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[6-K] Ryanair Holdings plc American Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Form 6-K/TR-1 notification: Ryanair (RYAAY) discloses that Parvus Asset Management Jersey Ltd has reduced its economic exposure, held via cash-settled equity swaps, below Ireland’s 5 % reporting threshold.

  • Threshold crossed: 23 Jul 2025; issuer notified 25 Jul 2025.
  • New position: 52,015,339 voting rights, equal to 4.900 % of Ryanair’s 1,061,433,265 total voting rights.
  • Prior position: 5.406 %.
  • Holding structure: 0 % ordinary shares, 4.900 % through three equity-swap contracts maturing in 2026.

The move signals a modest (<0.6 ppt) trim by one of Ryanair’s largest institutional investors. It does not alter issued share count or control, but dropping below 5 % lifts certain ongoing disclosure duties for Parvus and may be viewed as slightly negative sentiment. Ryanair’s ownership dispersion and governance remain unchanged.

Notifica Modulo 6-K/TR-1: Ryanair (RYAAY) comunica che Parvus Asset Management Jersey Ltd ha ridotto la propria esposizione economica, detenuta tramite equity swap regolati in contanti, al di sotto della soglia di segnalazione del 5% prevista in Irlanda.

  • Soglia superata: 23 luglio 2025; emittente notificato il 25 luglio 2025.
  • Nuova posizione: 52.015.339 diritti di voto, pari al 4,900% dei 1.061.433.265 diritti di voto totali di Ryanair.
  • Posizione precedente: 5,406%.
  • Struttura della detenzione: 0% azioni ordinarie, 4,900% tramite tre contratti di equity swap con scadenza nel 2026.

Questa riduzione indica un lieve taglio (<0,6 punti percentuali) da parte di uno dei maggiori investitori istituzionali di Ryanair. Non modifica il numero di azioni emesse né il controllo, ma scendere sotto il 5% solleva Parvus da alcuni obblighi di comunicazione continuativa e potrebbe essere interpretato come un segnale di sentiment leggermente negativo. La distribuzione della proprietà e la governance di Ryanair rimangono invariate.

Notificación Formulario 6-K/TR-1: Ryanair (RYAAY) informa que Parvus Asset Management Jersey Ltd ha reducido su exposición económica, mantenida a través de swaps de acciones liquidados en efectivo, por debajo del umbral del 5 % requerido en Irlanda para reportes.

  • Umbral cruzado: 23 de julio de 2025; emisor notificado el 25 de julio de 2025.
  • Nueva posición: 52.015.339 derechos de voto, equivalente al 4,900 % de los 1.061.433.265 derechos de voto totales de Ryanair.
  • Posición anterior: 5,406 %.
  • Estructura de tenencia: 0 % acciones ordinarias, 4,900 % mediante tres contratos de swaps de acciones con vencimiento en 2026.

Este movimiento representa una ligera reducción (<0,6 puntos porcentuales) por parte de uno de los mayores inversores institucionales de Ryanair. No altera el número de acciones emitidas ni el control, pero al caer por debajo del 5 % exime a Parvus de ciertas obligaciones continuas de divulgación y puede interpretarse como un sentimiento ligeramente negativo. La dispersión de la propiedad y la gobernanza de Ryanair permanecen sin cambios.

Form 6-K/TR-1 공시: Ryanair(RYAAY)는 Parvus Asset Management Jersey Ltd가 현금 정산 주식 스왑을 통해 보유한 경제적 노출을 아일랜드의 5% 보고 기준선 이하로 줄였음을 공개했습니다.

  • 기준선 돌파일: 2025년 7월 23일; 발행자는 2025년 7월 25일에 통지 받음.
  • 새 포지션: 52,015,339명의 의결권, Ryanair 총 의결권 1,061,433,265명의 4.900%에 해당.
  • 이전 포지션: 5.406%.
  • 보유 구조: 보통주 0%, 2026년에 만료되는 3개의 주식 스왑 계약을 통해 4.900% 보유.

이번 조치는 Ryanair의 주요 기관 투자자 중 한 곳이 약간(<0.6%p) 보유 비중을 줄였음을 나타냅니다. 발행 주식 수나 지배권에는 변화가 없으나 5% 미만으로 내려가면서 Parvus는 일부 지속적인 공시 의무에서 벗어나게 되었으며, 이는 다소 부정적인 심리로 해석될 수 있습니다. Ryanair의 소유 분산과 거버넌스에는 변함이 없습니다.

