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      "text": "The Committee approved the refresh of the Company's Euro Medium Term Note (EMTN) Programme and the issuance of €850 million of bonds under it.",
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      "text": "Catherine Bradley CBE (Chair)\nDavid Robbie\nHarald Eisenächer",
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      "text": "FEBRUARY 2024: EMTN Programme refresh and potential bond issuance, Funding strategy and alternative funding options, Foreign currency hedging. MARCH 2024: Bond issuance. MAY 2024: Liquidity review, Treasury risk management strategy, Aircraft lease extension and aircraft retirement plan. SEPTEMBER 2024: Capex hedging strategy review, Rating agency update, Card acquiring review",
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      "text": "I am pleased to present the Finance Committee Report for the year ended 30 September 2024. This report provides an outline of the key activities of the Committee during the year in overseeing the Group's treasury operations and funding activities. The Committee provides oversight by reviewing and monitoring the Group's liquidity and hedging approach, treasury activities and associated risks in this area. The Committee is also responsible for reviewing and recommending to the Board any financing arrangements that may be appropriate for the Company to enter into, including aircraft financing. In doing so, it assists the Board in the effective discharge of its duties in relation to balance sheet considerations, financing options and treasury arrangements. During the year, the Committee continued to focus on ensuring the Company's approach to hedging and treasury strategies remained appropriate. This included a liquidity review including an assessment of the instruments easyJet uses for its investments. The Committee also approved the refresh of the Company's Euro Medium Term Note (EMTN) Programme and the issuance of €850 million of bonds under it. Over 200 investors participated in the issue, and part of the proceeds will be used to repay existing debt as it matures. After each Committee meeting, I presented an update to the Board on the key issues discussed during our meetings.",
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      "kind": "paragraph",
      "text": "The Committee consists of the Independent Non-Executive Directors listed below left. All members of the Committee are Independent Non-Executive Directors. Member biographies can be found on pages 93 to 95. The Company Secretary acts as Secretary to the Committee, and members of the executive management and other non-executive members of the Board are invited to attend meetings. The Committee met three times in the year and in March 2024 considered, and approved, the Bond issuance in writing. Meeting attendance can be found on page 92.",
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      "text": "I am pleased to present the Finance Committee Report for the year ended 30 September 2024. This report provides an outline of the key activities of the Committee during the year in overseeing the Group's treasury operations and funding activities. — Catherine Bradley CBE",
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