REG - easyJet PLC - Update on General Meeting arrangements

easyJetAnnouncement

15/05/2020 14:15

RNS Number : 0944N
  
easyJet PLC
  
15 May 2020
  
 

15 May 2020
easyJet plc
('easyJet' or the 'Company')
 
UPDATE ON GENERAL MEETING ARRANGEMENTS
Further to the announcement on 27 April 2020 relating to the general meeting of the Company (the "GM") to be held on Friday, 22 May 2020, the Company is today updating shareholders on the additional arrangements and facilities being made available for shareholders to participate in the GM. 
Video webcast, voting and conference call facilities 
The Company is pleased to be able to offer a facility for shareholders to watch a video webcast of the GM, to vote at the meeting and attend by conference call to ask questions in real time should they wish to do so. Details are set out below and further information is available on our microsite: http://corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2020.
To be able to watch the video webcast of the GM, to vote at the meeting and to obtain the conference call details, shareholders should download the Lumi AGM app ("App") onto their smartphone device or, alternatively, log onto the Lumi AGM website by visiting https://web.lumiagm.com ("Website"). 
Shareholders will be asked to enter a Meeting ID, which is 186-955-293, and will then be prompted to enter a unique username (Shareholder Reference Number ('SRN')) and password (the first two followed by the last two digits of your SRN). If you are not in receipt of your SRN please email proxyvotes@equiniti.com quoting your full name and registered address and you will be sent the required information.
Access to the meeting and conference call details via the App and Website will be available from 9.00 a.m. on 22 May 2020, although the voting functionality will not be enabled until the Chairman of the meeting declares the poll open and the telephone lines will only be activated 15 minutes prior to the GM start time. 
A video webcast of the meeting will be made available through the App and Website. If shareholders do not want to ask questions, but simply watch and listen to the GM instead, they can do so through the App or Website. However in order to speak at the GM and ask questions, shareholders will need to dial in to the conference call. 
Shareholders also remain able to submit questions to the Board in advance of the GM by emailing cosec@easyjet.com by no later than 10.00 a.m. on Wednesday, 20 May 2020. We will consider all questions received and, if appropriate, answer them at the GM and put responses on our website.
Given the UK Government's current guidance on social distancing and prohibition on non-essential travel and public gatherings in place, we regret that it remains the case that shareholders will not be able to attend the GM physically in person.
Duly appointed proxies and corporate representatives
Important: If your investment is not held in your name on the register of members (i.e. it is held in a broker account or by a custodian) it will be necessary for you to be appointed as a proxy or a corporate representative to attend, speak and vote at the General Meeting.  Details of how to do this are set out in the Notice of GM. Appointments must be made by 10.00 am on Wednesday, 20 May 2020.  Once a valid appointment has been made please contact the Company's registrar, Equiniti, before 9.00 a.m. on 21 May 2020 on 0371 384 2577 or +44 121 415 2796 if you are calling from outside the UK for your unique username and password. Lines are open 9.00 a.m. to 5.00 p.m. Monday to Friday (excluding public holidays in England & Wales). 
If the connection fails for any reason on the day, it may not be possible to vote remotely at the meeting and therefore we continue to urge shareholders to submit their votes by proxy before 10.00 a.m. on Wednesday, 20 May 2020 and to appoint the Chairman of the meeting as their proxy to ensure their votes are cast as they wish. Providing the technology is available on the day, shareholders may change their vote via the App or Website.
The Board would like to take this opportunity to thank all shareholders for their continued understanding. We fully acknowledge that these are unusual measures in exceptional circumstances, and we hope that our shareholders and other stakeholders understand the reasons for them. The Board will keep the situation under review and may need to make further changes to the arrangements relating to the GM, including how it is conducted, and shareholders should therefore continue to monitor the Company's website and announcements for any updates.  
The Notice of General Meeting and other documents related to the GM are available to view on the Company's website at http://corporate.easyjet.com/investors/shareholder-services/shareholder-meetings/gm-2020
 
A reminder of why shareholders should VOTE AGAINST the resolutions 
The Board continues to unanimously recommend that shareholders VOTE AGAINST the resolutions.
1.    The resolutions to remove the directors are designed to force the Company to terminate its Airbus Contract - this is not in the best interests of the Company or its shareholders as a whole and would expose the Company to significant financial and operational risk
2.    Removing four directors from the Board, including the Chairman, CEO and CFO, would be extremely damaging and destabilising at this critical time
3.    As a result of decisive and urgent action taken by the Board, the Company has sufficient liquidity for a prolonged grounding and to meet its existing obligations 
4.    The Airbus Contract has been central to the Board's successful strategy that has delivered >640% in Total Shareholder Returns from 14 November 2008 until the Covid-19 outbreak
5.    The Airbus Contract is vital to ongoing operations today and remains an integral part of the Company's future strategy 
6.    Liabilities triggered by an attempted unilateral termination of the contract without cause would be hugely detrimental (and seriously impact the Company's ability to operate as a low-cost airline)
 
In case of queries please contact easyJet plc:
Institutional investors and analysts:




Michael Barker


Investor Relations


+44 (0)7985 890 939




Holly Grainger


Investor Relations


+44 (0)7583 101 913




 


 


 




Media:


 


 




Anna Knowles


Corporate Communications


+44 (0)7985 873 313




Edward Simpkins


Finsbury


+44 (0)7947 740 551 / (0)207 251 3801




Dorothy Burwell


Finsbury


+44 (0)7733 294930/ (0)207 251 3801




 


 


 




 
LEI: 2138001S47XKWIB7TH90
 


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