Directors in Barry sell shares to firm

TWO directors of cash-and-carry company James A Barry have sold their shareholdings in the business back to the firm for almost €4m.

And sales at the Mallow-based firm increased by 8% to €185.5m in 2003, according to accounts for the year to the end of January 2003, which have been lodged with the Companies Registration Offices.

The accounts show that directors Kevin Barry and Paul Barry resigned in October of 2002 and sold their shares to the company. They were each paid €1,999,488 for their shareholdings. They were paid €1,249.68 per share for their respective shareholdings of 1,600 and the shares were cancelled.