Business
UPDATE ON RESTRICTED SHARE NOTICE
UPDATE ON RESTRICTED SHARE NOTICE.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8145B Wizz Air Holdings PLC 03 February 2020 \n\nWizz Air Holdings Plc\nUPDATE ON RESTRICTED SHARE NOTICE\nTicker: WIZZ\n \nGeneva, 3 February 2020: On 17 April 2018 Wizz Air Holdings Plc (the \"Company\") announced that the ownership of the Company's ordinary shares of £0.0001 each (\"Ordinary Shares\") by Non-Qualifying Nationals was 49 per cent., which is the maximum permitted level of Ordinary Share ownership by Non-Qualifying Nationals set by the Company's Board of Directors (the \"Permitted Maximum\"). Accordingly, pursuant to the Company's articles of association (the \"Articles\"), the Company's Board of Directors (the \"Board\") resolved to put in place a number of actions in relation to \"Restricted Shares\", which are outlined below, and which remain in place. \nThe Company notes the recent announcement by Indigo Partners LLC of its intention to sell, through Indigo Hungary LP and Indigo Maple Hill, L.P. (the \"Indigo Shareholders\") up to £500 million worth of Ordinary Shares in the Company (the \"Placing\"). The Company further notes that the Indigo Shareholders are Non-Qualifying Nationals and therefore the Placing will, at a minimum, maintain the Company's current level of Non-Qualifying National ownership (but more likely increase Qualifying National ownership, subject to allocations under the Placing). The Company will therefore review the Placing, if it proceeds, and reserves the right not to treat any Ordinary Shares purchased in the Placing by Non-Qualifying Nationals as \"Restricted Shares\" and not to issue restricted share notices to such Non-Qualifying Nationals. In addition, following the closing of the Placing, if it proceeds, the Board will revisit in the coming days whether to maintain the restrictions put in place on 17 April 2018 or release them.\n17 April 2018 Actions:\nPursuant to the Company's Articles, the Company's Board of Directors resolved to take the following actions:\n1. To treat as \"Restricted Shares\" those Ordinary Shares in respect of which no declaration as to whether or not a Non-Qualifying National has a direct or indirect interest in such Ordinary Shares has been made and where the Company has issued notices in accordance with the Articles requesting details of those persons having an interest in the...