Eircom staff get €50m in off-load

EIRCOM employees pocketed another €50 million yesterday after its staff trust off-loaded part of its 29% stake in the former State phone company.

Eircom staff get €50m in off-load
Fri, 10 Dec, 2004 - 00:00
David Clerkin

The Employee Share Ownership Trust (ESOT), which operates on behalf of around 14,500 current and former Eircom staff, sold a 4.1% shareholding in the market at €1.655 per share.

Eircom shares closed at €1.67 last night.

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