O’Leary nets €20m from sale of 5 million shares

RYANAIR chief Michael O’Leary has secured nearly €20 million through the sale of five million shares in the company.

The move by the low fares airline’s chief executive — he sold the share tranche at a price of €3.90 per share — follows on from his deputy, Howard Millar, profiting to the tune of nearly €860,000 from the sale of 764,000 shares earlier in the week.

Mr O’Leary’s share-holding in the airline now lies at 3.71% — amounting to about 55 million shares — after he also bought 46,000 shares in the company at a price of €2.20 per share. Mr Millar, meanwhile, owns 100,000 shares in the company following his transaction.