Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

Displaying items by tag: ICG Boss €4m profit

#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.

For more from the newspaper click here 

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. 

Published in Ports & Shipping
Who is Your Sailor of the Year 2020?
Total Votes:
First Vote:
Last Vote:

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Webcams

Featured Car Brands

subaru sidebutton

Featured Associations

ISA sidebutton dob
isora sidebutton

Featured Events 2021

vdlr21 sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton
quantum sidebutton
watson sidebutton

Featured Chandleries

CHMarine Afloat logo
osm sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
wavelengths sidebutton

Please show your support for Afloat by donating