Last checked at 2 Aug 2023 16:41
Wizz Air Holdings Plc
2 August 2023
Wizz Air Holdings Plc
RESULT OF GENERAL MEETING
THE PROPOSED PURCHASE OF 75 AIRBUS A321 NEO AIRCRAFT RECEIVES OVERWHELMING SUPPORT FROM SHAREHOLDERS
Geneva, 2 August 2023: Wizz Air Holdings Plc ("Wizz Air" or the "Company"), announces that at its general meeting (the "GM") held earlier today, the ordinary resolution was duly passed. The resolution was decided by a poll. Further details of the resolution are contained in the notice of GM which is contained in the circular to shareholders dated 14 July 2023 (the "Circular").
The total voting rights of the Company as at 3.30 p.m. (CEST) on 31 July 2023, being the time at which shareholders had to be on the Company's shareholder register in order to be eligible to vote, was 103,332,880.
Prior to applying the proportionate disenfranchisement described below, a total of 88,551,316 votes were cast in relation to the resolution, representing approximately 85.69% of the issued share capital. Of all votes cast, 88,549,790 were votes in favour of the resolution and 894 were votes against the resolution.
Restricted Share Notices (as defined in the Circular) were issued to shareholders who are Non-Qualifying Nationals (as defined in the articles of association of the Company) on 11 July 2023. The result of the poll set out below reflects the proportionate disenfranchisement of Non-Qualifying Nationals as set out in the Circular and the Restricted Share Notices.
The result of the poll, incorporating proxy votes lodged in advance of the GM, can be found below.
Ordinary Resolution | Votes For* | % | Votes Against | % | Total Votes (Excluding Votes Withheld) | % of Issued Share Capital Voted | Votes Withheld** | |
1 | To approve the Proposed Purchase (as defined and described in the Circular) of an additional 75 Airbus A321neo aircraft and matters related thereto. | 18,229,812 | 100.00 | 85 | 0.00 | 18,229,896 | 17.64 | 77 |
*Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.
Details of the Proposed Purchase were set out in the Circular, which was posted to shareholders on 14 July 2023, and which is available on the National Storage Mechanism and on the Company's website at: https://wizzair.com/en-gb/information-and-services/investor-relations/investors/general-meetings.
The results of the GM will also be made available on the Company's website: https://wizzair.com/en-gb/information-and-services/investor-relations/investors/general-meetings. A copy of the resolution passed at the meeting is being submitted to the National Storage Mechanism and will be available at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board is pleased that the resolution received strong shareholder support. The Board appreciates the time taken by shareholders to engage with the Company in recent months.
Commenting on the result József Váradi, CEO of Wizz Air said: "With today's announcement, Wizz Air further reinforces its position as the largest A321 neo Family operator in Europe and the Middle East. More than half of our fleet has already been converted to the cutting-edge neo technology. The unparalleled economic efficiency and remarkably low carbon footprint of the A321neo aircraft underpin our commitment to provide affordable and sustainable travel options for our customers. We have enjoyed a longstanding strategic partnership with Airbus and are steadfast in our commitment to this exceptional technology with one of the largest outstanding order books in the world of more than 350 neo aircraft."
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ABOUT WIZZ AIR
Wizz Air, the fastest growing European ultra-low-cost airline, operates a fleet of 185 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 51.1 million passengers in the Financial Year F23 ending 31 March 2023. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and named Airline of the Year by Air Transport Awards in 2019 and in 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards in 2021-2023 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022.
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For more information:
Investors:
Zlatko Custovic, Wizz Air: +36 1 777 9407
Media:
Tamara Vallois, Wizz Air: +36 70 777 9324
James McFarlane / Eleni Menikou, MHP Group: +44 (0) 20 3128 8100