Source - RNS
RNS Number : 2673J
Wizz Air Holdings PLC
27 June 2017
 

Wizz Air Holdings Plc

Share Conversion

 

Geneva, 27 June 2017: Wizz Air Holdings Plc ("Wizz Air" or the "Company") announces that Indigo Hungary LP and Indigo Maple Hill, L.P. (together "Indigo") have elected to convert 11,515,509 and 3,484,491 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 July 2017.  The effect of the Conversion will be to increase the number of Ordinary Shares in issue from 57,477,671 to 72,477,671 and to reduce the number of Convertible Shares in issue from 44,830,503 to 29,830,503.

The Company will release a total voting rights and share capital announcement in due course reflecting the Conversion.

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.

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About Wizz Air

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 83 Airbus A320 and Airbus A321 aircraft, and offers more than 500 routes from 28 bases, connecting 141 destinations across 42 countries. At Wizz Air, a team of approximately 3,000 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 23 million passengers in 2016. 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 2016 Value Airline of the Year by the editors of Air Transport World, one of the leading airline trade magazines, as well as 2016 Low Cost Airline of the Year by the Center for Aviation (CAPA), a leading provider of independent aviation market intelligence.

For more information:





Investors:

Iain Wetherall, Wizz Air:

+41 22 555 9873


Balint Veres, Wizz Air:

+36 70 777 9349




Media:

Tamara Vallois, Wizz Air:

 +36 70 777 9324


Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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