Share buy back20 Dec 2013 11:19
Hi
Iam failry new to this game but got into Ryan Air when they were low. For my understading the following should reduce the Shares in circulation considerably thus increases the share Price or Divi.
Ryanair Holdings plc (the "Company") announces that it has entered into an irrevocable arrangement with its broker, Citigroup Global Markets Limited ("Citigroup"), to commence a share buy-back programme to repurchase on its behalf ordinary shares of €0.00635 each, subject to a maximum consideration of €70,100,000 (the "Shares"), during the period commencing on 20 December 2013 and ending not later than 14 March 2014.