Lynch ‘will not seek NTR board seat’

IAWS Co-op boss Philip Lynch said yesterday he has not sought a seat on the board of NTR whose annual general meeting he attended for the first time yesterday.

At the meeting, NTR chairman Tom Roche welcomed Mr Lynch to his first AGM and during the meeting confirmed he had not sought a seat on the board.

Afterwards, Mr Lynch insisted his €130 million investment in NTR was passive, adding he was looking forward to taking €2m in dividends for IAWS Co-op from the group in the current year.