Notification Formulaire 6-K/TR-1 : Ryanair (RYAAY) annonce que Parvus Asset Management Jersey Ltd a réduit son exposition économique, détenue via des swaps d’actions réglés en espèces, en dessous du seuil de déclaration de 5 % en Irlande.

  • Seuil franchi : 23 juillet 2025 ; émetteur notifié le 25 juillet 2025.
  • Nouvelle position : 52 015 339 droits de vote, soit 4,900 % des 1 061 433 265 droits de vote totaux de Ryanair.
  • Position précédente : 5,406 %.
  • Structure de détention : 0 % actions ordinaires, 4,900 % via trois contrats de swaps d’actions arrivant à échéance en 2026.

Cette opération indique une légère réduction (<0,6 point de pourcentage) de la part d’un des plus grands investisseurs institutionnels de Ryanair. Cela ne modifie ni le nombre d’actions émises ni le contrôle, mais le passage sous la barre des 5 % libère Parvus de certaines obligations de divulgation continues et peut être perçu comme un signe légèrement négatif. La dispersion de la propriété et la gouvernance de Ryanair restent inchangées.

Formular 6-K/TR-1 Mitteilung: Ryanair (RYAAY) gibt bekannt, dass Parvus Asset Management Jersey Ltd seine wirtschaftliche Beteiligung, gehalten über barabgewickelte Aktien-Swaps, unter die 5 %-Meldegrenze in Irland reduziert hat.

  • Schwellenwert überschritten: 23. Juli 2025; Emittent benachrichtigt am 25. Juli 2025.
  • Neue Position: 52.015.339 Stimmrechte, entsprechend 4,900 % von Ryanairs insgesamt 1.061.433.265 Stimmrechten.
  • Vorherige Position: 5,406 %.
  • Besitzstruktur: 0 % Stammaktien, 4,900 % über drei Aktien-Swap-Verträge mit Fälligkeit 2026.

Dieser Schritt signalisiert eine moderate (<0,6 Prozentpunkte) Reduzierung eines der größten institutionellen Investoren von Ryanair. Die ausgegebenen Aktienanzahl oder die Kontrolle ändern sich nicht, aber das Unterschreiten der 5 %-Marke hebt bestimmte laufende Meldepflichten für Parvus auf und könnte als leicht negatives Signal gewertet werden. Ryanairs Streuung der Eigentumsverhältnisse und Governance bleiben unverändert.

Positive
  • Parvus retains a sizeable 4.9 % economic interest, indicating continued institutional engagement despite the trim.
Negative
  • High-profile investor fell below the key 5 % threshold, potentially signaling reduced conviction in Ryanair’s upside.

Insights

TL;DR: Parvus cuts stake to 4.9%; small, largely neutral for valuation or control.

Parvus’ reduction removes it from the >5 % public register but leaves a still-material exposure. The 0.506 ppt decline equates to c. €85 m of notional value (assuming €17 share price) and has no direct P&L impact on Ryanair. Trading liquidity and free-float are untouched. Market reaction is typically muted for sub-1 % moves, so I view the event as informational rather than price-moving.

TL;DR: Governance unchanged; disclosure fulfils Irish transparency rules.

Crossing below 5 % ends Parvus’ obligation for further TR-1 updates unless it moves through future 3 % bands. No board representation or proxy arrangements are noted, so influence remains passive. Continuous disclosure strengthens shareholder visibility, yet the slight reduction could hint at portfolio rebalancing rather than strategic disinvestment.

Notifica Modulo 6-K/TR-1: Ryanair (RYAAY) comunica che Parvus Asset Management Jersey Ltd ha ridotto la propria esposizione economica, detenuta tramite equity swap regolati in contanti, al di sotto della soglia di segnalazione del 5% prevista in Irlanda.

  • Soglia superata: 23 luglio 2025; emittente notificato il 25 luglio 2025.
  • Nuova posizione: 52.015.339 diritti di voto, pari al 4,900% dei 1.061.433.265 diritti di voto totali di Ryanair.
  • Posizione precedente: 5,406%.
  • Struttura della detenzione: 0% azioni ordinarie, 4,900% tramite tre contratti di equity swap con scadenza nel 2026.

Questa riduzione indica un lieve taglio (<0,6 punti percentuali) da parte di uno dei maggiori investitori istituzionali di Ryanair. Non modifica il numero di azioni emesse né il controllo, ma scendere sotto il 5% solleva Parvus da alcuni obblighi di comunicazione continuativa e potrebbe essere interpretato come un segnale di sentiment leggermente negativo. La distribuzione della proprietà e la governance di Ryanair rimangono invariate.

