Result of General Meeting

RNS Number : 7846N

easyJet PLC

22 May 2020

 

22 May 2020

easyJet plc

(the "Company")

Results of General Meeting

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 the resolutions proposed at the direction of Sir Stelios Haji-Ioannou ("SHI") to remove as directors of the Company the Chairman, John Barton; the CEO, Johan Lundgren; the CFO, Andrew Findlay and Independent Non-Executive Director, Andreas Bierwirth. The Board had unanimously recommended that shareholders vote against these resolutions.

All four resolutions were defeated, with over 99% of votes cast by independent shareholders¹ being in support of the Board. easyJet Chairman, John Barton, said:

"On behalf of the Board I would like to thank shareholders for their support. The airline industry is facing unprecedented challenges and the Board's immediate priority has been to take the necessary steps to successfully guide easyJet through this period of uncertainty. We are relentlessly focused on cash conservation and ensuring that easyJet emerges from the Covid-19 crisis in a strong competitive position. The Board seeks good relationships with all of the Company's shareholders and hopes to be able to re-engage constructively with Sir Stelios."

The polling results for each resolution are set out below:

Resolution	Votes For	%	Votes Against	%	Total Votes	Total % of ISC Voted2	Votes Withheld3
1.  T o remove Robert John Orr Barton as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect.	133,289,072	42.41	180,993,651	57.59	314,282,723	79.12%	180,224
2.  To remove Johan Peter Lundgren as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect.	133,329,344	42.42	180,969,310	57.58	314,298,654	79.13%	166,420
3.  To remove Andrew Robert Findlay as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect.	133,176,672	42.38	181,090,793	57.62	314,267,465	79.12%	193,294
4.  To remove Andreas Bierwirth as a director of easyJet plc pursuant to section 168(1) of the Companies Act 2006 with immediate effect.	133,232,693	42.40	181,029,998	57.60	314,262,691	79.12%	195,407

Notes:

1.  Independent shareholders exclude the 132,401,427 shares held by or on behalf of the Haji-Ioannou family concert party

2. Based on total issued share capital of 397,208,133 Ordinary shares

3. 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 397,208,133.

In case of queries please contact:

Michael Barker, Investor Relations	07985 890939
Anna Knowles, Corporate Communications	07985 873313
Dorothy Burwell/Ed Simpkins, Finsbury	07733 294930 / 07947 740551

LEI: 2138001S47XKWIB7TH90

 

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