REG - Ryanair Holdings PLC Ryanair Holdings-RYA - RYANAIR HOLDINGS PLC ANNOUNCES ADS RATIO CHANGE

Ryanair HoldingsAnnouncement

15/08/2024 14:00

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RNS Number : 6356A  Ryanair Holdings PLC  15 August 2024

Ryanair Holdings Plc Announces ADS Ratio Change

Ryanair Holdings plc (the "Company" or "Ryanair") has today (15 August 2024)
announced that it has agreed with The Bank of New York Mellon (the
"Depositary") to change the ratio of the American depositary shares (the
"ADSs") representing its ordinary shares from one (1) ADS representing five
(5) ordinary shares to one (1) ADS representing two (2) ordinary shares (the
"ADS Ratio Change"). The ADS Ratio Change is expected to become effective on
or about 27 September 2024, with trading on the basis of the new ratio to
commence on or about 30 September 2024.

For Ryanair's ADS holders, the ADS Ratio Change will be accomplished by
distributing one and one-half (1 ½) additional ADSs for each ADS held as of
the record date of 25 September 2024.  The payable date for the distribution
is expected to be 27 September 2024. There will be no change to Ryanair's
ordinary shares.

Ryanair's ADSs will continue to be traded on Nasdaq under the symbol "RYAAY".

No fractional new ADSs will be issued in connection with the ADS Ratio Change.
Instead, fractional entitlements to new ADSs will be aggregated and sold by
the Depositary and the net cash proceeds from the sale of the fractional ADS
entitlements will be distributed to the applicable ADS holders by the
Depositary, in each case in accordance with the Depositary's then current
procedures and practices and after any deductions as provided in the deposit
agreement between the Company and the Depositary.

The ratio change will affect all ADS holders uniformly, will not reduce any
ADS holder's ownership percentage except for minor adjustments that may result
from the treatment of fractional ADSs and will not result in any change to
Ryanair's share capital. As a result of the ADS Ratio Change, the ADS price is
expected to decrease proportionally.

Certain of the information included in this release is forward looking and is
subject to important risks and uncertainties that could cause actual results
to differ materially.  It is not reasonably possible to itemise all of the
many factors and specific events that could affect the outlook and results of
an airline operating in the European economy.  Among the factors that are
subject to change and could significantly impact Ryanair's expected results
are the airline pricing environment, fuel costs, competition from new and
existing carriers, market prices for the replacement of aircraft, costs
associated with environmental, safety and security measures, actions of the
Irish, U.K., European Union and other governments and their respective
regulatory agencies, post-Brexit uncertainties, weather related disruptions,
ATC strikes and staffing related disruptions, delays in the delivery of
contracted aircraft, fluctuations in currency exchange rates and interest
rates, airport access and charges, labour relations, the economic environment
of the airline industry, the general economic environment in Ireland, the U.K.
and Continental Europe, the general willingness of passengers to travel and
other economics, social and political factors, global pandemics such as
Covid-19 and unforeseen security events.

 

For further info please contact:

Peter Larkin

Head of Investor Relations

Tel: +353-1-9451212

 

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