Wizz Air Holdings PLC Removal of Restricted Share Notices (6656O)

TIDMWIZZ

RNS Number : 6656O

Wizz Air Holdings PLC

08 November 2016

8 November 2016

Wizz Air Holdings Plc

Removal of Restricted Share Notices

Further to the announcement made by Wizz Air Holdings Plc (the "Company") on 2 September 2016, the share register of the Company as at 25 October 2016 shows that the ownership of the Company's ordinary shares of GBP0.0001 each ("Ordinary Shares") by Non-Qualifying Nationals has now fallen below 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, the Company's Board of Directors has resolved to remove the restrictions outlined in the announcement of 2 September 2016. As a result, Non-Qualifying Nationals are no longer effectively barred from purchasing Ordinary Shares.

The definitions of Qualifying National and Non-Qualifying National are repeated below:

- a "Qualifying National" includes: (i) EEA nationals, (ii) nationals of Switzerland and (iii) in respect of any undertaking, an undertaking which satisfies the conditions as to nationality of ownership and control of undertakings granted an operating licence contained in Article 4(f) of the EU Air Services Regulation, as such conditions may be amended, varied, supplemented or replaced from time to time, or as provided for in any agreement between the EU and any third country (whether or not such undertaking is itself granted an operating licence); and

- a "Non-Qualifying National" includes any person who is not a Qualifying National in accordance with the definition below.

ABOUT WIZZ AIR

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 73 Airbus A320 and Airbus A321 aircraft, and offers more than 450 routes from 26 bases, connecting 130 destinations across 38 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 20 million passengers in the financial year ended 31 March 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: 
 
                                                    +41 22 555 
 Investors:    Iain Wetherall, Wizz Air:             9873 
                                                    +36 1 777 
  Balint Veres, Wizz Air:                            9349 
 
                                                    +36 1 777 
 Media:        Tamara Vallois, Wizz Air:             9324 
  Edward Bridges / Jonathan Neilan,                 [phone] 
   FTI Consulting LLP:                               1017 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 08, 2016 11:33 ET (16:33 GMT)