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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

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Share Price: 509.60
Bid: 508.60
Ask: 509.60
Change: -32.00 (-5.91%)
Spread: 1.00 (0.197%)
Open: 550.20
High: 556.40
Low: 503.00
Prev. Close: 541.60
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EasyJet founder calls for removal of non-executive director

Thu, 02nd Apr 2020 09:29

LONDON, April 2 (Reuters) - Stelios Haji-Ioannou, the
founder of easyJet, has called for a board meeting to
remove independent non-executive director Andreas Bierwirth.

The British budget airline said it had received the request
and was considering its response. "Shareholders are advised to
take no action at this time," it said.

EasyJet has been under pressure from its founder who asked
in a letter on Sunday for it to cancel or renegotiate a 4.5
billion pound ($5.6 billion) order for 107 Airbus planes because
the extra aircraft would destroy shareholder value.

Haji-Ioannou, who along with his family owns about a third
of easyJet's shares, has been a long-time critic of the
airline's plans, saying it was putting expansion before profit
growth.
($1 = 0.8071 pounds)
(Reporting by Kate Holton. Editing by Jane Merriman)

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