Result of EGM

RNS Number : 3531D

Wizz Air Holdings PLC

30 January 2018

 

Wizz Air Shareholders Approve Proposed Purchase of 146 Airbus A320neo Family Aircraft

Geneva, 30 January 2018: Wizz Air Holdings Plc (the "Company" and, together with its subsidiaries, "Wizz Air"), the largest low-cost airline in Central and Eastern Europe, announces that the Company's shareholders today approved the proposed purchase of 146 Airbus A320neo family aircraft at a general meeting held at 1 p.m. (CET) at the offices of the Company in Geneva, Switzerland.

Details of the number of shares voted in person or by proxy is set out below:

Resolution	Votes FOR	%	Votes AGAINST	%	Total Votes	% of Issued Share Capital Voted	Votes Withheld*
Proposed purchase of 146 Airbus A320neo family aircraft	53,534,186	100.00	240	0.00	53,534,426	73.63%	150,040

*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 a circular posted to shareholders on 12 January 2018, which is available at: http://www.morningstar.co.uk/uk/NSM and on the Company's website at http://corporate.wizzair.com/en-GB/ 

A copy of the resolution passed at the meeting is being submitted to the National Storage Mechanism and will be available at: http://www.morningstar.co.uk/uk/NSM.

József Váradi, Wizz Air Chief Executive said:

"We are delighted to confirm the approval of our shareholders of this important transaction. The new A320neo family aircraft will continue to feed into our ultra-low cost base through double digit cost savings, giving us a clear cost advantage over our competitors. Our continued investment in our growing fleet means that Wizz Air is best placed to respond to the significant growth opportunities in the CEE and in turn create value for our shareholders".

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ABOUT WIZZ AIR

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 88 Airbus A320 and Airbus A321 aircraft, and offers more than 550 routes from 28 bases, connecting 145 destinations across 44 countries. At Wizz Air, a team of more than 3,500 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 2017 - European Airline of the Year by Aviation 100, a renown annual publication that recognizes the year's most outstanding performers in the aerospace industry.

For more information:
Investors:	Balint Veres, Wizz Air:	[phone]
Media:	Sorina Ratz, Wizz Air:	[phone]
	Edward Bridges / Jonathan Neilan, FTI Consulting LLP:	[phone]

 

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