EDreams ODIGEO Announces Plan to Move the Group's Registered Seat from Luxembourg to Spain, to Achieve Organizational and Cost Efficiencies; Announces Executive Changes
March 31, 2020 at 01:52 am EDT
Share
eDreams ODIGEO announced a plan to move the Group's registered seat from Luxembourg to Spain, to achieve organizational and cost efficiencies. The Shareholder Meetings required to execute the move will be convened in June and will take place in September.
The company also announced the new composition of its Board of Directors in connection with the move. With the expiration on March 31st of Robert A. Gray's mandate as Vice Chairman and Independent Director, Carmen Allo Pérez has been named as an Independent Director and Audit Chair. These decisions are subject to shareholder approval at the next Annual General Meeting. The Board welcomes Carmen Allo Pérez, who brings a wealth of experience in corporate and investment banking in the largest European and American banks. She serves as Chairman of the Audit Committee at CAF and was previously Chairman of the Audit Committee of Natra, two companies publicly traded in the Spanish market. Also, she is currently a Professor at Instituto de Empresa.
Edreams Odigeo SA is a Spain-based online travel company active mainly in the flight sector. With five brands: eDreams, Go Voyages, Opodo,Travellink and Liligo, the Company offers deals on regular flights, charters, airlines, hotels, car rentals, cruises, holiday packages and travel insurance to its clients. The Company operates through digital platforms, which consist of online portals and mobile applications. The Company also provides advertisers with a platform to reach their target markets in a personalized way, both locally and globally. The Company is focused on adapting its range of services to the needs of each individual customer. The Company has an international presence as it serves customers across 44 countries.
EDreams ODIGEO Announces Plan to Move the Group's Registered Seat from Luxembourg to Spain, to Achieve Organizational and Cost Efficiencies; Announces Executive Changes