Ryanair broke Stock Exchange rules says watchdog

The Irish Take Over Panel, the watchdog which oversees takeover deals has said that Ryanair broke Stock Exchange rules when it gave commitments to the government (a shareholder in Aer Lingus). The recent commitments announced by Ryanair, including handing over control of the Heathrow slots to the government broke Stock Exchange rules as the commitments were deemed to be an arrangement exclusive to one shareholder only and not extended to all shareholders. The panel has now prohibited Ryanair from offering these promises as part of the offer for Aer Lingus - but then maybe Ryanair knew that already ?