Wizz Air Omnibus Plan award grant
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Geneva, 3 October 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting of awards under the omnibus share plan ("Omnibus Plan) to a person discharging management responsibilities ("PDMR").
As proposed to and subsequently approved by shareholders at the Company's AGM on 25th September 2024, changes to the Directors' Remuneration Policy and Omnibus Plan rules have been implemented to allow the Company's Chief Executive Officer, József Váradi, to be granted LTIP awards under the Omnibus Plan.
On 25 September 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan in relation to Long -Term Incentive Plan ("LTIP"), over 133,957 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("LTIP Award") to PDMR as set out below.
The following PDMR was granted LTIP Award of Options:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | József Váradi | |
| 2. | Reason for the notification | ||
| a) | Position / status | Chief Executive 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 Options | |
| c) | Currency | British Pounds | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| NIL | 133,957 (Restricted Stock Award) | ||
| e) | Aggregated information · Aggregated volume · Price | 133,957 NIL | |
| f) | Date of the transaction | 1 October 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 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.
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