UPDATE ON MIGRATION OF RYANAIR HOLDINGS PLC SHARES

RNS Number : 7068R

Ryanair Holdings PLC

09 March 2021

 

Ryanair Holdings plc

9 March 2021

Ryanair Holdings plc

(the "Company")

UPDATE REGARDING THE MIGRATION OF RYANAIR HOLDINGS PLC'S SHARES TO THE EUROCLEAR BANK'S CENTRAL SECURITIES DEPOSITORY

Further to its announcement on 6 January 2021, Ryanair Holdings plc (the "Company") provides the following update in relation to the migration of Irish corporate securities from CREST to Euroclear Bank (the "Migration") under the Migration of Participating Securities Act 2019 (the "2019 Act").

Shareholders' attention is drawn to the statement published by Euronext Dublin yesterday evening, which can be found at the following link:   https://www.euronext.com/en/media/4354  

In its statement, Euronext Dublin has advised that the Live Date on which Migration is to take effect is 15 March 2021 and further that this date will be formally appointed by Euronext Dublin as the Live Date for Migration on the evening of Friday, 12 March 2021.

Accordingly, the timetable of principal events set out below reflects the Company's current expectations and no change is anticipated to the other aspects of the indicative timetable set out in the circular to shareholders dated 17 November 2020 (the "Circular"):

Timetable for Key Migration Steps^{(1) (2)}

Latest time and date for Shareholders who hold their Shares in uncertificated (i.e. dematerialised) form and who do not want their Shares to be subject to Migration to withdraw the relevant Shares from the CREST System and hold them in certificated (i.e. paper) form	12.00 pm on Thursday, 11 March 2021
EUI to stop settlement of trades in Irish Securities pursuant to the Irish CREST Regulations	6.00 pm on Friday, 12 March 2021
Migration Record Date	7.00 pm on Friday, 12 March 2021
Live Date(3)	Monday, 15 March 2021

Notes:

(1)  All references to times are to times in Dublin, Ireland.

(2)  If there are any inconsistencies between this announcement and the indicative timetable included in the Circular, this announcement shall prevail.

(3)  If, in exceptional circumstances, the Migration does not proceed as planned over the weekend of 13-14 March and the Live Date is therefore postponed the Company will give notice of that fact by issuing an announcement.

The defined terms set out in Part 9 of the Circular have the same meaning when used in this announcement.

Shareholders should consult their own broker, custodian or other independent professional advisers if they have queries in relation to the Migration, how to hold shares in Ryanair following Migration, and/or in respect of their nationality declarations.

For further information, please contact:

Ryanair Holdings plc, Peter Larkin, Head of Investor Relations, Tel: [phone]

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