Reox management shakeup unlikely to lead to share suspension

NO suspension of share trading in Reox is expected following yesterday’s announcement that a number of management posts — including that of chief executive Jerry Henchy — are to be scrapped and “absorbed” into a revised management structure as a cost-saving measure.

But any such decision on the shares would be surprising given that Reox is not conventionally a public company and its shares are bought and sold via the so-called grey market, mainly through the company’s two stockbroking firms — Davy and Goodbody.

Shares in the Dairygold spin-off company are also traded extremely infrequently. The share price stood at e2.25 yesterday, the same price it has been for nearly a year.