Ryanair Hold. Plc — Capital/Financing Update 2015

Nov 6, 2015

National Storage Mechanism | Additional information

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RNS Number : 8840E

Ryanair Holdings PLC

06 November 2015

RYANAIR HOLDINGS PLC

6 November, 2015

COMPLETION OF CAPITAL RETUrN AND RESULT OF ELECTIONS

Ryanair, Europe's favourite airline, provides an update in relation to the Return of Cash detailed in the Circular issued by the Company dated 28 September, 2015:

Result of Elections

As at the Election Deadline at 1.00 p.m. on 5 November, 2015, Shareholders' elections or, as the case may be, deemed elections for the B Share Choices were as follows:

	No. of B Shares	%
Redemption Option*	690,089,366	51.0
B Share Dividend**	663,060,175	49.0
Total	1,353,149,541

*Redemption Option

Shareholders (other than as noted below) who did not make a valid election by the Election Deadline have been automatically deemed to have elected for the Redemption Option in respect of all of their B Shares.

**B Share Dividend

The B Share Dividend of €0.2942 per B Share has been declared and is payable to those holders of B Shares who elected for or, who in the case of Restricted Shareholders and Holders of Existing ADSs, were deemed to have elected for the B Share Dividend.

In accordance with the Articles of Association of the Company, following the declaration of the B Share Dividend, all B Shares in respect of which the B Share Dividend was declared were converted into Deferred Shares.  The Deferred Shares are not listed and, in practice, have no economic or other rights.  In accordance with the procedure set out in the Circular, the Company purchased all of the Deferred Shares held by Shareholders who received the B Share Dividend for nil consideration and the Deferred Shares will be cancelled by the Company.

Payments to Shareholders

By 16 November, 2015, (i) cheques are expected to be despatched to the relevant Shareholders in respect of B Shares redeemed under the Redemption Option; (ii) cheques are expected to be despatched to the relevant Shareholders in respect of the B Share Dividend; and (iii) cheques are expected to be despatched in respect of the proceeds of the sale of fractional entitlements (save in respect of amounts less than €5.00 which will be retained by the Company).

Payment to ADS Holders

On or about 27 November, 2015 payment of the B Share Dividend (net of the Depositary's fee of US$0.02 per Existing ADS and any applicable expenses and taxes) will be made to ADS Holders by the ADS Depositary.

Defined terms used in this announcement have the same meaning as in the Circular issued by the Company dated 28 September, 2015.

ENDS

For further information

please contact:           Robin Kiely                            Joe Carmody 

Ryanair Ltd                          Edelman Ireland

Tel: +353-1-9451949             Tel: +353-1-6789333

[email protected]                 [email protected]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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