Kuoni Group’s 2006 booking volumes to May 14, 2006 are 11% above their prior-year levels, the company will announce at its Ordinary General Meeting of Shareholders in Zurich Friday.The Board of Directors will ask the meeting to approve a reduction in the nominal value of registered shares A and B and to elect Raymond D. Webster as a new Board member.
Bookings for the Kuoni Group’s tour operating business to May 14,
2006 are 11% higher in Swiss-franc terms than they were for the same
period last year. After already reporting very encouraging booking
levels at its Annual Results Media Conference in March, Kuoni has
seen further positive booking trends over the past eight weeks.
Year-on-year bookings for key business entities reveal the following
- Switzerland + 12%
- UK + 4%
- France - 2%
- Scandinavia + 18%
- India + 38%
The Board of Directors will ask today’s Ordinary General Meeting of
Shareholders to approve reductions in nominal value of CHF 2.80 (from
CHF 3.00 to CHF 0.20) per registered share A and of CHF 14.00 (from
CHF 15.00 to CHF 1.00) per registered share B, for a total capital
reduction of CHF 44.8 million.
The meeting will also be asked to elect Raymond D. Webster to the
Kuoni Travel Holding Ltd. Board of Directors. Webster, who served for
many years as CEO of easyJet airline plc., can draw on extensive
knowledge and experience of the travel and tourism sector.