Calyx to scoop €10m in flotation

MAURICE HEALY is in line for a €10 million pay day when his company Calyx floats on London’s Alternative Investment Market (AIM) next month.

Cork-born Mr Healy, 46, owns 90% of the company and plans to sell a 35% stake at the flotation.

The company, which provides a range of telecoms and IT services, is expected to be valued at €35m when shares begin trading, meaning a €10m gain for Mr Healy. After the flotation, Mr Healy will retain a majority stake.