Dec 29, 2020

Ryanair and Wizz Air deny votes to UK investors after EU exit

Airlines Ryanair and Wizz Air are to take away the voting rights of UK shareholders in order to protect their status as majority EU-owned companies. Ryanair said it was banning its UK shareholders from attending or taking part in its general meetings. Ryanair said in a statement to the London stock exchange: "These resolutions will remain in place until the board of the company determines that the ownership and control of the company is no longer such that there is any risk to the airline licences." The airline said it will not require British citizens to sell their shares, but will ban them from showing up to, speaking at or voting at shareholder meetings. Another airline, easyJet, has already said it will restrict voting rights for some shareholders to ensure EU citizens own 50% of the company.

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