Business
Removal of Restricted Share Notices
Removal of Restricted Share Notices.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 9129E\n Wizz Air Holdings PLC\n 04 March 2020\n \n \n \n \n Wizz Air Holdings Plc\n \n \n \n \n \n Removal of Restricted Share Notices\n \n \n \n \n \n Ticker: WIZZ\n \n \n \n \n \n \n Geneva, March 4th, 2020\n \n : \n On 17 April 2018, Wizz Air Holdings Plc (the \"Company\") announced that its Board of Directors had resolved to take certain actions pursuant to the Company's articles of association (the \"Articles\") to treat certain ordinary shares of £0.0001 each (\"Ordinary Shares\") as Restricted Shares (as defined in the Articles) and to issue Restricted Share Notices (as defined in the Articles) in respect of those Ordinary Shares. Pursuant to these restrictions (the \"Restrictions\"), Non-Qualifying Nationals (as defined in the Articles) were effectively barred from purchasing Ordinary Shares for as long as the Restrictions remain in place. \n \n \n \n \n \n On 3 March 2020, following the conversion by Indigo Hungary LP and Indigo Maple Hill, L.P. of an aggregate of 12,453,300 convertible shares of £0.0001 each into Ordinary Shares on that date, the share register of the Company shows that ownership of Wizz Air's Ordinary Shares by Non-Qualifying Nationals is 44.4%. As a result, the Company's Board of Directors has resolved to remove the Restrictions with immediate effect. \n \n \n \n \n \n The Company's Board of Directors will continue to monitor the ownership level of Ordinary Shares by Non-Qualifying Nationals and will take actions to re-impose the restriction under the Articles at any time if deemed necessary. \n \n \n \n \n \n \n \n \n ABOUT WIZZ AIR\n \n \n 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 121 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 Exc...