Investegate |easyJet PLC Announcements | easyJet PLC: Director/PDMR Shareholding investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
By Graham Dunn2020-12-23T15:20:00+00:00
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
The move is designed to ensure EasyJet continues to meet European regulations requiring airlines with EU operating licences to be majority owned and controlled by EU nationals.
Source: Shutterstock
EasyJet’s current level of ownership by EU (excluding UK) persons is 47%. If unchanged at the end of the Brexit transition period this would mean non-EU nationals ownership would be above the 49.5% permitted maximum set by EasyJet.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
TOP NEWS: easyJet Board Narrowly Re-Elected Amid Founder s Criticism
Wed, 23rd Dec 2020 14:38
(Alliance News) - easyJet PLC on Wednesday reported that all resolutions at its annual general meeting passed, though motions to re-elect several directors, including the carrier s chair and chief executive, were faced with sizeable investor opposition.
The company also updated on its post-Brexit transition period contingency plan, aimed at ensuring the company is majority owned by shareholders based in EU, in line with the trading bloc s rules for airlines.
Motions to re-elect Non-Executive Chair John Barton and Chief Executive Officer Johan Lundgren passed, despite just shy of 43% shareholders voting against the proposals.