Ryanair Holdings PLC
28 February 2000
RYANAIR included in Dow Jones STOXX index
The DOW JONES STOXX index has announced the inclusion of Ryanair Holdings plc
from Monday, 20th March 2000.
Ryanair's elevation is a reflection of the carrier's hugely increased market
capitalisation based on the stock markets' view of the trading performance and
future growth prospects of Europe's leading low fares airline. Ryanair now
operates 43 low fare routes across 11 countries and is the UK's second largest
carrier. The airline has a market capitalisation of 2.26 billion Euros and is
among the most profitable airlines in the world.
Ryanair is yet again flying in the opposite direction to loss making flag
carriers worldwide and ironically the promotion of Ryanair coincides with the
departure of KLM from the index. Ryanairs' market capitalisation currently
exceeds not only that of Dutch flag carrier KLM (1 billion Euros), but also
that of Scandinavian flag carrier SAS (1.5 billion).
Commenting today, (Sunday, 27th February 2000), Howard Millar - Director of
Finance at Ryanair said:
'Inclusion in the Dow Jones STOXX index will raise the profile of Ryanair even
further and make it a very attractive investment for institutions worldwide as
many European institutions are precluded from investing in 'small' companies
and this new accreditation enhances Ryanair's marketability even more.
'This is very welcome news for our most important shareholders - our team of
1,300 people who have made Ryanair the success it is today and they can all
look forward to even more rewards from the company wide share option scheme,
which was one of the first such scheme to be introduced by an Irish PLC.'
Sunday, 27th February 2000
For reference: Ethel Power Pauline McAlester
Ryanair Murray Consultants Limited
Tel: 01-8121228 Tel: 01-663 3332
Mob. 087-2208592 Mob. 087-2558300
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