EasyJet shareholder Stelios Haji-Ioannou shuns rights issue -source By Reuters
[ad_1]

LONDON (Reuters) – 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.
According to a source, the Haji-Ioannou clan has sold 7.6.3 million rights for 1.65 pounds. This is a 15% discount on the Thursday closing price.
The Haji-Ioannou family stated repeatedly that they did not intend to put more money into easyJet, LON. While the airline continues to make a deal to buy additional planes with Airbus.
The rights issue means that the family’s share will drop to 15.2%, from 25.3% in September.
EasyJet declined to comment, as did a representative of the family.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.
[ad_2]