Wizz Air Holdings PLC Posting of Circular and Notice of General Meeting (7911B)
January 12 2018 - 10:35AM
UK Regulatory
TIDMWIZZ
RNS Number : 7911B
Wizz Air Holdings PLC
12 January 2018
Wizz Air Holdings Plc
(the "Company" and, together with its subsidiaries, "Wizz
Air")
Posting of Class 1 Circular and Notice of General Meeting
Geneva, 12 January 2018: Further to the Company's announcement
on 29 December 2017 of the signing of documentation (the "New
Airbus Agreement") with Airbus S.A.S. ("Airbus") which, amongst
other things, relates to the proposed purchase by Wizz Air of 146
Airbus A320neo Family 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 New
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 completion of the New
Airbus Agreement is conditional upon Wizz Air shareholder approval.
Accordingly, the General Meeting has been convened for this purpose
and will be held at 1:00 p.m. (CET) on 30 January 2018 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 88 Airbus A320 and Airbus A321
aircraft, and offers more than 550 routes from 28 bases, connecting
145 destinations across 44 countries. At Wizz Air, a team of
approximately 3,500 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 28.2 million passengers in 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 2017 - European
Airline of the Year by Aviation 100, a renown annual publication
that recognizes the year's most outstanding performers in the
aerospace industry.
For more information:
Investors: Balint Veres, Wizz Air: +36 1 777 9349
Media: Sorina Ratz, Wizz Air: +36 1 777 9376
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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