Share buy-back programme

RNS Number : 0843W

Ryanair Holdings PLC

20 December 2013

 



Ryanair Holdings Plc

Share buy-back programme

20 December, 2013

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. All Shares repurchased will be cancelled. This arrangement is in accordance with Chapter 9 of the Listing Rules of the Irish Stock Exchange and the Company's general authority to repurchase shares.

Citigroup may be undertaking transactions in the Shares (which may include participation in block purchases) during the period from the date of this announcement to the purchase date in order to meet its obligations pursuant to this buy-back.

The Company may acquire Shares on any given day during the repurchase period in volumes not exceeding the average daily trading volume in the month preceding the date of this announcement on the regulated market on which the purchases are carried out, in accordance with European Commission Regulation No. 2273/2003 on buyback programmes and stabilisation of financial instruments. 

Contact:

Howard Millar

Ryanair Holdings Plc

Tel: + 353 1 8121212

 

END

 

 

POSLIFLAFDLIFIV