#FerryChiefProfits - Eamonn Rothwell, Irish Continental Group chief executive has made a €4.43 million profit on the exercise of share options in the company and their subsequent sale.
The Irish Times reports that Mr Rothwell bought one million shares at €1.067 under a share option scheme and sold them at €5.50, according to a stock market announcement yesterday.
The announcement showed that the company was informed of the transaction, which relates to just more than 0.5 per cent of the issued shares of ICG, on June 2nd.
It also revealed that Mr Rothwell now owns some 14.8 per cent of ICG stock. He holds 9.933 million shares personally, representing 5.3 per cent of the company stock.
A further 17.747 million shares are held by a company called Rokeby Investments Limited, which is wholly owned and controlled by Mr Rothwell. At current prices his shareholding in the company is worth more than €150 million.
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ICG this week took delivery of a newly acquired fast-ferry for $13.25m to Sealift LCC who in turn have chartered the craft to the US Navy's Military Sealift Command.
