Report of Foreign Issuer (6-k)
September 24 2015 - 7:02AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of September 2015
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No ..X..
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
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RYANAIR TO DISTRIBUTE €398M AER LINGUS PROCEEDS TO SHAREHOLDERS
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BOARD APPROVES 'B' SHARE PROGRAMME (SUBJECT TO EGM APPROVAL)
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Ryanair, Europe's favourite airline, held its AGM in Dublin this morning (24 Sep 2015), during which the airline briefed shareholders on the continuing success of its "Always Getting Better" (AGB) customer experience programme, which has enabled Ryanair to raise its full year traffic forecast (previously 103m) to 104m customers, and its profit guidance by 25%, (previously €970m) to €1.2bn.
Ryanair briefed shareholders on further AGB improvements later this year, including new primary airports in Amsterdam, Cologne, and Copenhagen, a new personalised website with advanced features ('hold the fare'), an improved mobile app, new cabin interiors, crew uniforms and improved inflight menus.
Ryanair's AGM also heard of plans to distribute the proceeds (€398m) from the sale of Ryanair's 29.8% stake in Aer Lingus, to its shareholders via a 'B' Share programme which will be concluded, subject to EGM approval, before December. This will bring the total funds returned by Ryanair to shareholders this year to €800m and in excess of €3.3bn since 2008.
Ryanair Chairman David Bonderman said:
"During our 30th year, Ryanair will grow traffic by over 13m to 104m customers. It is clear that consumers all over Europe are delighted by, and switching to our "AGB" customer experience programme, our industry leading punctuality and our unbeatable low fares. Ryanair's combination of low fares and AGB service continues to deliver for our customers, our people and our shareholders.
Following the sale of our 29.8% stake in Aer Lingus, the Board intends to distribute the €398m proceeds to shareholders by way of a 'B' share programme. We expect this programme will be completed - subject to EGM approval - before the end of the calendar year. When completed we will have returned €800m to shareholders this year, and over €3.3bn over the last 7 years, in addition to more than doubling our share price over the last 18 months."
ENDS
For further information
please contact: Robin Kiely Joe Carmody
Ryanair Ltd Edelman Ireland
Tel: +353-1-9451949 Tel: +353-1-6789 333
press@ryanair.com ryanair@edelman.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: 24 September 2015
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By:___/s/ Juliusz Komorek____
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Juliusz Komorek
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Company Secretary
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