24 Jun 2016 10:46
Ryanair Holdings plc
Share Repurchases
On 3 February, 2016 Ryanair Holdings plc the "Company") announced a share buy-back programme in respect of which the maximum consideration is €800 million. Of this €725 million (inclusive of expenses) has, up to the close of business on 23 June, 2016, been expended and a total of 51,575,591 shares (including by way of American Depositary Receipts) repurchased.
Ryanair now advises that it is increasing the maximum size of repurchases up to approximately €900 million (which approximates (subject to share price) the 5% buyback limit approved at Ryanair's 2015 AGM), and providing that shares can be repurchased by way of block trades outside the scope of the original irrevocable arrangements.
The timing, the actual number of shares repurchased and the split between shares and shares underlying American Depositary Receipts repurchased will be dependent on market conditions and legal and regulatory requirements. To the extent that it is expected that shares would be repurchased outside of the current open period, J&E Davy ("Davy") will conduct such share repurchases under a mandate from the Company.
Enquires:
Contact:
Neil Sorahan
Ryanair Holdings Plc
Tel: + 353 1 945 1212