Notificación Formulario 6-K/TR-1: Ryanair (RYAAY) informa que Parvus Asset Management Jersey Ltd ha reducido su exposición económica, mantenida a través de swaps de acciones liquidados en efectivo, por debajo del umbral del 5 % requerido en Irlanda para reportes.

  • Umbral cruzado: 23 de julio de 2025; emisor notificado el 25 de julio de 2025.
  • Nueva posición: 52.015.339 derechos de voto, equivalente al 4,900 % de los 1.061.433.265 derechos de voto totales de Ryanair.
  • Posición anterior: 5,406 %.
  • Estructura de tenencia: 0 % acciones ordinarias, 4,900 % mediante tres contratos de swaps de acciones con vencimiento en 2026.

Este movimiento representa una ligera reducción (<0,6 puntos porcentuales) por parte de uno de los mayores inversores institucionales de Ryanair. No altera el número de acciones emitidas ni el control, pero al caer por debajo del 5 % exime a Parvus de ciertas obligaciones continuas de divulgación y puede interpretarse como un sentimiento ligeramente negativo. La dispersión de la propiedad y la gobernanza de Ryanair permanecen sin cambios.

Form 6-K/TR-1 공시: Ryanair(RYAAY)는 Parvus Asset Management Jersey Ltd가 현금 정산 주식 스왑을 통해 보유한 경제적 노출을 아일랜드의 5% 보고 기준선 이하로 줄였음을 공개했습니다.

  • 기준선 돌파일: 2025년 7월 23일; 발행자는 2025년 7월 25일에 통지 받음.
  • 새 포지션: 52,015,339명의 의결권, Ryanair 총 의결권 1,061,433,265명의 4.900%에 해당.
  • 이전 포지션: 5.406%.
  • 보유 구조: 보통주 0%, 2026년에 만료되는 3개의 주식 스왑 계약을 통해 4.900% 보유.

이번 조치는 Ryanair의 주요 기관 투자자 중 한 곳이 약간(<0.6%p) 보유 비중을 줄였음을 나타냅니다. 발행 주식 수나 지배권에는 변화가 없으나 5% 미만으로 내려가면서 Parvus는 일부 지속적인 공시 의무에서 벗어나게 되었으며, 이는 다소 부정적인 심리로 해석될 수 있습니다. Ryanair의 소유 분산과 거버넌스에는 변함이 없습니다.

Notification Formulaire 6-K/TR-1 : Ryanair (RYAAY) annonce que Parvus Asset Management Jersey Ltd a réduit son exposition économique, détenue via des swaps d’actions réglés en espèces, en dessous du seuil de déclaration de 5 % en Irlande.

  • Seuil franchi : 23 juillet 2025 ; émetteur notifié le 25 juillet 2025.
  • Nouvelle position : 52 015 339 droits de vote, soit 4,900 % des 1 061 433 265 droits de vote totaux de Ryanair.
  • Position précédente : 5,406 %.
  • Structure de détention : 0 % actions ordinaires, 4,900 % via trois contrats de swaps d’actions arrivant à échéance en 2026.

Cette opération indique une légère réduction (<0,6 point de pourcentage) de la part d’un des plus grands investisseurs institutionnels de Ryanair. Cela ne modifie ni le nombre d’actions émises ni le contrôle, mais le passage sous la barre des 5 % libère Parvus de certaines obligations de divulgation continues et peut être perçu comme un signe légèrement négatif. La dispersion de la propriété et la gouvernance de Ryanair restent inchangées.

Formular 6-K/TR-1 Mitteilung: Ryanair (RYAAY) gibt bekannt, dass Parvus Asset Management Jersey Ltd seine wirtschaftliche Beteiligung, gehalten über barabgewickelte Aktien-Swaps, unter die 5 %-Meldegrenze in Irland reduziert hat.

  • Schwellenwert überschritten: 23. Juli 2025; Emittent benachrichtigt am 25. Juli 2025.
  • Neue Position: 52.015.339 Stimmrechte, entsprechend 4,900 % von Ryanairs insgesamt 1.061.433.265 Stimmrechten.
  • Vorherige Position: 5,406 %.
  • Besitzstruktur: 0 % Stammaktien, 4,900 % über drei Aktien-Swap-Verträge mit Fälligkeit 2026.

