Ryanair (RYA) has announced its contingency plans in case the UK crashes out of the EU without an exit deal later this month. Shares owned by investors that are not from the EU, which will soon include UK residents, will be classified as “restricted shares” and stripped of voting rights, and even the right to attend the general meeting.
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Non-EU investors will also be banned from buying new Ryanair shares. Management intends to keep this structure in place until it is confident that lifting these restrictions would not impact any of its airline licences.