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Posting of Shareholder Circular

22 Feb 2019 17:00

RNS Number : 9092Q
Flybe Group PLC
22 February 2019
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

 

FOR IMMEDIATE RELEASE

 

 

 

Flybe Group plc

Posting of Shareholder Circular

 

 

Flybe Group plc (the "Company") announced on 4 February 2019 that it had received a valid request under section 303 of the Companies Act 2006 to convene a general meeting to consider resolutions to appoint Mr Eric Kohn as a director of the Company and remove Mr Simon Laffin as a director of the Company.

 

In accordance with the statutory timetable, the Company has today posted a circular to shareholders making recommendations to shareholders in relation to the proposed resolutions. The circular includes a notice of the requisitioned general meeting, which has been convened for 11.00 am on Friday 22 March 2019 in accordance with the statutory timetable.

 

The Company's Nomination Committee having met with Mr Eric Kohn in accordance with its procedures applicable to the assessment of board candidates, the board has been unable to confirm his independence from Hosking Partners. The Company now has no operating subsidiaries and, if the scheme of arrangement through which the offer by Connect Airways Limited for the Company is being made does not become effective, the board intends to wind-up the Company once its affairs are settled. The directors do not believe therefore that Mr Eric Kohn will add to the board's decision-making or efficient running. Accordingly, the board believes that the resolution to appoint Mr Eric Kohn as a director of the Company is not in the best interests of the Company or its shareholders as a whole and unanimously recommends that shareholders vote against the resolution to appoint Mr Eric Kohn at the requisitioned general meeting, as each member of the board intends to do in respect of his or her own beneficial shareholdings.

 

The board remains fully supportive of Mr Simon Laffin as both Chairman and a director and believe that he has dedicated himself tirelessly to leading the board through a very difficult period. The independent directors believe that the resolution to remove Mr Simon Laffin as a director of the Company is not in the best interests of the Company or its shareholders as a whole and unanimously recommend that you vote against the resolution to remove Mr Simon Laffin at the requisitioned general meeting, as they each intend to do in respect of his or her own beneficial shareholdings.

 

 

 

Enquiries:

 

Maitland/AMO

Andy Donald

Finlay Donaldson

 

+44 (0)20 7379 5151

 

 

LEI Number: 5493005SC6523Y8KJF24

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Date   Source Headline
11th Mar 201910:44 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
11th Mar 20199:48 amRNSScheme effective & intended adjournment of Meeting
8th Mar 201912:46 pmRNSCourt Approval of Scheme
8th Mar 201910:43 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
8th Mar 20199:21 amRNSForm 8.5 (EPT/RI)
7th Mar 201910:55 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
7th Mar 20198:45 amRNSForm 8.5 (EPT/RI)
6th Mar 20199:32 amRNSForm 8.5 (EPT/RI)
5th Mar 201910:32 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
5th Mar 20199:01 amRNSForm 8.5 (EPT/RI)
4th Mar 20193:39 pmRNSShareholders Approve Connect Airways Acquisition
4th Mar 201910:52 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
4th Mar 20199:25 amRNSForm 8.5 (EPT/RI)
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1st Mar 201911:23 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
1st Mar 20199:33 amRNSForm 8.5 (EPT/RI)
28th Feb 201912:26 pmRNSForm 8.5 (EPT/RI) - Replacement
28th Feb 201910:35 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
28th Feb 20198:24 amRNSForm 8.5 (EPT/RI)
27th Feb 20199:29 amRNSForm 8.5 (EPT/RI)
26th Feb 20194:40 pmRNSSecond Price Monitoring Extn
26th Feb 20194:35 pmRNSPrice Monitoring Extension
26th Feb 201910:44 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
26th Feb 201910:26 amRNSForm 8.5 (EPT/RI)
25th Feb 201911:38 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
25th Feb 20199:26 amRNSForm 8.5 (EPT/RI)
25th Feb 20198:18 amRNSForm 8.5 (EPT/RI) - Flybe Group Plc
22nd Feb 20195:00 pmRNSPosting of Shareholder Circular
22nd Feb 20194:41 pmRNSSecond Price Monitoring Extn
22nd Feb 20194:35 pmRNSPrice Monitoring Extension
22nd Feb 201911:40 amRNSForm 8.5 (EPT/RI)
22nd Feb 201910:48 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
22nd Feb 20197:00 amRNSCompletion of Sale of Flybe Ltd and Flybe.com Ltd
21st Feb 201910:21 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
21st Feb 20198:45 amRNSForm 8.5 (EPT/RI)
20th Feb 201911:35 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
20th Feb 20199:19 amRNSForm 8.5 (EPT/RI)
20th Feb 20197:00 amRNSStatement regarding media speculation.
19th Feb 20192:43 pmRNSForm 8.3 - FLYBE Group PLC
19th Feb 201912:02 pmRNSPrice Monitoring Extension
19th Feb 201911:57 amRNSForm 8.5 (EPT/RI)
19th Feb 201910:50 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
18th Feb 201912:07 pmRNSSecond Price Monitoring Extn
18th Feb 201912:02 pmRNSPrice Monitoring Extension
18th Feb 201910:42 amBUSFORM 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
18th Feb 20198:55 amRNSForm 8.5 (EPT/RI)
15th Feb 20194:35 pmRNSPrice Monitoring Extension
15th Feb 201910:18 amRNSForm 8.5 (EPT/RI)
15th Feb 201910:04 amBUSForm 8.5 (EPT/NON-RI) - FLYBE GROUP PLC
14th Feb 20191:09 pmRNSForm 8.3 - FLYBE Group PLC

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