12/29/2020, 9:52 AM (Source: TeleTrader)
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Ryanair restricts voting rights of non-EU shareholders

Ryanair Holdings plc announced on Tuesday that it will restrict all shares held by non-European Union nationals to ensure the airline remains majority EU-owned and controlled after the United Kingdom's withdrawal from the bloc.

The resolution is necessary to guarantee continued compliance with the airline ownership and control requirements of EU regulation, Ryanair stated. It will stay in place until the company's board determines that ownership and control are no longer at risk.

Holders of restricted shares will lose the right to attend, speak or vote at any general meeting of the company, Ryanair said in the press release.

Breaking the News / MD