Latest news with #budgetairline
Malay Mail
4 days ago
- Business
- Malay Mail
Jackpot! Ryanair CEO O'Leary set for €111m bonus as shares surge
DUBLIN, May 31 — Ryanair boss Michael O'Leary is on track to receive more than €100 million (US$113.6 million) worth of share bonuses, reported PA Media/dpa. The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target. Shares in the budget airline have met a requirement to close above €21 for a 28th consecutive day. The share rule was set up in February 2019, requiring the consistently high level of shares before 2028. It would provide him with 10 million shares worth around €111.2 million. O'Leary will receive the share package if he stay with the business, which he has led since 1994, until 2028. Ryanair shares sat at €23.28 on Friday despite dipping slightly from their peak the previous day. Ryanair has been contacted for comment. When asked about the share option earlier this month, O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid 20-25 million a year. 'I think Ryanair shareholders are getting a particular value out of our share options - both mine and the rest of the management team.' Rival low-cost rival carrier Wizz Air has a similar pay pledge for its chief executive Jozsef Varadi, which would provide him with £100 million (US$135 million) worth of bonuses if its share reached £120 by 2028. Its shares are currently valued at around £16. — Bernama/dpa
BreakingNews.ie
4 days ago
- Business
- BreakingNews.ie
Ryanair boss Michael O'Leary on track for €100m bonus
Ryanair chief executive Michael O'Leary is on track to receive more than €100 million worth of share bonuses. The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target. Advertisement Shares in the budget airline have met a requirement to close above €21 for a 28th consecutive day. The share rule was set up in February 2019, requiring the consistently high level of shares before 2028. Ryanair shares sat at €23.28 euros on Friday. Photo: Peter Byrne/PA It would provide him with 10 million shares worth around €111.2 million. Mr O'Leary will receive the share package if he stays with the business, which he has led since 1994, until 2028. Advertisement Ryanair shares sat at €23.28 on Friday despite dipping slightly from their peak the previous day. Ryanair has been contacted for comment. Ireland Ryanair to raise prices as it seeks return to prof... Read More When asked about the share option earlier this month, Mr O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid €20-25 million a year. 'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.' Advertisement Rival low-cost rival carrier Wizz Air has a similar pay pledge for its chief executive Jozsef Varadi, which would provide him with £100 million (€118) worth of bonuses if its share reached £120 by 2028. Its shares are currently valued at around £16.
The Independent
5 days ago
- Business
- The Independent
Ryanair boss Michael O'Leary on track for 100 million euro bonus
Ryanair boss Michael O'Leary is on track to receive more than 100 million euros (£84.2 million) worth of share bonuses. The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target. Shares in the budget airline have met a requirement to close above 21 euros for a 28th consecutive day. The share rule was set up in February 2019, requiring the consistently high level of shares before 2028. It would provide him with 10 million shares worth around 111.2 million euros (£93.4 million). Mr O'Leary will receive the share package if he stay with the business, which he has led since 1994, until 2028. Ryanair shares sat at 23.28 euros on Friday despite dipping slightly from their peak the previous day. Ryanair has been contacted for comment. When asked about the share option earlier this month, Mr O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid 20-25 million a year. 'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.' Rival low-cost rival carrier Wizz Air has a similar pay pledge for its chief executive Jozsef Varadi, which would provide him with £100 million worth of bonuses if its share reached £120 by 2028. Its shares are currently valued at around £16.
Argaam
7 days ago
- Business
- Argaam
Key dates, subscription period for flynas IPO
Retail investors began subscribing today, May 28, to 10.25 million shares of Saudi Arabia's budget airline flynas at SAR 80 per share. The subscription period continues for three days until June 1. The company offered 51.3 million shares, or 30% of its capital, 20% of which were allocated to retail investors and 80% to institutions.
Arabian Business
22-05-2025
- Business
- Arabian Business
Flynas prices IPO at top of the range after frenzied institutional interest
Following the massive institutional interest in its initial public offering (IPO), Flynas, Saudi Arabia's budget airline, has priced it at SAR80 (US$21.33) per share – at the top of the price range. The institutional book building closed on 18 May, and the portion reserved was oversubscribed nearly 100 times, attracting orders of SAR409 billion (US$109 billion) for the IPO that is scheduled to raise SAR4.1 billion (US$1.1 billion) from the 51.3 million shares being floated (30 per cent of the company's share capital). Sale of the second tranche for retail investors begins on 28 May and ends on 1 June. Final allocation is scheduled to be completed on 3 June. The company is offering 17.42 million new ordinary shares and 33.82 million of existing ordinary shares during the offer. Following the completion of the IPO, part of the net proceeds will be used to finance the company's incentive programme and also distributed to the selling shareholders on a pro-rata basis. From the sales of the new shares, 34 per cent will be used to finance its growth strategy and for general corporate purposes. At SAR80 per share, the market capitalisation of Flynas will be SAR13.7 billion (US$3.65 billion).
