RYAOF · Ryanair Holdings plc

This filing constitutes a mandatory major holding notification under EU and Irish transparency regulations, triggered when an investor’s aggregate voting rights in a publicly traded company cross specified thresholds — here, 15.00%. The Capital Group Companies, Inc., through its investment management subsidiary Capital Research and Management Company and affiliated entities, now holds 15.02% of Ryanair Holdings PLC’s total voting rights, representing a meaningful increase from 14.03% in the prior notification. The position is entirely composed of equity instruments — depository receipts and ordinary shares — with no associated financial instruments that confer voting rights, indicating pure long-term equity exposure. While not itself a corporate action like a merger or earnings release, such a concentrated stake may influence shareholder dynamics, including potential engagement on governance, capital allocation, or strategic direction; however, the filing contains no indication of intent to seek board representation, launch a tender offer, or otherwise exercise control. As a passive institutional holder managing assets for mutual funds and high-net-worth clients, Capital Group’s disclosure reflects compliance-driven transparency rather than an operational or strategic development for Ryanair. Investors should monitor future filings for further changes above 15%, or crossings of higher thresholds (e.g., 20%, 25%, 30%), which could signal evolving intent.