Ryanair To Repurchase Shares - Quick Facts

(RTTNews) - Irish low-cost airline Ryanair Holdings Plc. (RYA.L, RYAAY) has reached an irrevocable arrangement with its broker, Citigroup Global Markets Ltd., to begin a share buyback programme to repurchase on its behalf ordinary shares of 0.00635 euros each, subject to a maximum consideration of 70.1 million euros, during the period commencing on December 20, 2013 and ending not later than March 14, 2014. All shares repurchased would be cancelled. This arrangement is in accordance with Chapter 9 of the Listing Rules of the Irish Stock Exchange and the firm's general authority to buy back shares.

Citigroup may be undertaking transactions in the shares, which may include participation in block purchases, for the period from the date of this announcement to the purchase date in order to meet its obligations pursuant to this buy-back.

The company may acquire shares on any given day during the buyback period in volumes not exceeding the average daily trading volume in the month preceding the date of this announcement on the regulated market on which the purchases are carried out, in accordance with European Commission Regulation No. 2273/2003 on buyback programmes and stabilisation of financial instruments.