Last checked at 22 May 2020 12:12
22 May 2020
easyJet plc
(the "Company")
Results of General Meeting
The Company announces the voting results of the General Meeting ("GM") held earlier today at Hangar 89, London Luton Airport, Luton LU2 9PF.
The GM was convened to consider the resolutions proposed at the direction of Sir Stelios Haji-Ioannou ("SHI") to remove as directors of the Company the Chairman, John Barton; the CEO, Johan Lundgren; the CFO, Andrew Findlay and Independent Non-Executive Director, Andreas Bierwirth. The Board had unanimously recommended that shareholders vote against these resolutions.
All four resolutions were defeated, with over 99% of votes cast by independent shareholders1 being in support of the Board. easyJet Chairman, John Barton, said:
"On behalf of the Board I would like to thank shareholders for their support. The airline industry is facing unprecedented challenges and the Board's immediate priority has been to take the necessary steps to successfully guide easyJet through this period of uncertainty. We are relentlessly focused on cash conservation and ensuring that easyJet emerges from the Covid-19 crisis in a strong competitive position. The Board seeks good relationships with all of the Company's shareholders and hopes to be able to re-engage constructively with Sir Stelios."
The polling results for each resolution are set out below:
Resolution | Votes For | % | Votes Against | % | Total Votes | Total % of ISC Voted2 | Votes Withheld3 |
1. To remove Robert John Orr Barton as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect. | 133,289,072 | 42.41 | 180,993,651 | 57.59 | 314,282,723 | 79.12% | 180,224 |
2. To remove Johan Peter Lundgren as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect. | 133,329,344 | 42.42 | 180,969,310 | 57.58 | 314,298,654 | 79.13% | 166,420 |
3. To remove Andrew Robert Findlay as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect. | 133,176,672 | 42.38 | 181,090,793 | 57.62 | 314,267,465 | 79.12% | 193,294 |
4. To remove Andreas Bierwirth as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect. | 133,232,693 | 42.40 | 181,029,998 | 57.60 | 314,262,691 | 79.12% | 195,407 |
Notes:
1. Independent shareholders exclude the 132,401,427 shares held by or on behalf of the Haji-Ioannou family concert party
2. Based on total issued share capital of 397,208,133 Ordinary shares
3. A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution
The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 397,208,133.
In case of queries please contact:
Michael Barker, Investor Relations | 07985 890939 |
Anna Knowles, Corporate Communications | 07985 873313 |
Dorothy Burwell/Ed Simpkins, Finsbury | 07733 294930 / 07947 740551 |
LEI: 2138001S47XKWIB7TH90