Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Birthday : 02/14/1967
Place of birth : Athènes - Greece
Biography : Founder and CEO of the low-cost airline company EasyJet, Stelios Haji-Ioannou, is at head of an...

EasyJet says Haji-Ioannou family holding drops below 30%

share with twitter share with LinkedIn share with facebook
06/30/2020 | 09:52am EDT
FILE PHOTO: EasyJet restarts its operations amid the coronavirus disease (COVID-19) outbreak at Gatwick Airport, in Gatwick

British low-cost airline easyJet said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the company.

Stelios Haji-Ioannou founded easyJet, and along with family members remains its biggest shareholder, but he has been critical of its strategy. Earlier this year he sought to oust its CEO, chairman and others as he objected to their handling of the coronavirus pandemic.

Last week easyJet raised about 419 million pounds ($514 million) through a share placing to help bolster its finances.

"As a result of the non-pre-emptive placing announced on 24 June 2020, the Haji-Ioannou concert party no longer holds 30% or more of the issued share capital of the company," easyJet said in a statement.

As such, easyJet said an agreement between it and easyGroup, Haji-Ioannou's vehicle, drawn up under controlling shareholder rules, had been terminated.

A separate filing showed that the Haji-Ioannou family now owns 29.99% of easyJet down from the about 33% it used to own. That holding could fall further should the conditional element of the placing be approved by investors on 14 July.

(Reporting by Sarah Young; editing by Kate Holton)

Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 2.25% 699.6 Delayed Quote.-50.89%
share with twitter share with LinkedIn share with facebook
Latest news about Stelios Haji-Ioannou
1  2  3  4  5  6  7  8  9  10Next