2.2m ICG shares moved by Rothwell

Dublin: Irish Continental Group chief executive, Eamonn Rothwell, has lowered his personal shareholding in the business to 5%, by transferring just under 2.2 million shares into Rokeby Investments, an investment firm which he owns independently.

Shares in ICG, which owns Irish Ferries, jumped by 3% on Tuesday, more on the back of news that it would distribute dividend payments, to shareholders, worth a combined €24.6m later this year, than the announcement of group earnings falling by €16m last year.

Yesterday’s transaction, boosts Rokeby’s holding in ICG to over 11%.