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Wizz Air Holdings (WIZZ)

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Friday 11 August, 2017

Wizz Air Holdings

Result of General Meeting

RNS Number : 7959N
Wizz Air Holdings PLC
11 August 2017
 

Wizz Air Shareholders Approve Proposed Purchase of 10 Airbus A321ceo Aircraft

Geneva, 11 August 2017: 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 10 Airbus A321ceo aircraft at a general meeting held at 11 a.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 10 Airbus A321ceo aircraft

52,403,386

99.96

22,222

0.04

52,425,608

72.30

188,022

 

*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 25 July 2017, 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 A321 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".

- Ends-

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 85 Airbus A320 and Airbus A321 aircraft, and offers more than 500 routes from 28 bases, connecting 142 destinations across 43 countries. At Wizz Air, a team of approximately 3,300 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 2016 Value Airline of the Year by the editors of Air Transport World, one of the leading airline trade magazines, as well as 2016 Low Cost Airline of the Year by the Center for Aviation (CAPA), a leading provider of independent aviation market intelligence.

 

 

For more information:




Investors:

Balint Veres, Wizz Air:

+36 1 777 9349




Media:

Tamara Vallois, Wizz Air:

+36 1 777 9324


Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1017

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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