June 20, 2012
Ryanair makes cash offer for Aer Lingus Group Plc
The Board of Ryanair Holdings plc announced its intention to make an all cash offer of €1.30 per share for the entire issued and to be issued share capital of Aer Lingus Group plc, valuing the current issued share capital of Aer Lingus at approximately €694m. Ryanair intends to make this Offer through its wholly-owned subsidiary, Coinside Limited (Coinside). Ryanair already owns 29.82% of Aer Lingus, a stake which it largely acquired over five years ago in late 2006 and early 2007.
This cash offer represents a premium of 38.3% over the Closing Price of an Aer Lingus Share of €0.94 on 19th June 2012, the last day prior to this announcement; and a premium of 46.7% over the average Closing Price of an Aer Lingus Share for the 6 months to 19 June 2012. The Offer Price of €1.30 is in addition to the dividend for each Aer Lingus share of approximately €0.03 declared by Aer Lingus on 4 May 2012 and payable on 31 July 2012.