Ryanair Holding PLC - EU Regulation 1008/2008

The European Union regulation 1008/2008 demands that air carriers with EU operations licence are majority-owned and controlled by EU nationals. As a result, Ryanair Holding PLC should limit the number of shares purchased after 1 January 2021 by non-EU nationals.

  • All Ryanair Holding PLC shares purchased before 1 January will not be impacted and shareholders may continue to hold them;

  • All Ryanair Holding PLC shares purchased after 1 January 2021 can be sold* at your discretion by 15:30 (GMT+1) 13 July 2021 or else will be sold automatically afterwards.

*You can calculate how many shares should be sold using the formula:

(Purchased shares in 2021) - (Sold shares in 2021).

Here’s an example:

  • if you purchased 100 Ryanair Holding PLC shares after 1 January 2021;
  • Afterwards, you have sold 40 Ryanair Holding PLC shares;

=> Now the remaining quantity of 60 more shares must be sold up until 13 July 2021. All impacted clients will be notified by email and in-app notification.

Fell free to submit your questions in the thread below :arrow_heading_down:

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The legislation for the people interested in it: Regulation (EC) No 1008/2008 of the European Parliament and of the Council of 24 September 2008 on common rules for the operation of air services in the Community (Recast) (Text with EEA relevance)

https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32008R1008

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Also has a bit about it and some basic FAQs

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@B.E , this EU Regulation also affects other EU airlines (with EU operations licence)? Like:

  • Air France - KLM SA
  • Deutsche Lufthansa AG

International Consolidated Airlines Group SA (ES0177542018) could also be included in this, as it is a holding company incorporated in Spain (“Sociedad Anonima”) that includes several EU airlines, such as, the flag carrier airline of Spain, Iberia, the flag carrier airline of Ireland, Aer Lingus and a Spanish low-cost airline, Vueling Airlines, S.A.?

Hi @RLX

Thanks, it’s something that we’re aware of; however, the flow is: IB contact us and confirm how the event will be executed> we proceed forward with it.

For now, we don’t have information about the companies mentioned above, but as soon as we have such - we’ll notify you, as we did today.

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So is it a case new shares shouldn’t have been allowed to have been bought after that time, and their legal docs give them power to force selling back to the 1st?

Is it a brokers job to know these things or the person buying to check they can buy? Should Ryanair have notified brokers?

Consequently, with effect from Hard Brexit Day, UK nationals will not be permitted to acquire
Ordinary Shares in the Company.

What happens if these cases don’t get picked up, must be loads of brokers that don’t know and their customers never bother to check.

2045: Sorry sir, those Ryanair shares you bought since 2021 we’ll need you to sell all those, you have five days to do it or we’ll do it for you.

I believe this is as our shares are registered in Trading212 UK’s name, even for us EU residents.

If and when we are transferred to the new Trading212 EU registered in Cyprus, or in the case of new users registered under the new broker, would this still apply?

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@Zergui :wave: Thanks for bringing this up. The restrictions would definitely not apply to clients registered under the EU entity.

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