Executive sells out to fund separation

A SENIOR executive with a Dublin-based pharmaceutical company has sold his entire stake in the firm to fund the separation from his wife.

Noel Toolan, the chief marketing office with Alltracel Pharmaceutical, told the London Stock Exchange yesterday he sold 563,329 shares in the company at 26p per share, raising £146,465 (€212,000).

“Mr Toolan is selling these shares pursuant to obligations consequent upon recent separation from his wife,” Alltracel told the stock exchange in a statement yesterday.