Ryanair cracks down on British investors

DUBLIN – Ryanair no longer accepts new British shareholders since Brexit. The airline is now cracking down on investors who disregarded the provisions.

Ryanair initates a “forced sale” of about one million shares bought by British investors since Jan. 1, 2021.

“This is necessary to ensure continued compliance by the Company and its EU airline subsidiaries with the airline ownership and control requirements of EU Regulation 1008/2008,” Ryanair said in a filing.

British shareholders who bought their shares before Brexit are not affected by the forced sale campaign, but may neither attend nor vote in general meetings.

© aero.uk | 15/09/2021 15:38

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