REG - Wizz Air Holdings - 2025 Annual General Meeting Update

Wizz Air HoldingsAnnouncement

30/01/2026 07:00

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RNS Number : 9772Q  Wizz Air Holdings PLC  30 January 2026

2025 Annual General Meeting Update

 

LSE: WIZZ

 

Geneva, 30 January 2026: At the Wizz Air Holdings Plc ("Wizz Air" or "the
Company") Annual General Meeting ("AGM") held on 24July 2025, all resolutions
proposed were approved by shareholders. One resolution, the Directors'
Remuneration Report ("DRR"), was supported by 73% of shareholders. Following
this vote, and in accordance with UK Corporate Governance Code, the Company
has reached out to shareholders to solicit their feedback on voting on the DRR
at the AGM.

 

As in the previous year, the board of Wizz Air ("Board") understands that some
shareholders felt the Remuneration Committee had not sufficiently addressed
concerns raised previously during the 2024 AGM vote on the Directors'
Remuneration Policy ("Policy"), which was approved by 65.58% of shareholders.
Prior to that vote, the Remuneration Committee consulted extensively to
explain why changes were necessary to retain and incentivize our CEO, József
Váradi, a priority reflected in the 99.71% vote for his re-election at the
2025 AGM. Although the Remuneration Committee respects the views of dissenting
shareholders, it is conscious that the AGM result reflects the divergence of
shareholder views (evidenced by the voting split on the Policy) regarding
quantum and incentive design and does not represent new or changed views from
previous consultations.

 

The Board also noted feedback regarding the partial payout of the Short-Term
Incentive Plan ("STIP") for F25. As outlined in the DRR, no payment was made
for financial performance. However, the Company was successful in executing a
major improvement in operational excellence during F25 (reflected in much
improved metrics in utilization, completion rate, and customer satisfaction).
As a result, the STIP formula awarded a partial payout (albeit below target)
which the Remuneration Committee considered fair and aligned with overall
performance.

 

The Board, through the Remuneration Committee, is committed to structuring
incentive arrangements that serve to support the business in retaining key
talent and delivering strong returns to shareholders, while remaining
conscious of the wider stakeholder experience and business performance.

 

The Board values the feedback and insight it gains through consultation with
shareholders and would like to thank all shareholders who engage with the
Company on such matters.

 

-Ends-

 

ABOUT WIZZ AIR

Wizz Air operates a fleet of 259 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 63.4 million passengers in our 2025
financial year. Wizz Air is listed on the London Stock Exchange under the
ticker WIZZ. Wizz Air has also been recognized as the "Most Sustainable
Low-Cost Airline" between 2021-2025 by World Finance Sustainability Awards. In
2025, Wizz Air topped the major airlines' emissions ranking, as presented by
Cirium, an aviation analytics company, thanks to its work reducing emissions
intensity. Most recently, it was awarded Sustainable Airline of the Year 2025
at the Airline Economics Sustainability Awards Gala in September 2025.

 For more information:

 Investors:  Mark Simpson, Wizz Air                                       investor.relations@wizzair.com (mailto:investor.relations@wizzair.com)

             Zlatko Custovic, Wizz Air

 Media:      Andras Rado, Wizz Air                                        communications@wizzair.com (mailto:communications@wizzair.com)

             James McFarlane / Eleni Menikou / Charles Hirst, MHP Group   wizz@mhpgroup.com (mailto:wizz@mhpgroup.com)

 

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