Jet2 chairman sells £18m of shares, retains 19% stake

Leeds-based Jet2 said its executive chairman Philip Meeson sold two million shares at about £9.03 each, totalling £18.1 million.

In addition, The Philip Meeson 2019 Settlement, sold 500,000 shares at £9.03 each, totalling £4.5 million.

The Philip Meeson 2019 Settlement is a UK resident settlement of which Meeson is a trustee, but not a beneficiary, Jet2 said.

Following the transactions, Meeson holds a 19.24% stake in the firm and the The Philip Meeson 2019 Settlement holds a 2.10% stake.

Separately, Jet2 said director Mark Laurence bought 1.2 million senior unsecured unrated convertible bonds due 2026 on Thursday, at 85p each, for a total of GBP1.0 million.

Jet2 shares were trading up about 8% at £9.96.

Reporter: Heather Rydings

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