6 Feb 2018 07:15
Ryanair Holdings plc
Share buy-back programme
Ryanair Holdings plc (the "Company") announces that it has entered into irrevocable arrangements with its brokers, Citigroup Global Markets Limited ("Citigroup") and J&E Davy ("Davy"), to commence a share buy-back programme to repurchase on its behalf, ordinary shares of €0.006 each (the "Shares"), during the period commencing on 6 February 2018 and, subject to market conditions, ending not later than 9 November 2018. The purpose of the buy-back programme is to reduce the share capital of the Company. Accordingly, all Shares repurchased will be cancelled.
These arrangements are in accordance with the Company's general authority to repurchase Shares, Chapter 9 of the Listing Rules of the Irish Stock Exchange, the applicable laws and regulations of the Irish Stock Exchange and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
The maximum consideration payable by the Company in respect of repurchases of Shares under these arrangements is €750 million. The timing and the actual number of Shares repurchased will be dependent on market conditions, legal and regulatory requirements and the other terms and limitations contained in the arrangements.
The American Depositary Shares buy-back programme, announced on 17 February 2017, remains in place.
ENDS
6 February 2018
Enquires:
Contact:
Neil Sorahan
Ryanair Holdings Plc
Tel: + 353 1 945 1212