Ryanair 2010 Annual Report Download - page 130

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128
If Ryanair had not entered into such derivative agreements, a plus or minus one percentage point
movement in interest rates would impact the fair value of this liability by approximately 135.1 million. The
earnings and cash-flow impact of any such change in interest rates would have been approximately plus or
minus 113.2 million in the 2010 fiscal year.
Item 12. Description of Securities Other than Equity Securities
Holders of ADSs are required to pay certain fees and expenses. The table below sets forth the fees and
expenses which, under the deposit agreement between the Company and The Bank of New York Mellon,
holders of ADRs can be charged or be deducted from dividends or other distributions on the deposited
shares. The Company and The Bank of New York Mellon have also entered into a separate letter agreement,
which the Company believes should have the effect of reducing some of the fees listed below. However, the
Company and The Bank of New York Mellon have not yet reached final agreement on the exact application of
such separate letter agreement to certain of the fees listed below, so it is possible that such fees may be assessed
by The Bank of New York Mellon without any such reduction.
Persons depositing or withdrawing
ADSs must pay: For:
$5.00 (or less) per 100 ADSs (or portion of
100 ADSs). Issuance of ADSs, including issuances resulting from a
distribution of common shares or rights or other property.
Cancellation of ADSs for the purpose of withdrawal, including if
the deposit agreement terminates.
$0.02 (or less) per ADS.
Any cash distribution to the holder of the ADSs.
$0.02 (or less) per ADS per calendar year.
Depositary services.
A fee equivalent to the fee that would be
payable if securities distributed to the
holder of ADSs had been shares and the
shares had been deposited for issuance of
ADSs.
Distribution of securities distributed by the issuer to the holders
of common securities, which are distributed by the depositary to
ADS holders.
Registration or transfer fees.
Transf
er and registration of shares on our share register to or from
the name of the depositary or its agent when the holder of ADSs
deposits or withdraws common shares.
Expenses of the depositary.
Cable, telex and facsimile transmissions (when expressly
provided for in the deposit agreement).
Expenses of the depositary in converting foreign currency to U.S.
Dollars.
Taxes and other governmental charges the
depositary or the custodian have to pay on
any ADSs or common shares underlying
ADSs (for example, stock transfer taxes,
stamp duty or withholding taxes).
As necessary.
Any charges incurred by the depositary or
its agents for servicing the deposited
securities.
As necessary.