Wizz Air Holdings PLC Share Conversion Notice (2351C)
06 Febrero 2020 - 7:16AM
UK Regulatory
TIDMWIZZ
RNS Number : 2351C
Wizz Air Holdings PLC
06 February 2020
Wizz Air Holdings Plc
SHARE CONVERSION NOTICE
Ticker: WIZZ
Geneva, 6 February 2020: Wizz Air Holdings plc ("Wizz Air" or
the "Company") has been informed that Indigo Hungary LP and Indigo
Maple Hill, L.P. (together "Indigo") have elected to convert
9,560,406 and 2,892,894 convertible shares of GBP0.0001 each in the
capital of the Company ("Convertible Shares") into ordinary shares
of GBP0.0001 each in the capital of the Company ("Ordinary
Shares"), respectively, in accordance with the Company's articles
of association (the "Conversion").
The Conversion will take effect on 3 March 2020. The effect of
the Conversion will be to increase the number of Ordinary Shares in
issue from 72,941,840 to 85,395,140. Each Ordinary Share carries
one voting right per Ordinary Share. The Convertible Shares do not
carry voting rights, save in very limited circumstances.
The Company will release a total voting rights and share capital
announcement on 3 March 2020 reflecting the Conversion. The share
restrictions announced on 17 April 2018 remain in place during this
Conversion process and the Board will revisit the need for these
restrictions after the Conversion date.
Applications will be made for admission of the Ordinary Shares
resulting from the Conversion to the premium segment of the
Official List of the Financial Conduct Authority and to trading on
the main market of the London Stock Exchange. A further
announcement in this regard will be made in due course.
ABOUT WIZZ AIR
Wizz Air, the largest low-cost airline in Central and Eastern
Europe, offers more than 710 routes from 25 bases, connecting 154
destinations across 45 countries. A team of more than 5,000
aviation professionals delivers superior service and very low fares
making Wizz Air the preferred choice of 40 million passengers in
the past 12 months. WIZZ operates an all-Airbus fleet of 120
aircraft. Its A320s are equipped with 180 seats, its A321s with 230
seats and its A321neo aircraft with 239 seats. According to the
latest data of the Swiss airline intelligence provider CH-Aviation,
Wizz Air has one of the youngest airline fleets in the world. 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 one of
the world's top ten safest airlines by airlineratings.com, the
world's only safety and product rating agency, and 2019 - Airline
of the Year by Air Transport Awards the only international awards
that recognizes the year's most outstanding performers in the
aerospace industry in the most important categories.
- Ends -
For more information:
Investors: Evelin Horvath, Wizz Air +41 22 555 9863
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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