Ryanair buys 5.35 million of its own shares
23.04.08
Ryanair said yesterday it had bought back 5.35 million of its own shares at €2.65 each. After the cancellation of the shares, Europe's biggest low-cost airline will have 1.48 billion ordinary shares in issue, it added.
The airline's shares have dropped from over €4 at the start of the year and over €6 a year ago on the back of record fuel prices and weakening consumer confidence. However, the profitable airline is sitting on a substantial cash pile and, as it does not currently pay dividends, is returning some of it to the shareholders via a share buy back scheme.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book a stansted airport hotel or stansted airport car parking at the lowest price, click on these links to two great stansted airport car parking and stansted airport hotel price comparison pages.
