LONDON, June 30 (Reuters) - British low-cost airline easyJet
said in a regulatory filing on Tuesday that the
Haji-Ioannou family now hold under 30% of the company.
Stelios Haji-Ioannou founded easyJet, and along with family
members remains its biggest shareholder, but he has been
critical of its strategy. Earlier this year he sought to oust
its CEO, chairman and others as he objected to their handling of
the coronavirus pandemic.
Last week easyJet raised about 419 million pounds ($514
million) through a share placing to help bolster its finances.
"As a result of the non-pre-emptive placing announced on 24
June 2020, the Haji-Ioannou concert party no longer holds 30% or
more of the issued share capital of the company," easyJet said
in a statement.
As such, easyJet said an agreement between it and easyGroup,
Haji-Ioannou's vehicle, drawn up under controlling shareholder
rules, had been terminated.
A separate filing showed that the Haji-Ioannou family now
owns 29.99% of easyJet down from the about 33% it used to own.
That holding could fall further should the conditional element
of the placing be approved by investors on 14 July.
($1 = 0.8153 pounds)
(Reporting by Sarah Young; editing by Kate Holton)
easyJet (EZJ)