Britons will no longer be welcome on the shareholder register of Ryanair should the UK leave the European Union on March 29 without a deal on political and trading arrangements.

On that date, British investors who hold stock in the airline will lose their voting rights, their holdings will be classified as “restricted shares” and they will be barred from buying new shares.

Europe’s busiest short-haul airline said that it was taking the action to ensure that in the event of a no-deal Brexit, its majority ownership would remain in the hands of EU investors, a stipulation under Brussels laws to retain a flying licence.

Shares in Ryanair held steady, falling 23 cents to €11.93, a drop of nearly 2 per cent, on a day…

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