Source - RNS
RNS Number : 6481L
Flybe Group PLC
04 October 2016
 

Flybe Group Plc ("Flybe" or the "Company")

Share Scheme Awards

The Company has made awards to its employees pursuant to the share incentive scheme with the following grants to employees deemed to be Persons Discharging Management Responsibility. This gives the individuals detailed below the right to receive or acquire Ordinary Shares of 1p each in the capital of the Company ("Shares") as follows:

PDMR

Position

Number of Shares Awarded on 26th September

Luke Farajallah

Chief Operations Officer

17,299

Amy Valcik

Chief Sales and Marketing Officer

13,828

Vincent Hodder

Chief Revenue Officer

13,828

Catherine Ledger

General Counsel and Company Secretary

5,892

The number of Shares awarded was based upon a price of 51.42p.  Vesting of the shares is deferred for three years from 30 September 2016.

Long term Incentive Awards

Separately, in accordance with Disclosure and Transparency Rule 3.1.4R(1), Flybe announces that on 30 September 2016, awards over ordinary shares were made under the terms of Flybe Performance Share Plan as follows:

Director/ PDMR

Position

Number of Shares Awarded on 30th September

Saad Hammad

Chief Executive Officer

726,536

Philip de Klerk

Chief Financial Officer

487,206

Luke Farajallah

Chief Operations Officer

279,217

Amy Valcik

Chief Sales and Marketing Officer

239,329

Vincent Hodder

Chief Revenue Officer

239,329

Catherine Ledger

General Counsel and Company Secretary

148,156

Piers Robinson

Chief People Officer

145,251

The awards represent 1p par value options which, to the extent that the awards vest, provide for shares to be delivered to the individuals for 1p consideration per share.

The percentage of the shares that ultimately do vest is dependent on the satisfaction of performance criteria measured over a three-year performance period ending on 31 March 2019. Further details regarding this, including the vesting schedule, is set out on page 76 of the Company's 2015/16 Annual Report.

Catherine Ledger

Company Secretary

Flybe Group plc

 


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