20th Feb 2007 17:51
Ryanair Holdings PLC20 February 2007 Ryanair Holdings Plc ("Ryanair" or the "Company") Stock Split Application has been made to both the Irish Stock Exchange and the UK ListingAuthority for 1,551,500,778 Ordinary Shares of 0.635 euro cents each in thecapital of the Company ("New Ordinary Shares") to be admitted to dealing on theOfficial List of the Irish Stock Exchange and the Official List of the UKListing Authority and application has also been made to the London StockExchange for these New Ordinary Shares to be admitted to trading on the mainmarket for listed securities of the London Stock Exchange. Of these, 5,010,074Ordinary Shares of 0.635 euro cents each remain unallotted pursuant to theCompany's blocklisting facilities. This application is being made pursuant to a stock split which was approved byShareholders at the Extraordinary General Meeting of the Company on 14 December,2006 and the implementation of which was confirmed in the Company's 3rd Quarterresults announcement issued on 5 February, 2007. Dealings in the New Ordinary Shares are expected to commence on Monday, 26February, 2007. Accordingly, the last day of dealing in the existing OrdinaryShares will be Friday, 23 February, 2007. Details of the Sub-division Pursuant to the Sub-division each Ordinary Share with a current nominal value of1.27 euro cents each will be divided into 2 new Ordinary Shares with a nominalvalue of 0.635 euro cents each. The effect of the proposal is that each shareholder will own two New OrdinaryShares for every one existing Ordinary Share (or ADS as the case may be) held ona record date of 23 February, 2007. Except for this change, the New OrdinaryShares will in all other respects be the same as the existing Ordinary Shares.Subject to market conditions, the aggregate value of each shareholder's holdingof shares should remain the same following the Sub-division. The underlyinginterests of Shareholders in the profits and net assets of the Group will not beaffected by the Sub-division and shareholders will have the same rights and besubject to the same restrictions as under their existing holding of OrdinaryShares. The Sub-division will not result in any new shares being issued by the Companyor becoming available in whole or in part to the public. Certificated Holders New share certificates reflecting the New Ordinary Shares following theSub-division will be issued to Ryanair Shareholders on request in exchange fortheir existing share certificates and as the Company's Registrars receive oldshare certificates for the purpose of processing share disposals or transfers inthe normal course of business. Existing share certificates for Ordinary Sharesremain valid, but will represent twice the number of Ordinary Shares stated onthe certificate. With regard to the Company's American Depository Shares (''ADS's''), the existing ADS ratio, where one ADS represents five Ordinary Shareswill remain. Following the Sub-division the number of ADS's held by an ADRholder will be doubled. Uncertificated holders For holdings in uncertificated form, it is expected that the appropriate shareaccounts in CREST will be credited with entitlements to the New Ordinary Shareson 26 February, 2007. New ISIN Code The New Ordinary Shares have been allocated a new ISIN Code. This isIE00B1GKF381. The SEDOL code is B - 1GK - F38. These new codes will be effectivefrom commencement of dealings on Monday, 26 February, 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RYA.L