Psychics Live founder shares €9.6m dividend

FOUNDING managing director of Irish Psychics Live and space buff Tom Higgins shared a dividend payout of €9.6 million before selling the company that operates the premium rate phone line, new figures show.

Psychics Live founder shares €9.6m dividend

Dividend payouts to the Co Wicklow-based businessman and his wife, Theresa Dunne, are disclosed in new accounts for Realm Communications Ltd, recently filed with the Companies Office. The accounts confirm that the two shareholders received payouts three days before retiring as directors of the firm on June 29, 2009.

Realm Communications operates controversial premium-rate phone lines and Mr Higgins has previously announced his intention to be the first Irish person in space on board Richard Branson’s Virgin Galactia. He also became involved in a well-known on-air spat with Pat Kenny over the operation of Irish Psychics Live.

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