Business
2025 Annual General Meeting Update
Wizz Air Holdings Plc announced at its 2025 Annual General Meeting that all resolutions were approved, though the Directors' Remuneration Report received 73% shareholder support, prompting further consultation. The company noted that while the Directors' Remuneration Policy was approved by 65.58% in the prior year, the CEO's re-election saw 99.71% support. The board also addressed feedback on the Short-Term Incentive Plan for F25, explaining a partial payout was awarded due to significant operational improvements despite no financial performance payout. The company remains committed to aligning incentive structures with talent retention and shareholder returns. Disclaimer*
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n\n2025 Annual General Meeting Update\n \nLSE: WIZZ\n \nGeneva, 30 January 2026: At the Wizz Air Holdings Plc (\"Wizz Air\" or \"the Company\") Annual General Meeting (\"AGM\") held on 24July 2025, all resolutions proposed were approved by shareholders. One resolution, the Directors' Remuneration Report (\"DRR\"), was supported by 73% of shareholders. Following this vote, and in accordance with UK Corporate Governance Code, the Company has reached out to shareholders to solicit their feedback on voting on the DRR at the AGM.\n \nAs in the previous year, the board of Wizz Air (\"Board\") understands that some shareholders felt the Remuneration Committee had not sufficiently addressed concerns raised previously during the 2024 AGM vote on the Directors' Remuneration Policy (\"Policy\"), which was approved by 65.58% of shareholders. Prior to that vote, the Remuneration Committee consulted extensively to explain why changes were necessary to retain and incentivize our CEO, József Váradi, a priority reflected in the 99.71% vote for his re-election at the 2025 AGM. Although the Remuneration Committee respects the views of dissenting shareholders, it is conscious that the AGM result reflects the divergence of shareholder views (evidenced by the voting split on the Policy) regarding quantum and incentive design and does not represent new or changed views from previous consultations.\n \nThe Board also noted feedback regarding the partial payout of the Short-Term Incentive Plan (\"STIP\") for F25. As outlined in the DRR, no payment was made for financial performance. However, the Company was successful in executing a major improvement in operational excellence during F25 (reflected in much improved metrics in utilization, completion rate, and customer satisfaction). As a result, the STIP formula awarded a partial payout (albeit below target) which the Remuneration Committee considered fair and aligned with overall performance.\n \nThe Board, through the Remuneration Committee, is committed to structuring incentive arrangements that serve to support the business in retaining key talent and delivering strong returns to shareholders, while remaining conscious of the wider stakeholder experience and business performance.\n \nThe Board values the feedback and insight it gains through consultation with shareholde...