REG - Wizz Air Holdings - Wizz Air Omnibus Plan award grants
17/06/2024 14:45
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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 4,752
· Price 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 4,752
· Price 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 (#_ftn1) . 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 39,817
· Price 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 39,817
· Price 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 39,817
· Price 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 39,817
· Price 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 29,365
· Price 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 25,881
· Price 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)
e) Aggregated information
· Aggregated volume 25,881
· Price 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 10,949
· Price 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 25,881
· Price 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 25,881
· Price 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 25,881
· Price 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 25,881
· Price 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 25,881
· Price 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 10,949
· Price 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 24,226
· Price 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 25,881
· Price 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 +36 1 777 9324
James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group: +44 (0) 20 3128 8100
1 (#_ftnref1) "Performance Period" means the seven consecutive Financial
Years of which the first is the Financial Year ending 31 March 2022.
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