Welcome to Manifest-I

Welcome to Manifest-I the blog of Manifest Information Services Ltd. Here we take a wide ranging view of topical governance and stewardship issues. Please feel free to add your comments and join the debate. Sign up to receive free weekly updates.

Manifest is a signatory of the Best Practice Principles for Shareholder Voting Research

Delivering Diverse Viewpoints

In the pursuit of secure investment returns, diverse viewpoints based on high-quality data and varied information are critical for portfolio construction. We believe that share ownership is no different. Manifest intelligently navigates the complexities of global governance and voting delivering actionable and defensible stewardship insights.

Manifest: showing, not telling

Get in touch to find out more about Manifest's governance research, data and advisory services

Ryanair calls for Aer Lingus EGM

Ryanair has written to Aer Lingus to request an EGM so that shareholders can consider asking the airline’s board and management to maintain four daily flights between Shannon and Heathrow. Aer Lingus is planning to transfer its London flights from Shannon to Belfast.

The Irish government holds a 25% stake in Aer Lingus, and Ryanair stated that if Irish premier Bertie Ahern fails to support the EGM motion to preserve the Shannon-Heathrow route, “then the extent to which his government has lied, and abandoned Shannon in favour of Belfast will become apparent to all”.

Michael O’Leary, Ryanair chief executive, commented: “The government and Aer Lingus’ determination to invest in Belfast should not come at Shannon’s expense”.

Ryanair, which also has a 25% stake in Aer Lingus, added that if Aer Lingus proceeds with plans to close the route, it will itself provide three additional daily flights from Shannon to London.

What do you think?