Ryanair initiates moves to limit UK shareholder base

Ryanair has amended the terms of a €700m share buyback programme to allow block repurchases it says could limit the holdings of British shareholders and ensure that it remains majority EU-owned after Brexit.

Ryanair triggered contingency plans in March to restrict the voting rights of British shareholders if the UK leaves the EU without a deal on future relations or quits both the EU customs union and single market in a hard-Brexit scenario.