Offer by Ryanair Holdings plc for Aer Lingus Group plc (“Aer Lingus”)
The Aer Lingus response circular which was despatched to its shareholders on 3 November, 2006 contained the following statement in the Chairman’s letter:
“We are continuing to drive unit cost efficiencies and will write to you with details of our 2007 Process Improvement Programme in due course.”
The Panel has been in communication with Aer Lingus with regard to its intended timetable for the publication of details of the Process Improvement Programme. As a consequence, the Panel has ruled that details of the Process Improvement Programme must be published by Aer Lingus no later than 1 December, 2006 i.e. the 39th day of the offer timetable.
24 November, 2006
