Last checked at 15 Oct 2015 13:08
Wizz Air Holdings Plc
('Wizz Air' or the 'Company')
Posting of Class 1 Circular and Notice of General Meeting
Geneva, 15 October 2015: Further to the Company's announcements on 18 June 2015 of the entry into a memorandum of understanding with Airbus S.A.S. ("Airbus") relating to the proposed acquisition by Wizz Air of 110 Airbus A321neo aircraft (the "Proposed Acquisition") and on 11 September 2015 of the entry into a purchase agreement with Airbus relating to the Proposed Acquisition (the "New Airbus Agreement"), Wizz Air is pleased to announce that a circular relating to the Acquisition (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 commitments under the New Airbus Agreement relative to the Company, the Proposed Acquisition constitutes a "class 1 transaction" under the Listing Rules of the UK Financial Conduct Authority and therefore entry into 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 13.00 (CET) on 3 November 2015 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: www.Hemscott.com/nsm.do and on the Company's website at http://corporate.wizzair.com/en-GB/investor_relations/A321_order/Class_1_Circular
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ABOUT WIZZ AIR
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 63 Airbus A320 aircraft and offers more than 390 routes from 22 bases, connecting 112 destinations across 38 countries. At Wizz Air, a team of approximately 2,300 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 16.5 million passengers in the financial year ended 31 March 2015. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ.L and is included in the FTSE 250 and FTSE All-Share Indices.
For more information: | ||
Investors: | Iain Wetherall, Wizz Air: | +41 22 555 9873 |
Media: | Doug Oliver, Wizz Air: | +36 70 777 9342 |
Edward Bridges / Jonathan Neilan, FTI Consulting LLP: | +44 20 37271017 | |