Source - RNS
RNS Number : 7507J
Ryanair Holdings PLC
14 September 2016
 

RYANAIR SHAREHOLDERS APPROVE ALL RESOLUTIONS AT AGM

 

Ryanair, Europe's favourite airline, today (14 Sep) held its 2016 AGM in Dublin during which shareholders approved all resolutions by substantial majorities (see attached). The airline also briefed shareholders on the continuing success of its "Always Getting Better" (AGB) customer experience improvement programme, which has already enabled Ryanair to raise its full year traffic forecast to 117m customers, with a full year net profit guidance range of €1,375m to €1,425m.

 

Amongst the highlights of the last year were:

 

·    Traffic grew by 18% to 106.4m customers as load factors rose from 88% to 93%

·    7 new bases & more than 100 new routes launched

·    More primary airports & bases (Hamburg, Luxembourg, Milan Malpensa, Nuremberg)

·    First airline to carry over 100m international customers in a calendar year

·    First airline to carry over 11m international customers in a calendar month (July)

·    Five year pay & conditions deals agreed with all 84 pilot and cabin crew bases

·    Over 2,000 new jobs created (bringing total headcount to 11,500)

·    Year 3 of AGB launched

·    Aer Lingus proceeds (€400m) returned to shareholders

·    €800m share buy-back programme completed

·    Increased profit after tax by 43% to €1,242m (before an exceptional gain of €317.5m from the sale of 29.8% shareholding in Aer Lingus)

 

Ryanair customers can look forward to further improvements in the coming year including even lower fares, the early launch of the summer 2017 schedule, digital enhancements such as travel extras in the app, 'one-flick' payments and automatic check-in, a "My Ryanair Club" with member benefits, and the launch of the Ryanair Rooms accommodation platform, as AGB continues to deliver for Ryanair's customers, people and shareholders.

 

Ryanair Chairman, David Bonderman said:

 

"Our record traffic and load factor growth demonstrates the continued success of Ryanair's low fares and our "Always Getting Better" (AGB) customer experience programme. As our recent full year guidance confirmed, Ryanair expects average fares to fall by between 10% to 12% in the 6 months to March 2017 (this winter), so there's never been a better time to book a low fare flight on Ryanair, with even more value for our rapidly growing customer base."

 

 

        ENDS

 

For further information

please contact:           Robin Kiely                            Piaras Kelly

                                                Ryanair Ltd                            Edelman Ireland

                                                Tel: +353-1-9451949              Tel: +353-1-6789 333

                                                [email protected]                [email protected]

           

 

ANNUAL GENERAL MEETING OF RYANAIR HOLDINGS PLC HELD ON 14th SEPTEMBER 2016  

RESULTS

 

Each of the Resolutions put to the Annual General Meeting on 14th September 2016 was decided on a show of hands. All Resolutions were carried. Results of proxy votes are set out in the following table. Details of the Resolutions are contained in the Notice of Meeting, which is available on the Ryanair website.

 

 

 

Votes For

Votes Against

Total Votes*

 

Votes Withheld *

Total                                       (Inc Withheld)

 

Number

Percentage

Number

Percentage

 

 

Number

Number

Resolution 1

836,650,664

99.10%

7,606,404

0.90%

844,257,068

 

1,039,700

845,296,768

Resolution 2

701,441,494

85.18%

122,048,142

14.82%

823,489,636

 

21,807,132

845,296,768

Resolution 3A

718,874,221

88.24%

95,846,732

11.76%

814,720,953

 

30,575,815

845,296,768

Resolution 3B

793,480,722

96.14%

31,873,432

3.86%

825,354,154

 

19,942,614

845,296,768

Resolution 3C

796,290,971

95.19%

40,231,966

4.81%

836,522,937

 

8,773,831

845,296,768

Resolution 3D

788,434,758

95.15%

40,185,752

4.85%

828,620,510

 

16,676,258

845,296,768

Resolution 3E

793,478,722

96.14%

31,875,432

3.86%

825,354,154

 

19,942,614

845,296,768

Resolution 3F

781,255,006

94.49%

45,528,372

5.51%

826,783,378

 

18,513,390

845,296,768

Resolution 3G

796,750,522

95.25%

39,771,661

4.75%

836,522,183

 

8,774,585

845,296,768

Resolution 3H

836,727,223

98.99%

8,569,545

1.01%

845,296,768

 

0

845,296,768

Resolution 3I

802,679,373

95.20%

40,468,670

4.80%

843,148,043

 

2,148,725

845,296,768

Resolution 3J

720,528,359

87.40%

103,859,798

12.60%

824,388,157

 

20,908,611

845,296,768

Resolution 3K

810,882,651

96.93%

25,639,649

3.07%

836,522,300

 

8,774,468

845,296,768

Resolution 3L

837,571,435

99.09%

7,724,748

0.91%

845,296,183

 

585

845,296,768

Resolution 4

811,806,874

98.31%

13,976,987

1.69%

825,783,861

 

19,512,907

845,296,768

Resolution 5

826,543,655

97.99%

16,939,388

2.01%

843,483,043

 

1,813,725

845,296,768

Resolution 6

841,726,383

99.58%

3,522,846

0.42%

845,249,229

 

47,539

845,296,768

 

* As "Votes Withheld" are not votes in law, they are not taken into account in the calculation of the proportion of the votes For and Against or in the Total Votes shown.

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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