Wizz Air Holdings PLC Issue of Restricted Share Notices (8176I)
September 02 2016 - 3:38AM
UK Regulatory
TIDMWIZZ
RNS Number : 8176I
Wizz Air Holdings PLC
02 September 2016
2 September 2016
Wizz Air Holdings Plc
Issue of Restricted Share Notices
Further to the announcement made by Wizz Air Holdings Plc (the
"Company") on 25 August 2016, as at 24 August 2016 the share
register of the Company shows that the ownership of the Company's
ordinary shares of GBP0.0001 each ("Ordinary Shares") by
Non-Qualifying Nationals is now in excess of 49 per cent., which is
the maximum permitted level of Ordinary Share ownership by
Non-Qualifying Nationals set by the Company's Board of Directors
(the "Permitted Maximum").
Accordingly, pursuant to the Company's articles of association
(the "Articles"), the Company's Board of Directors has resolved to
take the following actions:
1. To treat as "Restricted Shares" those Ordinary Shares in
respect of which no declaration as to whether or not a
Non-Qualifying National has a direct or indirect interest in such
Ordinary Shares has been made and where the Company has issued
notices in accordance with the Articles requesting details of those
persons having an interest in the relevant Ordinary Shares and/or
evidence that no Non-Qualifying National has a direct or indirect
interest in such Ordinary Shares, and the requested information is
not provided within 14 days of such request having been made, and
to issue restricted share notices in respect of such Ordinary
Shares.
2. That any purchase of Ordinary Shares by a Non-Qualifying
National with immediate effect will result in such Ordinary Shares
being treated as "Restricted Shares" and the issue of a restricted
share notice to such Non-Qualifying National purchaser.
Such restricted share notices will specify that (i) the
registered holder of such Ordinary Shares shall not be entitled, in
respect of such Ordinary Shares, to attend or to speak at any
general meeting of the Company or any meeting of the holders of any
class of Ordinary Shares or to vote at any such meeting and (ii)
the persons on whom the restricted share notices are served are
required to dispose of such Ordinary Shares to a Qualifying
National within twenty one days of receipt of the restricted share
notice. In the event that the relevant Ordinary Shares are not sold
to a Qualifying National within the time period specified in a
restricted share notice, the Company can take legal action to
compel a sale.
As a result, Non-Qualifying Nationals are effectively barred
from purchasing Ordinary Shares for as long as these restrictions
remain in place. There can be no assurance as to when, or if, these
restrictions will be lifted.
In accordance with the Articles, notice of these resolutions
will be published in The Times on 3 September 2016, together with
the other details required by the Articles.
The definitions of Qualifying National and Non-Qualifying
National are repeated below:
- a "Qualifying National" includes: (i) EEA nationals, (ii)
nationals of Switzerland and (iii) in respect of any undertaking,
an undertaking which satisfies the conditions as to nationality of
ownership and control of undertakings granted an operating licence
contained in Article 4(f) of the EU Air Services Regulation, as
such conditions may be amended, varied, supplemented or replaced
from time to time, or as provided for in any agreement between the
EU and any third country (whether or not such undertaking is itself
granted an operating licence); and
- a "Non-Qualifying National" includes any person who is not a
Qualifying National in accordance with the definition below.
ABOUT WIZZ AIR
Wizz Air is the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 71 Airbus A320 and Airbus A321
aircraft, and offers more than 450 routes from 25 bases, connecting
124 destinations across 38 countries. At Wizz Air, a team of
approximately 2,800 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 20 million passengers in the financial year ended 31
March 2016. 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.
For more information:
+41 22 555
Investors: Iain Wetherall, Wizz Air: 9873
+36 1 777
Balint Veres, Wizz Air: 9349
+36 70 777
Media: Tamara Vallois, Wizz Air: 9324
Edward Bridges / Jonathan Neilan, +44 20 3727
FTI Consulting LLP: 1017
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLTMPTMBJMMRF
(END) Dow Jones Newswires
September 02, 2016 04:38 ET (08:38 GMT)
Wizz Air (LSE:WIZZ)
Historical Stock Chart
From Apr 2024 to May 2024
Wizz Air (LSE:WIZZ)
Historical Stock Chart
From May 2023 to May 2024