Dieser Schritt signalisiert eine moderate (<0,6 Prozentpunkte) Reduzierung eines der größten institutionellen Investoren von Ryanair. Die ausgegebenen Aktienanzahl oder die Kontrolle ändern sich nicht, aber das Unterschreiten der 5 %-Marke hebt bestimmte laufende Meldepflichten für Parvus auf und könnte als leicht negatives Signal gewertet werden. Ryanairs Streuung der Eigentumsverhältnisse und Governance bleiben unverändert.

 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
 
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
 
 
For the month of July 2025
 
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)
 
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
 
Form 20-F..X.. Form 40-F 
 
 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
 
 
Yes   No ..X..
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
 
Standard Form TR-1
 
Standard form for notification of major holdings
 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
 
 
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
 
Ryanair Holdings Plc 
2. Reason for the notification (please tick the appropriate box or boxes):
[ ] An acquisition or disposal of voting rights
[X] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[ ] Other (please specify)iii:
 
3. Details of person subject to the notification obligationiv :
 
Name:
 
Parvus Asset Management Jersey Limited 
City and country of registered office (if applicable):
 
St Helier, Jersey
 
 4. Full name of shareholder(s) (if different from 3.)v:
 
Parvus Asset Management Jersey Limited has been appointed as Investment Manager to a number of funds. Under the terms of the various investment management agreements, Parvus Asset Management Jersey Limited holds the power to vote any physical shareholdings held by these clients.
5. Date on which the threshold was crossed or reachedvi:
 
23 July 2025
6. Date on which issuer notified:
 
25 July 2025
7. Threshold(s) that is/are crossed or reached:
 
Going below 5% of voting rights (by way of equity swaps). 
8. Total positions of person(s) subject to the notification obligation:
 
 
% of voting rights attached to shares (total of 9.A)
 
% of voting rights through financial instruments(total of 9.B.1 + 9.B.2)
 
Total of both in % (9.A + 9.B)
 
Total number of voting rights of issuervii
 
Resulting situation on the date on which threshold was crossed or reached
0%
4.900%
4.900%
1,061,433,265
Position of previous notification (if applicable)
 
0%
5.406%
5.406%
 
 
 
9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
 
A: Voting rights attached to shares
 
Class/type ofshares
ISIN code (if possible)
Number of voting rightsix
 
% of voting rights
 
 Direct
 
 
 Indirect
 
 
 Direct
 
 
Indirect
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL A
 
 
 
 
 
 
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
 
Type of financial instrument
Expirationdatex
Exercise/Conversion Periodxi
Number of voting rights that may be acquired if the instrument is exercised/converted.
% of voting rights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SUBTOTAL B.1
 
 
 
 
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
 
Type of financial instrument
Expirationdatex
Exercise/Conversion Period xi
Physical or cash settlementxii
Number of voting rights
% of voting rights
Equity Swap
05/01/2026
NA
Cash
833,503
0.079%
Equity Swap
01/06/2026
NA
Cash
26,731,013
2.518%
Equity Swap
09/09/2026
NA
Cash
24,450,823
2.304%
 
 
 
SUBTOTAL B.2
52,015,339
4.900%
 
 
 
 
 
 
 
 
 
 
 
10. Information in relation to the person subject to the notification obligation (please tick the applicable box):
 
[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii
 
[X] Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
 
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Edoardo Mercadante
N/A
4.900%
4.900%
Parvus Jersey Holdings Limited
N/A
4.900%
4.900%
Parvus Asset Management Jersey Limited
N/A
4.900%
4.900%
 
 
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
NA
 
 
12. Additional informationxvi:
 
 
 
Done at Jersey on 25 July 2025
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
RYANAIR HOLDINGS PLC
 
 
 
Date: 25 July, 2025
 
 
By:___/s/ Juliusz Komorek____
 
 
 
Juliusz Komorek
 
Company Secretary

FAQ

Why did Ryanair (RYAAY) file a Form 6-K on 25 July 2025?

To disclose a TR-1 notification that Parvus Asset Management cut its economic interest below the 5 % Irish threshold.

Who reduced their holding in Ryanair and to what level?

Parvus Asset Management Jersey Ltd lowered its exposure to 4.900 % of voting rights via equity swaps.

How many total voting rights does Ryanair currently have?

The filing lists 1,061,433,265 voting rights outstanding.

When was the 5 % threshold crossed?

On 23 July 2025, with notification sent on 25 July 2025.

What was Parvus’ previous percentage holding?

It previously held 5.406 % through financial instruments.

Does this change affect Ryanair’s control structure?

No; Parvus holds no direct shares and the reduction does not alter Ryanair’s issued share capital or governance.
Ryanair Holdings Plc

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