Posting of Class 1 Circular and Notice of GM

Wizz Air Holdings PLC

14 July 2023

 

Wizz Air Holdings Plc

14 July 2023

Press Release

Wizz Air Holdings Plc

(the "Company" and, together with its subsidiaries, "Wizz Air")

Posting of Class 1 Circular and Notice of General Meeting

Geneva, 14 July 2023: Further to the Company's announcement on 14 September 2022 that it had exercised its option to acquire an additional 75 A321neo aircraft from Airbus and its announcement on 11 July 2023 in respect of the 2023 AGM, the Company is pleased to announce that a Circular relating to the Proposed Purchase, which includes a notice of general meeting of shareholders (the "Class 1 General Meeting") and a form of proxy relating to the Class 1 General Meeting, has been posted to shareholders.

Given the size of the list price commitments for the Proposed Purchase relative to the Company, the Proposed Purchase constitutes a "class 1 transaction" under the Listing Rules of the FCA and therefore completion of the Proposed Purchase is conditional upon shareholder approval. Accordingly, the Class 1 General Meeting has been convened for this purpose and will be held at 15:30 p.m. (CEST) (or as soon thereafter, as the Company's 2023 annual general meeting shall have been concluded or adjourned) on 2 August 2023, at Crowne Plaza Geneva, Avenue Louis-Casai 75-77, 1216 Geneva, Switzerland.

Shareholders who are Non-Qualifying Nationals were sent Restricted Share Notices informing them of the number of Ordinary Shares that will be treated as Restricted Shares and consequently the number of Ordinary Shares in respect of which they shall be entitled to exercise their voting rights at both the AGM and the Class 1 General Meeting on 11 July 2023. More information on disenfranchisement can be found on the Company's website at the following location: https://wizzair.com/en-gb/information-and-services/investor-relations/investors/brexit-q-a.

The Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm and on the Company's website at http://corporate.wizzair.com/en-GB/.

Defined terms:

Capitalised terms used in this announcement shall have the same meaning as in the Company's Articles of Association and, where applicable, the announcement made by the Company on 11 July 2023.

ABOUT WIZZ AIR

Wizz Air, the fastest growing European ultra-low-cost airline and one of the most sustainable, currently operates a fleet of 182 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 51.1 million passengers in the financial year F23 ending 31 March 2023. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. 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 Airline of the Year by Air Transport World in 2020, as well as Airline of the Year by Air Transport Awards in 2019 and 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards 2022 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022.

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For more information:

Investors:

Zlatko Custovic, Wizz Air: [phone]

Media:

Tamara Vallois, Wizz Air: [phone]

James McFarlane / Eleni Menikou, MHP Group: [phone]

 

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