Former IAWS chief nets over €3.5m

Former IAWS chief executive Phillip Lynch has cashed most of his shares in the food and agri-business group, netting more than €3.5 million.

Mr Lynch exercised 300,000 in the company he now chairs on Thursday at €11.785 per share, reaping €3.53 million.

According to a statement to the stock exchange, Mr Lynch still holds 181,432 shares in the company, worth around €2.15 million.