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EasyJet readies Brexit contingency plan to meet ownership rules

Published 03/22/2019, 03:35 AM
Updated 03/22/2019, 03:40 AM
© Reuters. Passengers board the easyJet aircraft from Berlin to Geneva at Schoenefeld airport

LONDON (Reuters) - British low-cost airline EasyJet said on Friday it was ready to suspend the voting rights of a small number of shares to comply with rules that require 50 percent plus one share of the company to be owned by EU shareholders following Brexit.

The carrier said its EU ownership, excluding British shareholders, had increased to 49.92 percent, and therefore its board was prepared to activate contingency plan of suspending shareholders' voting rights in respect of a small number of shares on a "last in first out" basis.

© Reuters. Passengers board the easyJet aircraft from Berlin to Geneva at Schoenefeld airport

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