easyJet plc (ESYJY)
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11.25+0.53 (+5.00%)
At close: 3:53PM EDT
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- Reuters
EasyJet shareholder Stelios Haji-Ioannou shuns rights issue -source
EasyJet's biggest shareholder, the family of founder Stelios Haji-Ioannou, has decided not to participate in the British airline's 1.2 billion pound rights issue and has sold its rights to buy new shares, a source familiar with the situation said. The Haji-Ioannou family has sold 76.3 million nil paid rights at 1.65 pounds, a 15% discount to the closing price of the rights on Thursday, said the source. The family has repeatedly said it did not plan to plough more money into easyJet while the airline sticks to a deal with Airbus to buy more planes.
- The Telegraph
EasyJet fails to impress City with £1.2bn fundraising drive
EasyJet is facing fresh turbulence after the City took a dim view of its plans to tap shareholders for £1.2bn following last week’s failed takeover swoop by rival Wizz Air.
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