Wizz Air Holdings PLC Posting of Class 1 Circular and Notice of GM (0932G)
July 14 2023 - 7:00AM
UK Regulatory
TIDMWIZZ
RNS Number : 0932G
Wizz Air Holdings PLC
14 July 2023
Wizz Air Holdings Plc
14 July 2023
Press Release
Wizz Air Holdings Plc
( the "Company" and, together with its subsidiaries, "Wizz
Air")
Posting of Class 1 Circular and Notice of General Meeting
Geneva, 14 July 2023 : Further to the Company's announcement on
14 September 2022 that it had exercised its option to acquire an
additional 75 A321neo aircraft from Airbus and its announcement on
11 July 2023 in respect of the 2023 AGM, the Company is pleased to
announce that a Circular relating to the Proposed Purchase, which
includes a notice of general meeting of shareholders (the "Class 1
General Meeting") and a form of proxy relating to the Class 1
General Meeting, has been posted to shareholders.
Given the size of the list price commitments for the Proposed
Purchase relative to the Company, the Proposed Purchase constitutes
a "class 1 transaction" under the Listing Rules of the FCA and
therefore completion of the Proposed Purchase is conditional upon
shareholder approval. Accordingly, the Class 1 General Meeting has
been convened for this purpose and will be held at 15:30 p.m.
(CEST) (or as soon thereafter, as the Company's 2023 annual general
meeting shall have been concluded or adjourned) on 2 August 2023,
at Crowne Plaza Geneva, Avenue Louis-Casai 75-77, 1216 Geneva,
Switzerland.
Shareholders who are Non-Qualifying Nationals were sent
Restricted Share Notices informing them of the number of Ordinary
Shares that will be treated as Restricted Shares and consequently
the number of Ordinary Shares in respect of which they shall be
entitled to exercise their voting rights at both the AGM and the
Class 1 General Meeting on 11 July 2023. More information on
disenfranchisement can be found on the Company's website at the
following location:
https://wizzair.com/en-gb/information-and-services/investor-relations/investors/brexit-q-a
.
The Circular has been submitted to the National Storage
Mechanism and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/nsm and on the Company's website at
http://corporate.wizzair.com/en-GB/ .
Defined terms :
Capitalised terms used in this announcement shall have the same
meaning as in the Company's Articles of Association and, where
applicable, the announcement made by the Company on 11 July
2023.
ABOUT WIZZ AIR
Wizz Air, the fastest growing European ultra-low-cost airline
and one of the most sustainable, currently operates a fleet of 182
Airbus A320 and A321 aircraft. A team of dedicated aviation
professionals delivers superior service and very low fares, making
Wizz Air the preferred choice of 51.1 million passengers in the
financial year F23 ending 31 March 2023. Wizz Air is listed on the
London Stock Exchange under the ticker WIZZ. The company was
recently named one of the world's top ten safest airlines by
airlineratings.com, the world's only safety and product rating
agency, and Airline of the Year by Air Transport World in 2020, as
well as Airline of the Year by Air Transport Awards in 2019 and
2023. Wizz Air has also been recognised as the "Most Sustainable
Low-Cost Airline" within the World Finance Sustainability Awards
2022 and the "Global Environmental Sustainability Airline Group of
the Year" by the CAPA-Centre for Aviation Awards for Excellence
2022.
- Ends -
For more information :
Investors:
Zlatko Custovic, Wizz Air: +36 1 777 9407
Media:
Tamara Vallois, Wizz Air: +36 1 777 9324
James McFarlane / Eleni Menikou, MHP Group: +44 (0) 20 3128
8100
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END
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