Ryanair 2011 Annual Report Download - page 26
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Please find page 26 of the 2011 Ryanair annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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24
Ryanair has not received any notifications from shareholders (as shareholders are obliged to do) regarding
any agreements between shareholders which might result in restrictions on the transfer of shares.
Details of the rules concerning the removal and appointment of the directors are set out above as part of
this Directors’ Report. There are no specific rules regarding the amendment of the Company’s Articles of
Association.
Details of the Company’s share buy-back programme are set forth on page 107 of the Annual Report. The
shareholders approved the power of the Company to buy back shares at the 2006 AGM.
None of the significant agreements to which the Company is party to, contain change of control provisions.
As referred to above in this Director’s Report, Mr. O’Leary’s employment agreement does not contain
provisions providing for compensation on his termination.
Going Concern
After making enquiries, the directors have formed a judgment, at the time of approving the financial
statements, that there is a reasonable expectation that the Company and the Group as a whole have adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to
adopt the going concern basis in preparing the financial statements. The directors’ responsibility for preparing
the financial statements is explained on page 27 and the reporting responsibilities of the auditors are set out in
their report on page 29.