Ryanair chief executive Mr Michael O'Leary netted nearly €47 million from the sale of a large tranche of his shareholding in the low cost airline this morning.
Ryanair confirmed today that members of the Ryan family and Mr O’Leary each sold approximately 7 million shares (14 million shares in total) representing approximately 2 per cent of the issued share capital of the company, in the open market at a price of €6.70.
The placement was handled by Davy Stockbrokers in Dublin.