Letter to Aer Lingus re EGM Requisition

RNS Number : 6769S

Ryanair Holdings PLC

24 November 2011

 



23 November 2011

Mr Donal Moriarty

Company Secretary

Aer Lingus Group plc

Head Office

Dublin Airport

Co Dublin

OPEN LETTER

Re:      EGM Requisition

Dear Donal,

I refer to your letter dated 18 November 2011.

With respect, the Board of Aer Lingus does not have discretion in this matter.  Since Ryanair owns more than 10% of the ordinary share capital, we are legally entitled under S.132 of the Companies Act 1963 and the listing rules of the Irish Stock Exchange, to requisition an EGM, should we so wish.

As previously confirmed in correspondence from the ODCE, the Board of Aer Lingus is obliged to convene a properly requisitioned EGM.  Obviously the Board of Aer Lingus and your lawyers are free to make whatever representations you wish on each of the proposed resolutions, but you do not have the authority or the discretion to refuse to hold this EGM.

Please be advised that should your Board again refuse to convene this properly requisitioned EGM, then Ryanair will pursue the Directors of Aer Lingus for this breach of Irish Company Law and the listing rules of the Irish Stock Exchange.

Yours sincerely,

_______________

Juliusz Komorek

Company Secretary

Cc:          Markets Supervision Division, Central Bank of Ireland, Block D, Iveagh Court, Harcourt Road, Dublin 2

Regulation Department, Irish Stock Exchange, 28 Anglesea Street, Dublin 2, Ireland

UK Listing Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS

London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS

Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, LONDON E14 5HS

Office of the Director of Corporate Enforcement, 16 Parnell Square, Dublin 1, Ireland

 

END

 

 

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