easyJet Announcement

RNS Number : 9385O

easyJet PLC

26 September 2011

 



26 September 2011

easyJet announcement

easyJet plc announces that it has received notice from Sir Stelios Haji-Ioannou ("Sir Stelios") that he intends to set up an airline branded Fastjet and that a website, www.Fastjet.com, has already been established.

easyJet has a number of rights under its agreements with Sir Stelios and easyGroup IP Licensing Ltd (a subsidiary of easyGroup Holdings Limited) as described in the Circular to shareholders dated 16th November 2010.

To the extent that any activity of Fastjet, Sir Stelios or any company controlled by him infringes or would infringe those rights, easyJet will take necessary action to protect the rights of easyJet and the interests of its shareholders.

Sir Stelios also alleges that easyJet has breached the terms of the binding comfort letter between him and easyJet of 10 October 2010 and that that letter is no longer in force, claims which easyJet emphatically rejects.

easyJet continues to seek constructive dialogue with easyGroup and Sir Stelios.

Ends

Enquiries should be directed to:

easyJet plc

Investor:

Rachel Kentleton            Investor Relations                                   [phone]

Media:

Paul Moore                    Communications                                    [phone]

Edward Simpkins            Finsbury                                                [phone]

 

END

 

 

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