easyJet plc announces the successful pricing of the non-pre-emptive placing (the “Placing“) of new ordinary shares of 27 2/7 pence each in the capital of the Company (“Ordinary Shares“) announced yesterday.
A total of 59,541,498 new Ordinary Shares in the capital of the Company (the “Placing Shares”) have been placed by BNP Paribas (“BNP Paribas“) and Credit Suisse Securities (Europe) Limited (“Credit Suisse“) at a price of 703 pence per Placing Share (the “Placing Price“). BNP Paribas and Credit Suisse are acting as Joint Global Co-ordinators, Joint Bookrunners and Joint Corporate Brokers (the “Banks“).
The Placing Shares represent approximately 14.99% of the Company’s existing issued share capital and will raise gross proceeds of approximately £419 million. The Placing Price of 703 pence represents a discount of 5 per cent to the closing share price of 740 pence on 24 June 2020.