RNS Number : 2501L
Aer Lingus Group PLC
07 January 2009
For immediate Release
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Aer Lingus Group plc
ISE: EIL1 LSE: AERL
Meeting with Ryanair
Dublin, London, 7 January: Aer Lingus today confirmed they met yesterday with representatives of Ryanair. Aer Lingus explained to Ryanair at the meeting how the bid fundamentally undervalues the airline, its robust financial position, ignores the substantial competition issues and is therefore not capable of completion.
Aer Lingus Group plc Tel: + 353 1 886 2000
Drury Communications Tel: +353 1 260 5000
Powerscourt Tel: + 44 207 324 0493
The directors of Aer Lingus Group plc accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Aer Lingus Group plc (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Aer Lingus Group plc and no one else in connection with the offer by Coinside Limited, a wholly-owned subsidiary of Ryanair Holdings plc (the 'Offer') and will not be responsible to anyone other than Aer Lingus Group plc for providing the protections afforded to customers of Goldman Sachs International or for providing advice in relation to the Offer or the contents of this announcement.
Goodbody Corporate Finance, which is regulated in Ireland by the Financial Regulator, is acting exclusively for Aer Lingus Group plc and no one else in connection with the Offer and will not be responsible to anyone other than Aer Lingus Group plc for providing the protections afforded to customers of Goodbody Corporate Finance or for providing advice in relation to the Offer or the contents of this announcement.
Any person who is a holder of one per cent. or more of any class of shares in Aer Lingus Group plc or Ryanair Holdings plc may be required to make disclosures pursuant to Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 and 2008, as applied with amendments by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006.
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