Wizz Air Omnibus Plan award grants
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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").
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 | |
| 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 | |
| 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:
- 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.
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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| 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").
- 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.
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