COMPLETION OF CAPITAL RETURN & RESULT OF ELECTIONS
RYANAIR HOLDINGS PLC
6 November, 2015
COMPLETION OF CAPITAL RETUrN AND RESULT OF ELECTIONS
Ryanair, Europe's favourite airline, provides an update in relation to the Return of Cash detailed in the Circular issued by the Company dated 28 September, 2015:
Result of Elections
As at the Election Deadline at 1.00 p.m. on 5 November, 2015, Shareholders' elections or, as the case may be, deemed elections for the B Share Choices were as follows:
|
|
No. of B Shares |
% |
|
Redemption Option* |
690,089,366 |
51.0 |
|
B Share Dividend** |
663,060,175 |
49.0 |
|
Total |
1,353,149,541 |
|
*Redemption Option
Shareholders (other than as noted below) who did not make a valid election by the Election Deadline have been automatically deemed to have elected for the Redemption Option in respect of all of their B Shares.
**B Share Dividend
The B Share Dividend of €0.2942 per B Share has been declared and is payable to those holders of B Shares who elected for or, who in the case of Restricted Shareholders and Holders of Existing ADSs, were deemed to have elected for the B Share Dividend.
In accordance with the Articles of Association of the Company, following the declaration of the B Share Dividend, all B Shares in respect of which the B Share Dividend was declared were converted into Deferred Shares. The Deferred Shares are not listed and, in practice, have no economic or other rights. In accordance with the procedure set out in the Circular, the Company purchased all of the Deferred Shares held by Shareholders who received the B Share Dividend for nil consideration and the Deferred Shares will be cancelled by the Company.
Payments to Shareholders
By 16 November, 2015, (i) cheques are expected to be despatched to the relevant Shareholders in respect of B Shares redeemed under the Redemption Option; (ii) cheques are expected to be despatched to the relevant Shareholders in respect of the B Share Dividend; and (iii) cheques are expected to be despatched in respect of the proceeds of the sale of fractional entitlements (save in respect of amounts less than €5.00 which will be retained by the Company).
Payment to ADS Holders
On or about 27 November, 2015 payment of the B Share Dividend (net of the Depositary's fee of US$0.02 per Existing ADS and any applicable expenses and taxes) will be made to ADS Holders by the ADS Depositary.
Defined terms used in this announcement have the same meaning as in the Circular issued by the Company dated 28 September, 2015.
ENDS
For further information
please contact: Robin Kiely Joe Carmody
Ryanair Ltd Edelman Ireland
Tel: +353-1-9451949 Tel: +353-1-6789333
press@ryanair.com ryanair@edelman.com
This information is provided by RNS
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund