Belfast Telegraph

Ryanair boss O'Leary sells £63m shares in the airline

By John Mulligan

Ryanair boss Michael O'Leary's position as one of the Republic's few billionaires has been sealed after he sold €72m (£63m) worth of his shares in the airline, bringing his total sales to more than €300m (£261m) over the past 17 years.

The airline chief executive offloaded four million shares at €18 (£16) each last Friday. The transaction was confirmed in a stock exchange filing published this week just as the airline celebrated its 20th anniversary as a listed company.

The last time Mr O'Leary (56) sold shares in Ryanair was back in December 2011, when he offloaded four million at €3.75 apiece for a total of €15m (£13m).

Apart from the €300m-plus of share sales, Mr O'Leary has also received special dividends paid to all shareholders as Ryanair continues to generate huge amounts of cash. At the end of June 2016 he owned almost 50.1m shares in Ryanair - 3.9% of the total at the time.

Belfast Telegraph