Ryanair founder sells shares

RYANAIR founder Tony Ryan has collected €25 million from the sale of five million shares in the no-frills airline, the company said yesterday.

Mr Ryan sold the shares, which represented almost half of his 1.4% stake in the company, in the market on Thursday.

He retains almost six million shares worth approximately €30m, as well as options to buy a further 50,000 shares at a special discount price of €3.70. These can only be exercised from June next year, however.