The employee share ownership trust
are expected to buy the shares.
Ryanair has a 19.2 per cent stake in Aer Lingus and are courting the Employee Share Ownership Trust
for its 12 per cent.
Members of the Aer Lingus Employee Share Ownership Trust
(ESOT) are reportedly voting on whether to accept a takeover bid by Ryanair.
Chief executive Michael O'Leary claimed that members of the influential Aer Lingus Employee Share Ownership Trust
(ESOT) were in line for an average payout of pounds 40,275 each if the takeover was successful.
The scheme involves setting up an arms-length trust - a qualifying employee share ownership trust
or QUEST - to buy, hold and distribute shares for any of its 80,000 UK employees that want to participate.
As on 1 January 2019, the total number of holdings of own shares at 1 January 2019 was 1,210,516 and shares transferred in 2017-2018 to an Employee Share Ownership Trust
(ESOT) was 188,020.
In addition to this, 93,000 shares have been transferred to an Employee Share Ownership Trust
The Aer Lingus Employee Share Ownership Trust
(ESOT), which holds just under 10 percent of the airline, plans to exercise its right to buy a further 2.8 percent stake, broadcaster RTE reported on Monday.
He told RTE news that his company's offer was "generous" and stressed the Employee Share Ownership Trust
has still not stated if it opposes Ryanair's takeover bid.
In addition, the total number of shares in issue is 40,031,100, of which, 197,787 own shares are held by the company and 188,020 shares have been transferred to an Employee Share Ownership Trust