TIDMFLYB

RNS Number : 9134O

Flybe Group PLC

04 February 2019

FLYBE GROUP PLC

("Flybe" or the "Company")

4 February 2019

Response to Hosking Partners LLP

On 30 January 2019 the Company announced that a request received from Hosking Partners LLP ("Hosking") that the Company convene a general meeting was invalid and the Company had invited Hosking to procure that a valid request under section 303 be submitted.

Flybe confirms that it has now received a valid request dated 1 February 2019 under section 303 of the Companies Act 2006 to convene a general meeting to consider resolutions to appoint Mr Eric Kohn as a director of the Company and remove Mr Simon Laffin as a director of the Company.

Flybe has also received from nominees of Hosking a separate request, also dated 1 February 2019, seeking to direct the directors of the Company to appoint Mr Kohn to conduct an investigation. Flybe has again informed Hosking that this resolution would, if proposed, be ineffective as the Company's Articles of Association do not confer on members the necessary powers. Again, Flybe has also confirmed to Hosking, that, if appointed, a new director of the Company would enjoy the usual rights to information and freedoms of action enjoyed by all directors.

In accordance with the timetable provided for in the Companies Act, the Company will within 21 days from 1 February 2019 call a general meeting of shareholders to consider the resolutions to appoint Mr Eric Kohn and remove Mr Simon Laffin as directors of the Company and such general meeting will be held on a date not more than 28 days after the date of the notice convening the meeting.

The Board is writing today to Mr Kohn to invite him to meet with the Nomination Committee of the Board in accordance with its procedures applicable to the assessment of Board candidates. Following this meeting, in the circular to shareholders accompanying the notice of general meeting, the Board will make recommendations to shareholders in relation to the resolutions.

Enquiries:

 
 Maitland 
  Andy Donald           +44 (0)20 7379 
  Finlay Donaldson                5151

LEI Number: 5493005SC6523Y8KJF24

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END

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February 04, 2019 02:00 ET (07:00 GMT)

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