Please be informed that (i) the sole shareholder of Volotea, S.A.U. (Volotea), and (ii) the Extraordinary and Universal General Shareholders’ Meeting of Volotea Holding Europe, S.L. (Volotea Holding), have unanimously approved, on 11 November 2019, the following corporate operations:
(i) Volotea's sole shareholder has approved the transformation of Volotea from a "public limited company" to a "limited company". Therefore, from now on its corporate name will be "Volotea, S.L.". (the Conversion).
(ii) The Extraordinary and Universal General Shareholders’ Meeting of Volotea Holding and the sole shareholder of Volotea have unanimously approved the merger by absorption of Volotea Holding (as the absorbed company) by Volotea (as the absorbing company) (the Merger).
Taking into account that there are no workers in Volotea Holding, there will be no subrogation of workers as a result of the Merger. Furthermore, this Merger will have no impact on employment.
Both the Conversion and Merger described above are expected to be completed within this year 2019.
Barcelona, 11 November 2019. Gerard Vendrell, Legal Director.