2nd Dec 2005 12:43
Ryanair Holdings PLC02 December 2005 RYANAIR'S DUBLIN PILOTS EACH RECEIVE OVER €60,000 SHARE OPTION WINDFALL Ryanair, Europe's largest low fares airline, today (Friday, 2nd December 2005)confirmed that many of its Dublin pilots have received windfalls of over €60,000each by selling their share options, which became exercisable from yesterday(1st December). Based on today's share price of €7.50 the options have a valueof €190,000, yielding windfalls of over €60,000 for each participating pilot. The share options form part of the collective 5 year pay, benefit and shareoption scheme that the Dublin pilots negotiated directly with the airline inNovember 2000 and are the ninth tranche of options which Ryanair's Dublin pilotshave enjoyed over each of the past nine years. The total value of these optionsto each qualifying Dublin pilot since Ryanair floated in 1997 is almost €500,000and if disposed of at the exercise date, they have generated a total profit ofalmost €300,000 for each qualifying Dublin pilot. Welcoming this latest tranche of profitable share options for Ryanair's pilots,Ryanair's Director of Personnel, Eddie Wilson said: "Ryanair will continue to negotiate directly with all our people, and we hope that as a result of this internal collective bargaining process our people will continue to share in Ryanair's success as we grow to become Europe's largest and most valuable airline." "This latest €60,000 share option profit is one of many benefits which Ryanair's Dublin pilots have negotiated directly with Ryanair. Ryanair's pay, promotion, job security and share options are better than any other 737 pilot package in Europe. This is why Ryanair has over the past 12 months recruited more than 150 pilots from other airlines including Easyjet, Lufthansa, SAS, Alitalia and British Midlands". Ends. Friday, 2nd December 2005 For reference:Peter Sherrard - Ryanair Pauline McAlester - Murray ConsultantsTel: 00-353-1-8121228 Tel: 00-353-1-4980300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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