Ryanair to seek approval for more share buybacks

Airline wants market flexibility after Brexit volatility

1st July, 2016
Ryanair to hold EGM Pic: Getty

Ryanair has confirmed it will hold an EGM of shareholders in Dublin on Wednesday July 27 to seek approval from shareholders for further share buybacks over the next 15 months.

In a statement, Ryanair said it was seeking shareholder backing after completing its latest round of share buybacks, during which it spent around €885m buying just over 65 million shares at a price of just under €13.48 each.

Ryanair chief executive Michael O'Leary said the company remained...

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