SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
month of February
RYANAIR HOLDINGS PLC
of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
County Dublin Ireland
of principal executive offices)
by check mark whether the registrant files or will file
under cover Form 20-F or Form 40-F.
20-F..X.. Form 40-F
by check mark whether the registrant by furnishing the
in this Form is also thereby furnishing the information to
pursuant to Rule 12g3-2(b) under the Securities
"Yes" is marked, indicate below the file number assigned to the
connection with Rule 12g3-2(b): 82- ________
RYANAIR HOLDINGS ISSUES SHARE OPTIONS TO DIRECTORS
Ryanair Holdings Plc today (Fri, 8 Feb) confirmed that it had
issued Share Options to its Directors, during the current open
period, granting each Director options over shares at a strike
price of €11.12.
Ryanair's Executive Director Michael O'Leary has been granted
options over 10m shares at this strike price. The terms of the
options will require him to double Ryanair's profitability to
€2bn p.a. and/or increase the share price to €21 per
share over the next 5 years to qualify for all of these options. He
will then be required to pay the full option price of €11.12
to take up these options.
Each of the 11 non-Executive Directors have also been granted
options over 50,000 shares each at a strike price of €11.12.
Again, the Company will have to double its profitability to
€2bn p.a. and/or increase the share price to over €21
per Ordinary Share for the non-Exec Directors to qualify for all of
these Share Options, which they will be required to pay the full
option price of €11.12 per share to take up these
Note: The closing price of
Ryanair Holdings Plc Ordinary Shares on Thurs 7 Feb was
€11.12 per share.
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.