Ryanair concludes €600m share buyback programme
Ryanair has confirmed that it has completed its €600m share buyback programme which it announced in May of this year.
In a statement to the Irish Stock Exchange the company said that on 25 September it purchased for cancellation a total of 445,563 ordinary shares of nominal value €0.006 each in the capital of the company concluding the buyback programme.
The average price paid for the shares yesterday was €16.3386.
Following the cancellation of the ordinary shares repurchased the company will have 1,183,788,409 ordinary shares in issue.
Ryanair has seen its share price slump recently on the back of a European Court of Justice ruling in relation to employment rights, as well as its cancelling of thousands of flights because of what it described as a "significant management failure in our rostering department".
This is the company's second share buyback programme in 12 months, with Citigroup and Davy Stockbrokers working as brokers for Ryanair.