REG - Ryanair Holdings PLC - 1st Quarter Results <Origin Href="QuoteRef">RYA.I</Origin> - Part 2

Ryanair HoldingsAnnouncement

06/09/2014 20:41

- Part 2: For the preceding part double click  ID:nRSb4207Na 

debt...........................................................................................................................     465.9            465.9       
 Trade payables...........................................................................................................................     184.2            184.2       
 Accrued expenses......................................................................................................................        1,825.2          1,825.2     
                                                                                                                                               2,532.3          2,532.3     
 Total financial liabilities at June 30, 2014................................................................................                  5,946.6          5,996.3     
 
 
Trade
payables........................................................................................................................... 
 
184.2 
 
184.2 
 
Accrued
expenses...................................................................................................................... 
 
1,825.2 
 
1,825.2 
 
2,532.3 
 
2,532.3 
 
Total financial liabilities at June 30,
2014................................................................................ 
 
5,946.6 
 
5,996.3 
 
13.     Share buy-back 
 
There were no share buy-backs in the period.  In the quarter ended June 30,
2013 the Company bought back 24.1m ordinary shares at a total cost of E176.6m.
 This was equivalent to approximately 1.7% of the Company's issued share
capital.  All ordinary shares repurchased were cancelled.  Accordingly, share
capital decreased by 24.1m ordinary shares with a nominal value of E0.2m and
the capital redemption reserve increased by a corresponding E0.2m.  The
capital redemption reserve is required to be created under Irish law to
preserve permanent capital in the Parent Company. 
 
14.     Eurobond 
 
In June 2014, Ryanair issued a 7 year unsecured eurobond, under its EMTN
programme, with a coupon of 1.875% p.a. and a notional principal of E850
million. The issue price on the bond was 99.52% which generated proceeds of
approx. E846 million following discounting. 
 
15.     Related party transactions 
 
We have related party relationships with our subsidiaries, directors and
senior key management personnel. All transactions with subsidiaries eliminate
on consolidation and are not disclosed. 
 
There were no related party transactions in the quarter ended June 30, 2014
that materially affected the financial position or the performance of the
Company during that period and there were no changes in the related party
transactions described in the 2013 Annual Report that could have a material
effect on the financial position or performance of the Company in the same
period. 
 
16.     Post balance sheet events 
 
There were no significant post balance sheet events. 
 
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