Stelios cuts share in easyJet

Stelios cuts share in easyJet

EasyJet founder Sir Stelios Haji-Ioannou and his family have cut their shareholding in the budget airline.

The stake held by easyGroup Holdings has been trimmed by 1.27%, down from 36.95% to 35.68%.

If the shares were sold at last Wednesday’s closing price of £16.53, the family would collectively have made more than £81 million from the sale, the Telegraph reported.

EasyJet confirmed that the current family shareholding now stands at 141,608,049 ordinary shares out of the total issued share capital at March 31 of 396,819,107 ordinary shares.

The shares are held by the Haji-Ioannou family – Sir Stelios and his siblings Polys and Clelia.

Sourced from Travel Weekly

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