Download Opt-Out form
Joined on or before 1 July 2024
Eligibility Date
Main
We’re rewarding our eligible employees with easyJet shares to say 'thank you' for their contribution throughout FY24 and to recognise another successful year. You may already be an easyJet shareholder, or perhaps you’ll become an easyJet shareholder for the first time as a result of being awarded Performance Shares. Either way, you'll find all the information you need here.
PERFORMANCE SHARE AWARD FY24
If you want to receive Performance Shares – you don’t need to do anything!
If for any reason you don’t want to accept your Performance Shares, you must tell us by Friday 28 March 2025 by downloading the Opt-Out form, completing it and emailing the completed form to SIPTaskTeam@equiniti.com. If you choose to opt-out you can’t change your mind.
PERFORMANCE SHARE AWARD FY24 International
If you want to receive Performance Shares – you don’t need to do anything!
If for any reason you don’t want to accept your Performance Shares, you must tell us by Friday 28 March 2025 by downloading the Opt-Out form, completing it and emailing the completed form to equinitiPremier1@equiniti.com. If you choose to opt-out you can’t change your mind.
what will i get
Free easyJet shares
You may receive regular dividends
A share in our future success
Performance shares
Performance Shares are awarded to eligible employees to say thank you for their contribution throughout FY24 and to recognise another successful year. They provide an easy way to become an easyJet shareholder and share in our future success. There is no cost to you for accepting Performance Shares. Receiving Performance Shares is simple, if you are eligible, you don’t need to do anything, you’ll automatically be included in this year’s award, unless you opt-out. If you don’t want Performance Shares, you must opt-out by 23:59 GMT on Friday 28 March 2025.
To be eligible for the award of Performance Shares you must have joined easyJet on or before 1 July 2024 and still be an employee on the award date (4 April 2025).
The number of shares you will receive is the equivalent of one week's basic salary as at 30 September 2024.
This is subject to:
- A minimum award of £600* or prorated as detailed below
- A maximum limit of £1,500* or prorated as detailed below
* The appropriate conversion for EU and Swiss employees will take place before the Performance Shares are awarded.
If during FY24 (1 October 2023 - 30 September 2024) you joined us on or before 1 July 2024 and your working hours changed or you were part-time, your basic salary for the purpose of the calculation of one week's basic salary will be pro-rated based on the hours you worked and/or your length of service within FY24.
The share price on the Award Date (4 April 2025). This will be confirmed to you in the confirmation email that will be sent by Equiniti Limited (EQ) w/c 14 April 2025.
Key dates
Friday 28 March 2025
Deadline to opt out
If you do not wish to receive Performance Shares, please download, complete and email the opt-out form by Friday 28 March (23.59 GMT).
Friday 4 April 2025
Performance Shares awarded
Monday 14 April 2025
Confirmation email
Information about your award, including how many shares you've been awarded, can be found on the ESP Portal or on the EQ Share Plans App.
How can I find about my award?
Via the Employee Share Plans ('ESP') Portal
If you've already registered, login using your employee details and password or register to create a new account.
Login or RegisterOR
OR
Download the EQ Share Plans app
Scan the QR code below to download the EQ Share Plans App or search for 'EQ Share Plans' in the 'App Store' or 'Play Store'.
App Store
Play Store
Download the EQ Share Plans app to log in and submit your instruction.
UK tax benefits
Shares can be left in the Plan after their three year anniversary and become free of all Income Tax and National Insurance contributions (NICs) after five years.
| This table shows the full UK tax benefits available if Performance Shares remain in the Plan trust to the end of the applicable holding period. | ||
| When you acquire the shares | When you take shares from the plan trust after the holding period* | |
|---|---|---|
| Performance shares | Award date No Income Tax or NICs payable. |
Fifth anniversary of the award date No Income Tax or NICs payable. No Capital Gains Tax (CGT) payable if you take shares out of the Plan trust and sell them immediately. |
| This table shows the UK tax payable on sales of shares awarded in 2025. | ||
| If you take shares from the Plan trust during the first three years | If you take shares from the Plan trust after the holding period* | |
|---|---|---|
| Performance shares | Before 5 April 2028 Shares cannot be withdrawn unless under specific extenuating circumstances, e.g. retirement. Forfeiture applies if you resign or are dismissed. |
Before 5 April 2030 Income tax and NICs are payable on the lower of the market value of the shares either at the award date (April 2025) or when you take them out of the Plan trust. |
*HM Revenue and Customs (HMRC) rules require that you keep your Performance Shares in the Plan for at least 3 years. Between 3 and 5 years you can sell your Performance Shares subject to income tax and National Insurance Contribution (NIC) charges. After 5 years you can sell your Performance Shares free from income tax and NIC charges. Should you wish to sell your shares after the relevant holding period (3 years), you can do so by submitting your instruction via the EQ Employee Share Plans (ESP) Portal or the EQ Share Plans App. If you leave easyJet by reason of resignation or dismissal within the 3-year holding period, your performance shares will be forfeited.
Participation in the easyJet Share Incentive Plan (the “Plan”) is subject to the Rules of the Plan. In the event of conflict between any information in this booklet and the Rules of the Plan or legislation, the Rules of the Plan or legislation will prevail. You can get a copy of the Rules from the Company Secretarial department. easyJet may amend the plan at any time, but will only do so in accordance with the Rules. Participation in, and the operation of, the Plan will not form part of or affect your contract of employment or your employment relationship, nor will it give you the right to continued employment. Participation in an award under the Plan does not indicate that you will participate, or be considered for participation, in any later award. Specific provisions are included in the Rules of the Plan under which you waive any claims to any compensation in respect of the plan when you leave employment. If you are in any doubt as to what action to take and/or the financial or taxation implications of any decisions you might make, you should seek independent professional advice. The ordinary shares in the Company are offered to you under this agreement by the Company in accordance with the terms of the “Plan”. You are being offered shares under the Plan as an added incentive and to encourage employee share ownership and so increase your interest in the success of easyJet. The maximum number of shares being offered under the Plan on any occasion will not exceed 10% of the issued ordinary share capital of the Company, currently approximately 40 million and the minimum number is nil, if no employees take up an offer. The shares to be used under any offer under the Plan will be existing shares.
Further information on the Company and some details of the rights attaching to the shares can be found in the Investor Relations section of the easyJet website at www.easyjet.com. Precise details of the rights attaching to ordinary shares are set out in the Company’s Articles of Association. If you would like a copy of the Articles of Association, please contact the Company Secretarial department. Certain information is provided in this document in order for an offer and any subsequent admission of shares to trading to fall within Article 4.1(e) and Article 4.2(f) of the Prospectus Directive (2003/71/EC) which exempt the Company from producing a prospectus under that directive.
