Ryanair Share Options Valuable !!
Low-cost airline, Ryanair, today said that many of its Dublin pilots have received windfalls of over E60,000 each by selling their share options, which became exercisable from yesterday.
Based on today's share price of E7.50 the options have a value of E190,000, Ryanair said.
The share options form part of the collective 5 year pay, benefit and share option scheme that the Dublin pilots negotiated directly with the airline in November 2000 and are the ninth tranche of options which Ryanair's Dublin pilots have enjoyed over each of the past nine years.
The total value of these options to each qualifying Dublin pilot since Ryanair floated in 1997 is almost E500,000 and if disposed of at the exercise date, they have generated a total profit of almost E300,000 for each qualifying Dublin pilot, Ryanair said.