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Ryanair's O'Leary nets £16m from share sale
Wed, 08 Feb, 2012
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Ryanair's O'Leary nets £16m from share sale
Mon, 8 Jun 2009, 16:27:00
<b>Ryanair</b> boss Michael O'Leary has pocketed over £16m from the sale of a stake in the low-cost airline. The outspoken Irishman sold 5m shares at €3.75 each, netting him €18.75m (£16.29m). He still owns 60m shares, or 4% of the business. Shares in O'Leary's company have risen sharply in recent months, up from €2.8 in March and just €2 last October. It flew more than 5m passengers in May, up 9% on a year ago. At last week's full-year results, O'Leary said he expects to grow traffic by 15% in fiscal 2009/10 to 67m. After tax profits for the coming year will at least double to a range of between €200m to €300m, he added. The no-frills carrier posted a loss of €180m after taking a €222m hit on its stake in Aer Lingus. Underlying profit came in at €105m in the year to March, down 78%. Revenues rose by 8% to €2,942m as air fares fell 8% and traffic grew 15% to 58.5m. <b>Top Director Buys</b> Yell Group (YELL) Director name: Mr Bob Wigley Amount purchased: 130,260 @ 37.10p Value: £48,326 <b>Top Director Sells</b> Ryanair Holdings (RYA) Director name: Mr Michael O'Leary Amount sold: 5,000,000 @ € 3.75 Value: €18,750,000 SABMiller (SAB) Director name: Mr Tony van Kralingen Amount sold: 61,003 @ 1,276.10p Value: £778,459 Brown (N.) Group (BWNG) Director name: Mr Dean Roderick Moore Amount sold: 86,650 @ 252.00p Value: £218,358 Lavendon Group (LVD) Director name: Mr Kevin Appleton Amount sold: 26,528 @ 130.50p Value: £34,619 Lavendon Group (LVD) Director name: Mr Alan Merrell Amount sold: 21,222 @ 130.50p Value: £27,695 Mouchel Group (MCHL) Director name: Mr Kevin Young Amount sold: 10,776 @ 247.00p Value: £26,617 RM Group (RM.) Director name: Mr John Percival Leighfield Amount sold: 10,000 @ 162.00p Value: £16,200
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