Ryanair Respond to Aer Lingus EGM Letter

RNS Number : 9698R

Ryanair Holdings PLC

11 November 2011

 



11 November 2011

Mr Donal Moriarty

Company Secretary

Aer Lingus plc

Head Office

Dublin Airport

Co Dublin

By email and post

OPEN LETTER

Re:      Aer Lingus Group plc - Refusal of EGM requisition

Dear Donal,

I refer to your letter of yesterday's date.

As you will be aware, Ryanair wrote to the Board of Aer Lingus requisitioning an EGM on 1 November. Aer Lingus rejected this EGM request on 4 November and despite 3 reminder letters the Board of Aer Lingus has failed / refused to explain its refusal to accede to Ryanair's EGM requisition, which is in breach of Irish company law and EU shareholder rights legislation. This is not an issue to be fobbed off to Aer Lingus' lawyers and these delays are unacceptable. The Board of Aer Lingus should explain, by return, the grounds for their refusal to accede to Ryanair's EGM requisition, and do so without further unnecessary delay.

It is clear that the Board of Aer Lingus is seeking to unlawfully delay or obstruct the calling of this EGM solely because the requisition comes from Ryanair. The timelines you refer to in S. 132 of the Companies Act, 1963 are irrelevant.

We again request the Board of Aer Lingus to reply by return to our 2 letters of 9 November and further letter of 10 November setting out the reasons for their refusal to accede to Ryanair's EGM requisition dated 1 November.

We would appreciate your response by close of business today to prevent any further delay by the Board of Aer Lingus in complying with Irish company law and EU shareholder rights legislation.

Yours sincerely,

________________

Juliusz Komorek

Company Secretary

Cc:          Enforcement Directorate, 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

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http://www.rns-pdf.londonstockexchange.com/rns/9698R_-2011-11-11.pdf

 

END

 

 

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