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Wizz Air Holdings - Share Conversion Notice

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 £0.0001 each in the capital of the Company ("Convertible Shares") into ordinary shares of £0.0001 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 [email protected] or visit www.rns.com.
 
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Quick facts: Wizz Air Holdings

Price: 2366

Market: AIM
Market Cap: £2.43 billion
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