Friday 27 May 2016

Chairman donates €700,000 worth of Ryanair shares to combat poachers

Published 20/02/2016 | 02:30

David Bonderman. Photo: Bloomberg
David Bonderman. Photo: Bloomberg

Ryanair's billionaire chairman, David Bonderman, has handed over nearly €700,000 worth of the airline's shares to his US charitable foundation that helps combat poaching in Africa.

Mr Bonderman transferred 46,800 Ryanair shares to the Wildcat Foundation this week from an entity controlled by him, 1996 Air GP Inc. Based on Ryanair's share price of €14.31 yesterday in Dublin, the shares he handed over to the charity are worth €670,000. The Wildcat Foundation supports wildlife conservation across Africa, in countries including Kenya, Tanzania and Cameroon. Between 2013 and 2014, the charity approved over $16m in support of projects in Africa.

News agency Reuters reported earlier this month that Mr Bonderman's foundation provided funding of $1.5m to help Tanzania's National and Transnational Serious Crimes Investigation Unit (NTSCIU) hunt down poachers who have been annihilating the country's elephant population.

Mr Bonderman has been chairman of Ryanair since 1996, when he and associates invested in the airline. "It was a small investment which turned out nicely," Mr Bonderman told the Irish Independent in an interview last year.

Irish Independent

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