REG - Wizz Air Holdings - Wizz Air Omnibus Plan Award Grants

Wizz Air HoldingsAnnouncement

05/09/2024 13:00

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RNS Number : 1098D  Wizz Air Holdings PLC  05 September 2024

Wizz Air Holdings Plc

Wizz Air Omnibus Plan Award Grants

Geneva, 5 September 2024 - Wizz Air Holdings Plc ("Wizz Air" or the
"Company"), one of the most sustainable European airlines, announces the
amendment of awards under the Omnibus Share Plan ("Omnibus Plan") to a person
discharging management responsibilities ("PDMR").

 

On 30 July 2024, following approval by the Company's remuneration committee,
Wizz Air made the following amendment to a SLGP Award granted on 21 September
2023 under the Omnibus Plan as Senior Leadership Growth Plan awards:

-     Reducing the number of ordinary shares under SLGP Award of Silvia
Mosquera by 2,376 due to position change. The new total number of shares under
the award of the PDMR is 11,879.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Silvia Mosquera
 2.  Reason for the notification
 a)  Position / status                                            Commercial Officer
 b)  Initial notification / amendment                             Amendment
 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               11,879
 e)  Aggregated information

     ·      Aggregated volume                                     11,879

     ·      Price                                                 NIL
 f)  Date of the transaction                                      21 September 2023
 g)  Date of the amendment                                        30 July 2024
 h)  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 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  (#_ftn1) . 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 rues, 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.

 

- Ends -

 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 2021-2023
 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:      Andras Rado, 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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