Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grants
Geneva, 6 February 2025 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting of award under the Omnibus Share Plan ("Omnibus Plan") to a person discharging management responsibilities ("PDMRs").
On 31 January 2025, 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 Award ("SLGP Award"), over 4,752 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMR as set out below.
The following PDMR was granted SLGP Award:
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Krzysztof Krolak | |||
2. | Reason for the notification | ||||
| a) | Position / status | Central 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 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 | January 31 2025 | |||
| g) | Place of the transaction | N/A | |||
- Ends -
The SLGP Awards, which are one-off awards, will be subject to the following performance conditions:
100% of an SLGP Award will vest if the Company's share price is £119.34 (the "Share Price Target") at the end of the Performance Period[1]. The threshold for an SLGP Award to vest is a Company share price of £77.24, under which 0% of the SLGP 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, subject to the Omnibus Plan rules, the SLGP Award will vest in full on the normal vesting date.
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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ABOUT WIZZ AIR Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 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 2021-2024, and the "Global Environmental Sustainability Airline Group of the Year" in 2022-2023 and the "EMEA Environmental Sustainability Airline Group of the Year" in 2024 by the CAPA-Centre for Aviation Awards for Excellence.
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[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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