Wizz Air Holdings Plc
Wizz Air Omnibus Plan award grant
Geneva, 3 October 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting of awards under the omnibus share plan ("Omnibus Plan) to a person discharging management responsibilities ("PDMR").
As proposed to and subsequently approved by shareholders at the Company's AGM on 25th September 2024, changes to the Directors' Remuneration Policy and Omnibus Plan rules have been implemented to allow the Company's Chief Executive Officer, József Váradi, to be granted LTIP awards under the Omnibus Plan.
On 25 September 2024, following approval by the Company's Remuneration Committee, Wizz Air made a grant of options under the Omnibus Plan in relation to Long -Term Incentive Plan ("LTIP"), over 133,957 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) ("LTIP Award") to PDMR as set out below.
The following PDMR was granted LTIP Award of Options:
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | József Váradi | |||
2. | Reason for the notification | ||||
| a) | Position / status | Chief Executive 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 Options | |||
| c) | Currency | British Pounds | |||
| d) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| | NIL | 133,957 (Restricted Stock Award) | | ||
| e) | Aggregated information · Aggregated volume · Price |
133,957 NIL | |||
| f) | Date of the transaction | 1 October 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 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: | communications@wizzair.com |
| | James McFarlane / Eleni Menikou/ Charles Hirst, MHP Group: | +44 (0) 20 3128 8100 |
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