice President and Group 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 | |
| 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 | 14,078 (Performance Award) 14,078 (Restricted Stock Award) | ||
| e) | Aggregated information · Aggregated volume · Price | 28,156 NIL | |
| f) | Date of the transaction | 04 August 2023 | |
| 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 | |
| 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 | 9,151 (Performance Award) 9,151 (Restricted Stock Award) | ||
| e) | Aggregated information · Aggregated volume · Price | 18,302 NIL | |
| f) | Date of the transaction | 04 August 2023 | |
| g) | Place of the transaction | N/A | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Boris 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 | |
| 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 | 8,522 (Performance Award) 8,522 (Restricted Stock Award) | ||
| e) | Aggregated information · Aggregated volume · Price | 17,044 NIL | |
| f) | Date of the transaction | 08 November 2023 | |
| g) | Place of the transaction | N/A |
100% of the Performance Award will vest subject to 14% average net profit margin of the Company over the next three-year period starting with the 2024 financial year of the Company. The threshold net profit margin level is 9% for which 25% of the award vests with straight line vesting in between these two points.
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