O’Brien and Kilkenny in court over shares dispute

TWO of this country’s leading businessmen were involved in a High Court action yesterday over ownership of shares in a multi-million euro company which was set up to become involved in mobile phone operations in the Caribbean.

Proceedings brought by Osmond Kilkenny against Denis O’Brien opened for a short time before Ms Justice Mary Finlay Geoghegan but were adjourned to allow time for the sides to see if they could “narrow some of the issues” and later adjourned for mention in court on April 5 next.

In his action, Mr Kilkenny sought a declaration that he is beneficial owner of 13.5pc of the issued share capital of Digicel Ltd, with its registered office in Kingston, Jamaica.