REG - Ryanair Holdings PLC Ryanair Holdings-RYA - ROBERTA NERI TO STEP DOWN FROM RYANAIR PLC BOARD

Ryanair HoldingsAnnouncement

30/08/2024 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240830:nRSd2042Ca&default-theme=true

RNS Number : 2042C  Ryanair Holdings PLC  30 August 2024

ROBERTA NERI TO STEP DOWN FROM RYANAIR HOLDINGS PLC

BOARD FROM SEPT 2024

The Board of Ryanair Holdings PLC today (Fri 30 Aug) announced that it has
been notified by Roberta Neri, an Italian Non-Exec Director, that
she plans to step down from the Board from 1 Sept next to
avoid any appearance of a conflict of interest. Ms Neri is an Operating
Partner at Asterion Industrial Partners, a Spanish investment fund
focusing on European infrastructures, which has recently
announced plans to make an equity investment in a number of larger Italian
airports from Oct 2024. Ryanair is one of the main
customer airlines operating to/from many of these airports. In order to
avoid any appearance of a conflict of interest, Ms Neri
has advised the Board that she does not feel it would be appropriate to
continue as a NED of Ryanair while at the same time holding her operating
partner role with an investment fund which owns a significant stake in a
number of these Italian Airports.

 

Ryanair has accepted Ms Neri's decision - with regret - but agrees with
her views on this issue.

 

Ryanair's Chairman Stan McCarthy said:

"I wish to thank Roberta sincerely for her contribution to the Board of
Ryanair over the last 8 months. When she joined Ryanair in Feb 2024, she
was already an operating partner to Asterion, which is a
large infrastructure fund. While Asterion did not previously have any
investments in Italian Airports, this is likely to change from Oct next when
Asterion are set to make a significant investment in a number of Italian
Airports. We agree with Roberta's view on the importance of avoiding
any appearance of conflict of interest and in these circumstances, we
accept, with regret, Roberta's decision to step down as an NED of
Ryanair from 1 Sept 2024."

 

ENDS
For further info

please contact:                           Ryanair
Press Office

Tel: +353-1-9451799

press@ryanair.com (mailto:press@ryanair.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ISEEALPNAFKLEFA