Wizz Air Holdings PLC Posting of Class 1 Circular and Notice of GM (0411M)
25 July 2017 - 9:56PM
UK Regulatory
TIDMWIZZ
RNS Number : 0411M
Wizz Air Holdings PLC
25 July 2017
Wizz Air Holdings Plc
(the "Company" and together with its subsidiaries, "Wizz
Air")
Posting of Class 1 Circular and Notice of General Meeting
Geneva, 25 July 2017: Further to the Company's announcement on
21 June 2017 of the entry into an agreement (the "Airbus
Agreement") with Airbus S.A.S. ("Airbus") relating to the proposed
purchase by Wizz Air of 10 Airbus A321ceo aircraft (the "Proposed
Purchase"), Wizz Air is pleased to announce that a circular
relating to the Proposed Purchase (the "Circular") which includes a
notice of a general meeting of shareholders (the "General Meeting")
and a form of proxy relating to the General Meeting has been posted
to shareholders.
Given the size of the list price commitments under the Airbus
Agreement relative to the Company, the Proposed Purchase
constitutes a 'class 1 transaction' under the Listing Rules of the
UK Financial Conduct Authority and therefore the Airbus Agreement
is conditional upon Wizz Air shareholder approval. Accordingly, the
General Meeting has been convened for this purpose and will be held
at 11 a.m. (CET) on 11 August 2017 at Wizz Air's offices at World
Trade Center 1, Geneva International Airport, 1215 Geneva 15,
Switzerland.
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/
- Ends-
About Wizz Air
Wizz Air is the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 84 Airbus A320 and Airbus A321
aircraft, and offers more than 500 routes from 28 bases, connecting
142 destinations across 43 countries. At Wizz Air, a team of
approximately 3,300 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 23.8 million passengers in the financial year ended 31
March 2017. Wizz Air is listed on the London Stock Exchange under
the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share
Indices. Wizz Air is registered under the International Air
Transport Association (IATA), Operational Safety Audit (IOSA), the
global benchmark in airline safety recognition. The company was
recently named 2016 Value Airline of the Year by the editors of Air
Transport World, one of the leading airline trade magazines, as
well as 2016 Low Cost Airline of the Year by the Center for
Aviation (CAPA), a leading provider of independent aviation market
intelligence.
For more information:
Investors: Iain Wetherall, Wizz Air: +41 22 555 9873
Balint Veres, Wizz Air: +36 1 777 9349
Media: Tamara Vallois, Wizz Air: +36 1 777 9324
Edward Bridges / Jonathan Neilan, FTI Consulting LLP: +44 20 3727 1017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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