Ryanair 2009 Annual Report Download - page 118

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118
Sale or Disposition of Ordinary Shares or ADRs. Gains or losses realized by a U.S. Holder on the sale
or other disposition of ADRs generally will be treated for U.S. federal income tax purposes as capital gains or
losses, which generally will be long-term capital gains or losses if the ADRs have been held for more than one
year. The net amount of long-term capital gain recognized by an individual holder before January 1, 2011
generally is subject to taxation at a maximum rate of 15%. The deductibility of capital losses is subject to
limitations.
Deposits and withdrawals of Ordinary Shares by U.S. Holders in exchange for ADRs will not result in
the realization of gain or loss for U.S. federal income tax purposes.
Non-U.S. Holders. A holder of Ordinary Shares or ADRs that is, with respect to the United States, a
foreign corporation or a nonresident alien individual (a “Non-U.S. Holder”) generally will not be subject to U.S.
federal income or withholding tax on dividends received on such Ordinary Shares or ADRs unless such income
is effectively connected with the conduct by such holder of a trade or business in the United States. A Non-U.S.
Holder of ADRs or Ordinary Shares will not be subject to U.S. federal income tax or withholding tax in respect
of gain realized on the sale or other disposition of Ordinary Shares or ADRs, unless (i) such gain is effectively
connected with the conduct by such holder of a trade or business in the United States or (ii) in the case of gain
realized by an individual Non-U.S. Holder, such Non-U.S. Holder is present in the United States for 183 days or
more in the taxable year of the sale and certain other conditions are met.
DOCUMENTS ON DISPLAY
Copies of Ryanair Holdings’ Articles may be examined at its registered office and principal place of
business at its Corporate Head Office, Dublin Airport, County Dublin, Ireland.
Ryanair Holdings also files reports, including annual reports, periodic reports on Form 6-K and other
information, with the SEC pursuant to the rules and regulations of the SEC that apply to foreign private issuers.
You may read and copy any materials filed with the SEC at its Public Reference Room at 100 F Street, N.E.,
Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330.