REG - Wizz Air Holdings - Result of General Meeting

Wizz Air HoldingsAnnouncement

02/08/2023 16:45

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RNS Number : 1158I  Wizz Air Holdings PLC  02 August 2023

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  18,229,812  100.00  85             0.00  18,229,896                              17.64                            77
             an additional 75 Airbus A321neo aircraft and matters related thereto.

 

*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
(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
(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
(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."

 

- Ends -

 

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 (http://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.

 

- Ends -

 

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

 

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