Flybe Group PLC Notification of share awards (3187G)
05 August 2016 - 1:54AM
UK Regulatory
TIDMFLYB
RNS Number : 3187G
Flybe Group PLC
04 August 2016
Flybe Group plc (the "Company")
Notification of share awards
The Company announces that the Remuneration Committee has
granted the following deferred share bonus awards to the Executive
Directors in the form of ordinary shares in the Company. Vesting of
the shares is deferred for one year from 20th July, 2016. The
shares have been awarded through the Company's Employee Benefit
Trust at an average award price of 38p. The awards comprise 45% of
the Executive Directors' bonuses earned for 2015/2016 and are made
pursuant to the Company's Remuneration Policy and in accordance
with the recommendations set out in the Directors' Remuneration
Report, approved at the Company's recent AGM. The awards are:
Director Number of shares under
award
Saad Hammad, Chief Executive
Officer 614,173
Philip de Klerk, Chief
Financial Officer 270,405
When the awards vest, Mr Hammad's shareholding will increase to
901,695 shares and Mr de Klerk's to 390,655.
Enquiries:
Catherine Ledger
Company Secretary
Tel: 01392 268866
This information is provided by RNS
The company news service from the London Stock Exchange
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