Ryanair buys back 615,000 shares as part of scheme

Ryanair has bought back 615,000 ordinary shares as part of its ongoing programme.

In an announcement on Friday, the budget carrier said it had purchased for cancellation the shares at the nominal value of €0.0006 each in the capital of the company.

The average price paid per ordinary share was €18.0523.

The purchases are part of its existing share buyback programme, details of which were announced in May. It will operate until the end of October at the latest.

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“Following the cancellation of the ordinary shares repurchased the company will have 1,202,648,783 ordinary shares in issue,” it said in a statement.

In May, Ryanair announced plans to return €600 million to investors through the buyback scheme.

Last November, it commenced a €550 million buyback programme over a four-month period.

This was to be divided equally between the American depositary receipts held by US stockholders and ordinary shares to comply with rules capping non-EU ownership of European airlines at less than 50 per cent.