Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
August 15 2024 - 8:58AM
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 Holdings Plc Announces ADS Ratio Change
Ryanair
Holdings plc (the "Company" or "Ryanair") has today (15 August 2024) announced that it has
agreed with The Bank of New York Mellon (the "Depositary") to
change the ratio of the American depositary shares (the "ADSs")
representing its ordinary shares from one (1) ADS representing five
(5) ordinary shares to one (1) ADS representing two (2) ordinary
shares (the "ADS Ratio Change"). The ADS Ratio Change is expected
to become effective on or about 27 September 2024, with trading on
the basis of the new ratio to commence on or about 30 September
2024.
For
Ryanair's ADS holders, the ADS Ratio Change will be accomplished by
distributing one and one-half (1 ½) additional ADSs for each
ADS held as of the record date of 25 September 2024. The
payable date for the distribution is expected to be 27 September
2024. There will be no change to Ryanair's ordinary shares.
Ryanair's
ADSs will continue to be traded on Nasdaq under the symbol
"RYAAY".
No
fractional new ADSs will be issued in connection with the ADS Ratio
Change. Instead, fractional entitlements to new ADSs will be
aggregated and sold by the Depositary and the net cash proceeds
from the sale of the fractional ADS entitlements will be
distributed to the applicable ADS holders by the Depositary, in
each case in accordance with the Depositary's then current
procedures and practices and after any deductions as provided in
the deposit agreement between the Company and the
Depositary.
The
ratio change will affect all ADS holders uniformly, will not reduce
any ADS holder's ownership percentage except for minor adjustments
that may result from the treatment of fractional ADSs and will not
result in any change to Ryanair's share capital. As a result of the
ADS Ratio Change, the ADS price is expected to decrease
proportionally.
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 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.
For
further info please contact:
Peter
Larkin
Head of
Investor Relations
Tel:
+353-1-9451212
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.
|
By:___/s/
Juliusz Komorek____
|
|
|
|
Juliusz
Komorek
|
|
Company
Secretary
|
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