19 Oct 2017
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ryanair Holdings plc .MICHAEL O'LEARY INSIDER TRADING.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ryanair Holdings plc - RYAAY.. Information below sent to Financial Services Authority from Ryanairdontcare Campaign's founder John Foley. Doomed to Fail "Michael " .... Dear Financial Services Authority, My name is John Foley founder member of a organisation called Ryanairdontcare Campaign which was set up in 2009 after my 18 year old daughter Sarah,was exploited as cabin crew by Ryanair/Crewlink. It has come to my attention that Ryanair's CEO MICHAEL O'LEARY could be involved in insider trading of Ryanair shares in 2017. On September 15, 2017, Ryanair announced that it would cancel over 2,000 flights due to delays and strikes prompted by staffing issues with the Company's pilots and cabin crew. On this news, the Company's American Depositary Receipt ("ADR") price fell $1.15, or 1.06%, to close at $107.00 on September 18, 2017. On September 27, 2017, Ryanair announced that it would cancel 18,000 further flights, affecting about 400,000 passengers, again citing staffing issues. On the following day, the U.K.'s Civil Aviation Authority initiated an enforcement action against the Company for "persistently misleading passengers" about their rights. Following these revelations, the Company's ADR price fell $6.03, or 5.60%, to close at $101.59 on September 28, 2017. On October 6, 2017, post-market, Ryanair announced the resignation of its Chief Operating Officer Michael Hickey. On this news, the Company's ADR price fell $1.12, or 1.06%, to close at $104.61 on October 9, 2017. Information above came from Pomerantz LLP who are investigating claims on behalf of investors of Ryanair Holdings plc ("Ryanair" or the "Company") (NASDAQ: RYAAY). https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-ryanair-holdings-plc--ryaay-300539288.html In 2017 Over 700 pilots have left Ryanair in last financial year the Irish Airline Pilots Association have confirmed with recruitment of new pilots being at an all time low.This knowledge of Pilot leaving at Ryanair was known to Ryanair CEO MICHAEL O'LEARY as early as March 2017 and pilot future rostering problems where guaranteed to happen, not as a result of Ryanair Pilot Holiday missaps but exploited pilots at Ryanair could not take it anymore. The rostering problems due to pilots leaving in large numbers where known to Ryanair CEO MICHAEL O'LEARY as early as March 2017 and as late as July 2017.Rostering difficulties known to any Airlines crew control are known to their CEO's as they have a minimuim of four to maximum six month as a rostering plan is in place. Ryanair's CEO MICHAEL O'LEARY confirmed these Pilot rostering difficulties in Ryanair's September 2017 AGM at the Ryanair head office in Dublin. On June 8th 2017 Ryanair's CEO MICHAEL O'LEARY sold 4m shares just under the firm's all time high and netted €72 million, knowing full well the fall of Ryanair stock value in September 2017 would happen. This being an illegal practice of trading shares to one's own advantage through having access to confidential information that the public are not aware of. I do hope your good selves would fully investigate this and if found to be true , Ryanair's CEO MICHAEL O'LEARY should be charged with Insider Trading and face the penalty of this. I must confirm my named identity can be published in any public reporting of this investigation but would request my personal address to be kept private. Thank you very much for your time in reading my concerns. Kindest regards John Foley. Ryanairdontcare Campaign