TIDMEZJ
RNS Number : 0944N
easyJet PLC
15 May 2020
15 May 2020
easyJet plc
('easyJet' or the 'Company')
UPDATE ON GENERAL MEETING ARRANGEMENTS
Further to the announcement on 27 April 2020 relating to the
general meeting of the Company (the "GM") to be held on Friday, 22
May 2020, the Company is today updating shareholders on the
additional arrangements and facilities being made available for
shareholders to participate in the GM.
Video webcast, voting and conference call facilities
The Company is pleased to be able to offer a facility for
shareholders to watch a video webcast of the GM, to vote at the
meeting and attend by conference call to ask questions in real time
should they wish to do so. Details are set out below and further
information is available on our microsite:
http://corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2020
.
To be able to watch the video webcast of the GM, to vote at the
meeting and to obtain the conference call details, shareholders
should download the Lumi AGM app ("App") onto their smartphone
device or, alternatively,
log onto the Lumi AGM website by visiting https://web.lumiagm.com ("Website").
Shareholders will be asked to enter a Meeting ID, which is
186-955-293, and will then be prompted to enter a unique username
(Shareholder Reference Number ('SRN')) and password (the first two
followed by the last two digits of your SRN). If you are not in
receipt of your SRN please email proxyvotes@equiniti.com quoting
your full name and registered address and you will be sent the
required information.
Access to the meeting and conference call details via the App
and Website will be available from 9.00 a.m. on 22 May 2020,
although the voting functionality will not be enabled until the
Chairman of the meeting declares the poll open and the telephone
lines will only be activated 15 minutes prior to the GM start
time.
A video webcast of the meeting will be made available through
the App and Website. If shareholders do not want to ask questions,
but simply watch and listen to the GM instead, they can do so
through the App or Website. However in order to speak at the GM and
ask questions, shareholders will need to dial in to the conference
call.
Shareholders also remain able to submit questions to the Board
in advance of the GM by emailing cosec@easyjet.com by no later than
10.00 a.m. on Wednesday, 20 May 2020. We will consider all
questions received and, if appropriate, answer them at the GM and
put responses on our website.
Given the UK Government's current guidance on social distancing
and prohibition on non-essential travel and public gatherings in
place, we regret that it remains the case that shareholders will
not be able to attend the GM physically in person.
Duly appointed proxies and corporate representatives
Important: If your investment is not held in your name on the
register of members (i.e. it is held in a broker account or by a
custodian) it will be necessary for you to be appointed as a proxy
or a corporate representative to attend, speak and vote at the
General Meeting. Details of how to do this are set out in the
Notice of GM. Appointments must be made by 10.00 am on Wednesday,
20 May 2020. Once a valid appointment has been made please contact
the Company's registrar, Equiniti, before 9.00 a.m. on 21 May 2020
on 0371 384 2577 or +44 121 415 2796 if you are calling from
outside the UK for your unique username and password. Lines are
open 9.00 a.m. to 5.00 p.m. Monday to Friday (excluding public
holidays in England & Wales).
If the connection fails for any reason on the day, it may not be
possible to vote remotely at the meeting and therefore we continue
to urge shareholders to submit their votes by proxy before 10.00
a.m. on Wednesday, 20 May 2020 and to appoint the Chairman of the
meeting as their proxy to ensure their votes are cast as they wish.
Providing the technology is available on the day, shareholders may
change their vote via the App or Website.
The Board would like to take this opportunity to thank all
shareholders for their continued understanding. We fully
acknowledge that these are unusual measures in exceptional
circumstances, and we hope that our shareholders and other
stakeholders understand the reasons for them. The Board will keep
the situation under review and may need to make further changes to
the arrangements relating to the GM, including how it is conducted,
and shareholders should therefore continue to monitor the Company's
website and announcements for any updates.
The Notice of General Meeting and other documents related to the
GM are available to view on the Company's website at
http://corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2020
A reminder of why shareholders should VOTE AGAINST the
resolutions
The Board continues to unanimously recommend that shareholders
VOTE AGAINST the resolutions.
1. The resolutions to remove the directors are designed to force
the Company to terminate its Airbus Contract - this is not in the
best interests of the Company or its shareholders as a whole and
would expose the Company to significant financial and operational
risk
2. Removing four directors from the Board, including the
Chairman, CEO and CFO, would be extremely damaging and
destabilising at this critical time
3. As a result of decisive and urgent action taken by the Board,
the Company has sufficient liquidity for a prolonged grounding and
to meet its existing obligations
4. The Airbus Contract has been central to the Board's
successful strategy that has delivered >640% in Total
Shareholder Returns from 14 November 2008 until the Covid-19
outbreak
5. The Airbus Contract is vital to ongoing operations today and
remains an integral part of the Company's future strategy
6. Liabilities triggered by an attempted unilateral termination
of the contract without cause would be hugely detrimental (and
seriously impact the Company's ability to operate as a low-cost
airline)
In case of queries please contact easyJet plc:
Institutional investors and analysts:
Michael Barker Investor Relations +44 (0)7985 890 939
Holly Grainger Investor Relations +44 (0)7583 101 913
Media:
Anna Knowles Corporate Communications +44 (0)7985 873 313
+44 (0)7947 740 551 / (0)207
Edward Simpkins Finsbury 251 3801
+44 (0)7733 294930/ (0)207
Dorothy Burwell Finsbury 251 3801
LEI: 2138001S47XKWIB7TH90
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END
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