Ryanair Holdings PLC
10 October 2007
European Union Reject's Aer Lingus Request
'Ryanair notes the European Commission's confirmation that it has properly
rejected Aer Lingus' request to force Ryanair to sell its stake in Aer Lingus on
the basis that Ryanair has no influence or control in Aer Lingus. Given that Aer
Lingus has twice rejected Ryanair's request for an EGM, it is impossible for Aer
Lingus to claim that Ryanair have any influence or control over them. We presume
this initiative was designed to cover Aer Lingus' embarrassment at a current
share price of €2.35, which is 20% less than Ryanair's offer of €2.80 almost 1
year ago'.
'Sadly, Aer Lingus passengers continue to suffer higher fares and increased fuel
surcharges as a result of the EU Commission's prohibition of Ryanair's offer for
Aer Lingus, which guaranteed to deliver those passengers lower fares and to
remove fuel surcharges.'
Ends. Wednesday, 10th October 2007
For reference:
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: +353-1-8121228 Tel: +353-1-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
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