Ryanair boss sells 5m shares
09.06.09
Michael O'Leary, the chief executive of Ryanair, has raised £16.5m by selling five million of his shares in the airline. Ryanair told the stock market yesterday that Mr O'Leary sold the shares at €3.75 each on Friday. The sale means he now owns just over 60 million shares in the budget airline, giving him a stake of 4%.
A Ryanair spokesman said the share sale was ‘a private matter’ for Mr O'Leary. Friday's price of €3.75 a share was a 15-month high for the shares, which hit a low of €1.80 last October. They fell by 2% to €3.68 yesterday.
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