Ryanair Holdings Plc Share Buyback Annoucement

RNS Number : 3882G

Ryanair Holdings PLC

05 June 2013

 



Ryanair Holdings Plc Share Buyback Announcement.

Ryanair Holdings Plc. ("Ryanair" or "the Company") announced on June 4, 2013 that it had repurchased 8,000,000 ordinary shares of nominal value €0.00635 ("Ordinary Shares"). Further to the authority granted by shareholders at the annual general meeting in September, 2012 to repurchase Ordinary Shares, including Ordinary Shares underlying the Company's American Depositary Shares ("ADSs¹"), the Company may also from time to time, subject to market conditions, legal and regulatory requirements and other applicable terms and limitations, seek to repurchase further Ordinary Shares, including Ordinary Shares underlying the ADSs.  All Ordinary Shares repurchased by the Company will be cancelled.

The timing, funds to be expended, actual number of Ordinary Shares to be repurchased, and the split between Ordinary Shares and Ordinary Shares underlying the ADSs has not been determined and will be dependent on, inter alia, market conditions, the determination of the Board as to the best interests of the Company and continued compliance with the EU ownership restrictions applicable to Ryanair under its airline operating licence, pursuant to which Ryanair must be majority owned and effectively controlled by EU nationals.

Our broker will purchase ADSs from time to time on the open market or in privately negotiated transactions in accordance with agreed terms and limitations. ADSs purchased will be deposited with the Depositary under the Company's American Depositary Receipt facility against delivery of the underlying Ordinary Shares, which will be repurchased by the Company on the Irish Stock Exchange in compliance with the Company's share repurchase authorisation and applicable laws and regulations. Separately, Ordinary Shares traded on the Irish Stock Exchange may also be repurchased on behalf of the Company from time to time.

Ends.

For further information       Howard Millar                              Joe Carmody

please contact:                  Ryanair Holdings plc            Edelman

www.ryanair.com              Tel: [phone]                   Tel: [phone] 

 Note: [1] Each ADS represents 5 Ordinary Shares

 

END

 

 

MSCBSGDLXGGBGXU