Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
08 Agosto 2024 - 10:59AM
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 August 2024
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- ________
RYANAIR ANNOUNCES FOLLOW ON SHARE BUYBACK OF
€800M
AS CASHFLOW IMPROVES DUE TO STRONG TRAFFIC GROWTH
& BOEING DELIVERY DELAYS
The
Board of Ryanair Holdings plc today (8 Aug.)
announced that while S24 airfares had softened more than expected,
cashflows have improved due to strong traffic growth and Boeing
delivery delays which has considerably delayed planned
capex.
Ryanair
now expects to complete its current €700m share buyback by
the end of Aug. Given the stronger than expected cash position, the
Board has decided to announce a follow-on buyback of up to
€800m. This will take total buybacks announced in FY25
to c.€1.5bn. Subject to market rules, Ryanair
expects this follow-on buyback will take between 6 and 9 months to
complete.
The
Board of Ryanair will also request Shareholders (at its Sept. AGM)
to approve an increase in the annual buyback authority from 10% of
issued share capital, to up to 15% during the 12-month period after
each AGM. As Ryanair faces into a 2-year period with no new
aircraft deliveries from mid-2025 to mid-2027, it expects cashflow
to receive a short term boost due to this temporary cut in aircraft
capex. This creates the capacity to extend shareholder
returns, which over the last 15 years amounts to c.€8bn
(incl. dividends) with over 30% of shares repurchased.
Ryanair's
AGM Notice will be published on www.ryanair.com this
week and issued to shareholders in the coming days. The
2024 AGM is scheduled for Thurs. 12 Sept.
ENDS
This announcement contains inside information.
|
For
further information
please
contact:
www.ryanair.com
|
Peter
Larkin
Ryanair
Head of Investor Relations
Tel: +353-1-9451212
|
Paul
Clifford
Drury
Tel: +353-1-260-5000
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Ryanair Holdings plc, Europe's largest airline group, is the parent
company of Buzz, Lauda, Malta Air, Ryanair & Ryanair UK.
Carrying c.200m guests p.a. on over 3,600 daily flights from 95
bases, the Group connects 235 airports in 37 countries on a fleet
of 600 aircraft, with a further 350 Boeing 737s on order, which
will enable the Ryanair Group to grow traffic to 300m p.a. by FY34.
Ryanair has a team of over 27,000 highly skilled aviation
professionals delivering Europe's No.1 operational performance, and
an industry leading 39-year safety record. Ryanair is one of the
most efficient major EU airlines. With a young fleet and high
load factors, Ryanair's CO₂ per pax/km is just 65
grams.
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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 ("EU") 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.
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: 08
August, 2024
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By:___/s/
Juliusz Komorek____
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Juliusz
Komorek
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Company
Secretary
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Ryanair (PK) (USOTC:RYAOF)
Gráfica de Acción Histórica
De Jul 2024 a Ago 2024
Ryanair (PK) (USOTC:RYAOF)
Gráfica de Acción Histórica
De Ago 2023 a Ago 2024
