Ryanair launches share buy-back programme

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Ryanair today entered into an irrevocable arrangement with its broker, Citigroup Global Markets, to commence a share buy-back programme to repurchase up to 70.1 million of ordinary shares.

The Irish budget carrier's share buyback will run no later than 14 March 2014, according to the airline.

Citigroup may undertake transactions in the shares, which could include participation in block purchases, in order to meet its obligations pursuant to the buyback.

Ryanair says the arrangement is in accordance with the Irish Stock Exchange and its general authority to repurchase shares.