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Ryanair Gets Share EUR800 Million Buyback Programme Underway

Tue, 9th Feb 2016 09:55

LONDON (Alliance News) - Ryanair Holdings PLC on Tuesday said it has bought back 300,000 ordinary shares and 507,545 ordinary shares underlying American depositary receipts, worth just under EUR11 million.

The purchases, which took place on Monday, are part of the budget airline's previously outlined intention to return capital to shareholders by way of a EUR800.0 million share buy-back programme. The move was announced earlier in February.

The ordinary shares repurchased have been repurchased at an average price of EUR12.933.

The ordinary shares underlying American depositary receipts have been repurchased at an average price of USD14.8109.

Shares in Ryanair were down 0.8% at EUR12.65 in London on Tuesday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2016 Alliance News Limited. All Rights Reserved.

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