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Ryanair Holdings PLC Form 6-K: Key Changes in Major Shareholder Voting Rights

$RYAAY
Form 6-K
Filed on: 2024-12-27
Source
Ryanair Holdings PLC Form 6-K: Key Changes in Major Shareholder Voting Rights

Here are the key insights and information extracted from the financial report (Form 6-K) regarding Ryanair Holdings PLC:

  1. Document Type and Purpose: This is a Form 6-K filed by Ryanair Holdings PLC, which is a report of a foreign private issuer, specifically intended to notify the SEC about major holdings.
  2. Notification of Major Holdings: The report details significant changes in the voting rights associated with shares of Ryanair Holdings PLC:
  • The Capital Group Companies, Inc. reported an acquisition or disposal of voting rights that resulted in a decrease below the 13.00% threshold.
  • Specifically, Capital Research and Management Company (a part of Capital Group) decreased its holdings below 13.00% of total voting rights outstanding.
  1. Key Dates:
  • Threshold Crossed: December 24, 2024.
  • Issuer Notification Date: December 26, 2024.
  1. Current Holdings:
  • As of the date the threshold was crossed, the resulting situation was:
    • Percentage of Voting Rights Held: 12.94%.
    • Total Number of Voting Rights: 1,081,440,919.
  1. Previous Notification: The previous position was reported as 13.02%, indicating a reduction in holdings of approximately 0.08%.
  2. Person Subject to Notification: The report identifies "The Capital Group Companies, Inc." based in Los Angeles as the entity responsible for the notification.
  3. Details of Holdings:
  • Direct Voting Rights: 12.94% of total voting rights.
  • Voting Rights through Financial Instruments: 0.00%.
  • Total voting rights across all categories: 12.94%.
  1. Affiliates and Structure: The Capital Group Companies, Inc. is indicated as a parent company to several investment management firms which manage investments on behalf of clients, without owning shares for their own accounts.
  2. Signature and Authority: The report is signed by Juliusz Komorek, the Company Secretary of Ryanair Holdings PLC, affirming its authenticity and compliance with the Securities Exchange Act of 1934.

This report highlights a significant change in ownership and voting rights which may impact governance and decision-making processes within Ryanair Holdings PLC. The decrease in holdings below the 13% threshold is noteworthy for investors and analysts monitoring shareholder influence and corporate governance.