REG-easyJet plc Publication of Circular and Notice of General Meeting

easyJetAnnouncement

27/06/2022 14:30

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easyJet plc (EZJ)
Publication of Circular and Notice of General Meeting

27-Jun-2022 / 14:15 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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27 June 2022

                                        easyJet plc

                                ('easyJet' or the 'Company')

 

                   Publication of Circular and Notice of General Meeting

Further to the announcement of  the proposed purchase of  56 Airbus A320neo family  aircraft
and conversion of 18 A320neo family aircraft  to 18 A321neo aircraft and related  amendments
on 21 June 2022  (the 'Proposed Purchase'),  the Board of easyJet  announces that a  general
meeting of the Company ('GM') will be held on Wednesday 20 July 2022 at 10.00 a.m. at Hangar
89, London Luton Airport, Luton LU2 9PF.

A circular relating to the Proposed Purchase,  including the Notice of GM (the  'Circular'),
has received approval from the Financial Conduct  Authority. A copy of the Circular will  be
posted to shareholders (other than  those shareholders who have  elected to receive, or  who
have been deemed to have elected  to receive, notification by electronic communication)  and
has been published on the Company's website at: 

https:// 1 corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2022

The Proposed Purchase constitutes a  Class 1 transaction under the  UK Listing Rules and  is
conditional upon shareholder approval being obtained at the GM.

The Board  considers that  the  resolution is  in  the best  interests  of the  Company  and
unanimously recommends shareholders vote for the resolution.

GM arrangements

The Company is offering facilities for shareholders to  attend and vote at the GM in  person
or electronically, should they wish to do so. Further  details are set out in Part 2 of  the
notes to the Notice of GM and a user guide to the electronic facilities is available on  the
website at:

https:// 2 corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2022

The Board strongly encourage shareholders to vote on the resolution in advance of the GM  by
completing an online proxy appointment form appointing the Chairman of the meeting as  their
proxy and to register any questions in advance. Further details are included in the notes to
the Notice of GM.

Shareholders are urged to submit  their votes by proxy before  10.00 a.m. on Monday 18  July
2022.

Documents

In connection with the  above, the following  documents are being posted  or have been  made
available to Shareholders today:

  • the Circular,  including  a letter  from  the  Chairman explaining  the  background  and
    rationale for the GM and the formal Notice of GM; and
  • Form of Proxy for the GM.

In accordance with Listing Rule 9.6.1 copies of the documents listed above have been
submitted to the National Storage Mechanism and will shortly be available for inspection
at  3 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Circular and other materials relating to the  GM are available to view on the  Company's
website at: 

https:// 4 corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2022

Disenfranchisement

As shareholders will  be aware, the  Board is  ensuring the Company  complies with  European
ownership and control  requirements by  exercising its powers  to suspend  voting rights  of
certain UK and non-EU  nationals.  For the  period  of  any such  suspension,  the  relevant
shareholders would  not  be entitled  to  attend, speak  or  vote at  shareholder  meetings,
including the GM, in respect of the  shares subject to the suspension.  Further  information
can be found on easyJet's website at:

 5 https://corporate.easyjet.com/investors/shareholder-services/eu-share-ownership.

As at 23 June 2022,  the level of ownership by  EU persons was 40.25%. Accordingly,  easyJet
has suspended  voting  rights in  respect  of certain  shares  ('Affected Shares')  held  by
Relevant Persons in accordance with easyJet's articles of association so that a majority  of
the voting rights in easyJet are held by EU Persons.

We would recommend that all shareholders vote in  advance of the GM, even in respect of  any
Affected Shares that they may hold. This  is because those shares may be re-enfranchised  in
advance of the GM.

Shareholders who own shares whose voting rights will be suspended (and therefore whose votes
will not be counted) at the  GM will receive a notice  (an "Affected Share Notice") by  post
from Equiniti, our Registrars, on or around 4 July 2022 notifying them of the suspension  of
voting rights in respect of their Affected Shares.

If a shareholder votes more  than its eligible holding (for  example, because some of  their
voting rights are suspended pursuant  to an Affected Share  Notice), Equiniti shall use  its
reasonable endeavours  to contact  the relevant  shareholder to  resolve any  discrepancies,
however, to the extent  Equiniti is unable  to resolve such discrepancies  by 10.00 a.m.  on
Monday, 18 July 2022,  Equiniti will scale  back the relevant shareholder's  votes on a  pro
rata basis so that such shareholder's votes do not exceed those it is entitled to vote.

Capitalised terms not otherwise defined in this announcement have the meanings given to them
in the Circular.

 

For further details please contact easyJet plc:

Institutional investors and analysts:

Michael Barker Investor Relations +44 (0)7985 890 939
Adrian Talbot  Investor Relations +44 (0)7971 592 373

 

Media:

Anna Knowles    Corporate Communications +44 (0)7985 873 313
Edward Simpkins FGS Global               +44 (0)7947 740 551 / (0)207 251 3801
Dorothy Burwell FGS Global               +44 (0)7733 294 930 / (0)207 251 3801

 

   

LEI: 2138001S47XKWIB7TH90

 

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   ISIN:           GB00B7KR2P84
   Category Code:  NOG
   TIDM:           EZJ
   LEI Code:       2138001S47XKWIB7TH90
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   170918
   EQS News ID:    1384631


    
   End of Announcement EQS News Service

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