Wizz Air Holdings Plc

Wizz Air Omnibus Plan award grants

Geneva, 6 February 2025 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the granting of award under the Omnibus Share Plan ("Omnibus Plan") to a person discharging management responsibilities ("PDMRs").

On 31 January 2025, 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 Award ("SLGP Award"), over 4,752 ordinary shares in the capital of Wizz Air of £0.0001 par value (identification code JE00BN574F90) to PDMR as set out below.

The following PDMR was granted SLGP Award:

- Ends -

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]. 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 rules, 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.