Wizz Air Holdings Plc
(the "Company" and together with its subsidiaries, "Wizz Air")
Posting of Class 1 Circular and Notice of General Meeting
Geneva, 25 July 2017: Further to the Company's announcement on 21 June 2017 of the entry into an agreement (the "Airbus Agreement") with Airbus S.A.S. ("Airbus") relating to the proposed purchase by Wizz Air of 10 Airbus A321ceo aircraft (the "Proposed Purchase"), Wizz Air is pleased to announce that a circular relating to the Proposed Purchase (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 list price commitments under the Airbus Agreement relative to the Company, the Proposed Purchase constitutes a 'class 1 transaction' under the Listing Rules of the UK Financial Conduct Authority and therefore the Airbus Agreement is conditional upon Wizz Air shareholder approval. Accordingly, the General Meeting has been convened for this purpose and will be held at 11 a.m. (CET) on 11 August 2017 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: http://www.morningstar.co.uk/uk/NSM and on the Company's website at http://corporate.wizzair.com/en-GB/
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About Wizz Air
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 84 Airbus A320 and Airbus A321 aircraft, and offers more than 500 routes from 28 bases, connecting 142 destinations across 43 countries. At Wizz Air, a team of approximately 3,300 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 23.8 million passengers in the financial year ended 31 March 2017. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. Wizz Air is registered under the International Air Transport Association (IATA), Operational Safety Audit (IOSA), the global benchmark in airline safety recognition. The company was recently named 2016 Value Airline of the Year by the editors of Air Transport World, one of the leading airline trade magazines, as well as 2016 Low Cost Airline of the Year by the Center for Aviation (CAPA), a leading provider of independent aviation market intelligence.
For more information: |
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Investors: |
Iain Wetherall, Wizz Air: |
+41 22 555 9873 |
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Balint Veres, Wizz Air: |
+36 1 777 9349 |
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Media: |
Tamara Vallois, Wizz Air: |
+36 1 777 9324 |
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Edward Bridges / Jonathan Neilan, FTI Consulting LLP: |
+44 20 3727 1017 |
