Wizz Air Holdings PLC Removal of Restricted Share Notices (6656O)
November 08 2016 - 10:33AM
UK Regulatory
TIDMWIZZ
RNS Number : 6656O
Wizz Air Holdings PLC
08 November 2016
8 November 2016
Wizz Air Holdings Plc
Removal of Restricted Share Notices
Further to the announcement made by Wizz Air Holdings Plc (the
"Company") on 2 September 2016, the share register of the Company
as at 25 October 2016 shows that the ownership of the Company's
ordinary shares of GBP0.0001 each ("Ordinary Shares") by
Non-Qualifying Nationals has now fallen below 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, the Company's Board of Directors has resolved to
remove the restrictions outlined in the announcement of 2 September
2016. As a result, Non-Qualifying Nationals are no longer
effectively barred from purchasing Ordinary Shares.
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 73 Airbus A320 and Airbus A321
aircraft, and offers more than 450 routes from 26 bases, connecting
130 destinations across 38 countries. At Wizz Air, a team of
approximately 3,000 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, 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:
+41 22 555
Investors: Iain Wetherall, Wizz Air: 9873
+36 1 777
Balint Veres, Wizz Air: 9349
+36 1 777
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
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