Result of General Meeting

RNS Number : 9626S

easyJet PLC

14 July 2020

 

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

14 July 2020

easyJet plc

(the "Company")

Results of General Meeting & Total Voting Rights

The Company announces the voting results of the General Meeting ("GM") held earlier today at Hangar 89, London Luton Airport, Luton LU2 9PF.

The GM was convened to consider a resolution to allow the Directors to issue a further 19,860,406 Ordinary Shares (the "Conditional Shares"), as set out in the Results of Placing announcement on 25 June 2020.

The issue of the Conditional Shares follows on from the issue of 39,681,092 shares that became effective on 29 June 2020, also as set out in the Results of Placing announcement.

The resolution was passed with the requisite majority and the poll results are set out below.

Commenting on the General Meeting, e asyJet Chairman, John Barton, said:

"We're pleased with the strong support that shareholders have shown today by approving the Resolution. This is yet another sign of confidence in the Board and in the strategic approach we have taken during the pandemic. The placing will further strengthen easyJet's liquidity position and will also serve to underpin the balance sheet so that the airline remains well positioned to navigate the ongoing challenges.

"We continue to increase our flights with an unrivalled network of destinations so that our customers can take a much needed holiday over the summer."

Resolution	Votes For	%	Votes Against	%	Total Votes	Total % of ISC Voted1	Votes Withheld2
1.  To authorise the Directors to allot securities	173,761,598	99.80	350,185	0.20	174,111,783	39.85	88,816,887

Notes:

1. Based on total issued share capital of 436,889,225 Ordinary Shares

2. A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 436,889,225.

As a result of the resolution being passed at today's General Meeting, applications have been made (i) to the FCA for admission of the Conditional Shares to the premium listing segment of the Official List; and (ii) to London Stock Exchange plc for admission of the Conditional Shares to trading on its main market for listed securities (together, "Admission").  It is expected that Admission will become effective on or before 8.00am on 15 July 2020.

The Conditional Shares, when issued, will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares of 27 2/7 pence in the capital of the Company.

Following Admission, the total number of shares in issue in the Company will be 456,749,631. The Company does not hold any shares in Treasury and, therefore, following Admission, the number of voting shares in issue in the Company will be 456,749,631. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with LR 9.6.2, copies of the resolution have been submitted to the FCA's National Storage Mechanism and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

In case of queries please contact:

Michael Barker, Investor Relations	07985 890939
Anna Knowles, Corporate Communications	07985 873313
Dorothy Burwell/Ed Simpkins, Finsbury	020 7251 3801

LEI: 2138001S47XKWIB7TH90

This announcement should be read in its entirety. In particular, the information provided in the "Important Notices" section of this announcement should be read and understood.

Important Notices

This announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation of an offer to buy, subscribe for or otherwise acquire securities in any jurisdiction in which any such offer or solicitation would be unlawful. Any failure to comply with this restriction may constitute a violation of the securities laws of such jurisdictions. Persons needing advice should consult an independent financial adviser.

This communication is not a public offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act 1933, as amended (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold directly or indirectly in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any state or any other jurisdiction of the United States. 

 

END

 

 

ROMBGGDRLXBDGGS