10th Oct 2007 13:18
Ryanair Holdings PLC10 October 2007 European Union Reject's Aer Lingus Request "Ryanair notes the European Commission's confirmation that it has properlyrejected Aer Lingus' request to force Ryanair to sell its stake in Aer Lingus onthe basis that Ryanair has no influence or control in Aer Lingus. Given that AerLingus has twice rejected Ryanair's request for an EGM, it is impossible for AerLingus to claim that Ryanair have any influence or control over them. We presumethis initiative was designed to cover Aer Lingus' embarrassment at a currentshare price of €2.35, which is 20% less than Ryanair's offer of €2.80 almost 1year ago". "Sadly, Aer Lingus passengers continue to suffer higher fares and increased fuelsurcharges as a result of the EU Commission's prohibition of Ryanair's offer forAer Lingus, which guaranteed to deliver those passengers lower fares and toremove fuel surcharges." Ends. Wednesday, 10th October 2007 For reference: Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants Tel: +353-1-8121228 Tel: +353-1-4980300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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