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Ryanair boss Michael O’Leary has certified for share choices price greater than €100mn after the airline’s shares hit a key efficiency goal, paving the way in which for one of many largest payouts in European company historical past.
Shares within the low-cost service closed at €23.74 on Thursday, which means they’ve closed above €21 for a twenty eighth consecutive day, assembly one in all two situations connected to O’Leary’s bumper pay deal.
The 64-year-old must keep at Ryanair till the tip of July 2028 to gather the share choices — price simply over €111mn — as a part of an incentive scheme agreed in 2019.
O’Leary, well-known for his pugnacious type, defended his potential windfall earlier this month after Ryanair reported a fall in full-year income.
“I believe we’re delivering distinctive worth for Ryanair shareholders in an period when premiership footballers or the managers are getting paid €20mn to €25mn a 12 months,” he mentioned.
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