Monday, June 15, 2009

O'Leary cashes in as Ryanair shares take off

"Ryanair boss Michael O'Leary has pocketed more than £16m from the sale of a stake in the low-cost airline. He sold 5m shares, at $3.75 each, for $18.75m (£16.29m) and still owns 60m shares, or 4% of the business. Their value has risen from $2.80 in March and $2 last October."
Source: The Sunday Times