CEO Coveney spends €450k on shares in Greencore cash raise

Greencore chief executive Patrick Coveney has spent £400,000 on new shares as part of the food group's £90m raising share sale

Greencore boss Patrick Coveney has stumped up £400,000 (€450,000) of his own money as part contribution to the Irish food group’s £90m cash raise, aimed at seeing it through the Covid crisis.

Mr Coveney has acquired an extra 357,142 shares in the company via its latest share sale, with senior management, as a whole, contributing a combined £700,000 or so to the raise. The share sale saw an extra 80.3 million shares sold at a discount price of £1.12 per share.