One51: Debt reduction a ‘priority’

THE chairman of investment group, One51 has told shareholders that continued debt reduction remains a priority of the board and that recent trading has been positive, given market conditions.

Also One51’s latest annual report shows that in his last full year at the helm, former chief executive Philip Lynch received total remuneration of €1.48 million last year; up from just under €1.39m in 2009.

Denis Buckley wrote to shareholders to tell them that the group’s strategy “will be one of consolidation and rebuilding for the future”.