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)


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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