We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
JET2 PLC | AQSE:JET2.GB | Aquis Stock Exchange | Ordinary Share | GB00B1722W11 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
17.00 | 1.23% | 1,401.50 | 1,250.00 | 1,585.00 | 1,417.50 | 1,382.50 | 1,409.50 | 2,598 | 15:29:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJET2
RNS Number : 1141F
Jet2 PLC
06 July 2023
6 July 2023
Jet2 plc
("Jet2", "the Group" or "the Company")
Directorate Change
Jet2 plc, the Leisure Travel Group, announces that Philip Meeson, Executive Chairman, has informed the Company of his intention to step down from the Board.
Philip bought the business in 1983, when it was a small cargo airline and distribution company serving the Channel Islands. The Company subsequently listed in November 1988 and has since become one of the UK's leading leisure travel businesses. Philip will move to Non-Executive Chair during the course of this year and remain in that role until a successor is appointed.
Over recent years, Philip has devolved most of his executive responsibilities to the Company's senior management team. Together with the recently strengthened Board, the senior management team, led by Steve Heapy, Chief Executive Officer and Gary Brown, Group Chief Financial Officer, has strength in depth throughout the Group's operations. The final results announcement today highlights the excellent trading performance for the year ended 31 March 2023 together with pleasing forward bookings. A robust balance sheet with GBP2.6bn of total cash and GBP1.1bn of 'own cash' bodes well for future growth, underpinned by the recent fleet order for 98 fuel-efficient Airbus A321/A320neo aircraft with options to increase to 146 aircraft by 2035. These are in addition to 34 new Boeing 737-800 NGs which were delivered between 2016 and 2019.
Philip Meeson commented:
"I am extremely proud of the business I and colleagues have developed over the past 40 years and have huge respect for the newly enlarged Board and the outstanding management team that over recent years has built up Jet2holidays to become the largest package holiday provider in the UK, together with Jet2.com, the UK's third largest airline. Jet2holidays is a well trusted UK leisure travel brand with a great in-house airline, which together - through our unwavering commitment to our Customers and the ethos of 'People, Service, Profits' - have created a leading family friendly holiday product. I therefore remain confident in the outlook for the Group, but I am conscious of my age and the need to plan an orderly succession. I remain committed to Jet2 and will support my successor and the management in any way I can."
Enquiries:
Jet2 plc Philip Meeson, Executive Chairman 0113 239 Gary Brown, Group Chief Financial Officer 7692 Cenkos Securities plc Nominated Adviser 020 7397 Katy Birkin / Camilla Hume 8900 Canaccord Genuity Joint Broker 020 7523 Adam James 8000 Jefferies International Limited Joint Broker Ed Matthews 020 7029 Becky Lane 8000 Buchanan Financial PR 020 7466 Richard Oldworth 5000
Certain information contained in this announcement would have been deemed inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time, until the release of this announcement.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
BOABRGDRBUGDGXU
(END) Dow Jones Newswires
July 06, 2023 02:01 ET (06:01 GMT)
1 Year JET2 Chart |
1 Month JET2 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions