Greencore chief’s holding hits €1.3m

Greencore chief executive Patrick Coveney has seen the value of his holding in the group grow to €1.35m on foot of its sustained strong performance.

Mr Coveney, brother of Agriculture Minister Simon Coveney, said that all shareholders who had taken up the share offer at the time of Greencore’s €113m takeover of Uniq, a British company which makes ready meals, would benefit from the company’s strong performance.

“I took up the rights issue at 46c a share. Any shareholders who participated in the rights issue will benefit,” said Mr Coveney.