Horizon chief nets €762,000 bonus

IT DISTRIBUTION company Horizon Technology paid chief financial officer Cathal O’Caoimh a bonus of €762,000 last year.

The company said the payment was in lieu of share options that should have been awarded to Mr O’Caoimh, which would have reduced the company’s earnings per share.

Having met the terms of Horizon’s incentive plan for senior executives Mr O’Caoimh was in line to be awarded more than 1.2 million share options.