NEWSWATCHER
I said he had offloaded a significant # of shares, nowhere did I claim it had been since SEPT ? But for your info on a quick 15minute glance of Official Records(I might have missed some STELIOS or Easy Group share SALES).....
NOV 2000 IPO
IPO effectively sells 25% of the company @310P. The shares to be issued represent approximately 25% of the enlarged share capital of easyJet.
http://www.uk-wire.co.uk/cgi-bin/art...01251379U.html
OCT 2001 Open OFFER
"Stelios Haji-Ioannou, the Chairman of the Company, proposes to sell 13,000,000 Ordinary Shares.
The number of shares held by
persons other than Stelios Haji-Ioannou and his immediate family following completion of the Placing and Open Offer will increase from approximately 29.2% at present to between 40.1% and 42.1%. IN OTHER WORDS THE STELIOS FAMILY OFFLOAD ABOUT 10% of their holdings.
http://www.uk-wire.co.uk/cgi-bin/art...00302556M.html
NOV 2001 Director shareholding
32,532,258 shares (12.19%) he sold on Nov 2001 at £3.75/Share.
Proceeds of £121,995,968.
http://www.uk-wire.co.uk/cgi-bin/art...54502747N.html
NOV 2001 Open OFFER
Stelios offloads between 13 - 18.5 million shares here.....
Of these 39,032,258 shares, 6,500,000 new Ordinary Shares were placed on behalf of easyJet and 32,532,258 existing Ordinary Shares were placed on behalf of easy Group Limited ('easyGroup'), a company indirectly owned by Stelios Haji-Ioannou, the Chairman of easyJet. The net reduction in the shareholding of easyGroup at the completion of the Placing and Open Offer will therefore be between 13,000,000 and 18,538,982 Ordinary Shares. Sold at 375P.
http://www.uk-wire.co.uk/cgi-bin/art...00325251M.html
19June 2002
Newswatcher "selling only enough nil paid rights to take up the remainder of his rights" That amounted to the following........
22mill shares being offloaded. Although it sounds much better the way Stelios puts it.
Of the 47,569,301 Nil Paid Rights that have been placed, 22,173,317 Nil Paid Rights have been placed on behalf of easyGroup(owned Stelios).
SEP 2002
Today I personally hold almost 22% of the share capital of easyJet plc and my brother and sister together hold another 24.4%.
You can get out the calculators to see how many Millions of shares Stelios has offloaded yourself. It is slightly confusing because each OPEN OFFER Stelios used to Dilute his holding. At the end of the day Stelios and family owned 100% of Easyjet prior to launch, they now hold 46.4% after several Open Offers have increased the total number of EASYJET shares on the market
NEWSWATCHER, I think you need to change Newspapers if you think Stelios isn't offloading and stepping away from the business.