Unconditional dealing in easyJet shares began on the London Stock Exchange at 08.00 this morning, and this means that it is possible for anyone (having taken financial advice, of course) to buy shares through a stockbroker or other official channel.
easyJet shares have been trading on the Exchange since Wednesday 15 November, but these were conditional dealings and generally limited only to financial institutions.
Stelios Haji-Ioannou, easyJet chairman, said:
“The initial public offering is a significant milestone for easyJet and will allow us to maximise our growth potential by helping fund our planned new Boeing 737-700 purchases.
“Almost all easyJet employees are now shareholders or option holders and they will be working hard to maximise the value of the business. They are pleased to see that the stock market already recognises the tremendous value they have built up in the business over the last five years. We look forward to our future as a listed company and to continuing to enhance shareholder value by executing our proven skills in the low fare airline market.”
This announcement does not constitute an offer to sell or issue, or the solicitation of an offer to buy or subscribe for, securities.
This announcement has been issued by, and is the sole responsibility of, the Company and has been approved solely for the purposes of section 57 of the Financial Services Act 1986 by Credit Suisse First Boston and UBS Warburg (“the Financial Advisers”) which are each regulated in the UK by The Securities and Futures Authority Limited and are financial advisers to the Company in connection with the Company`s Initial Public Offering. The Financial Advisers have advised the Company in relation to the proposed Initial Public Offering and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to customers of the Financial Advisers nor for providing advice in relation to the Initial Public Offering. Prices and values of, and income from, shares may go down as well as up. Past performance is not a guide to future performance. Persons needing advice should consult an independent financial adviser.
In connection with the Initial Public Offering, UBS Warburg on behalf of the Underwriters may over-allot or effect transactions which stabilise or maintain the market price of the shares at levels above those which might prevail in the open market. Such transactions may be effected on the London Stock Exchange, in the over-the-counter market or otherwise. Such stabilising, if commenced, may be discontinued at any time.