Wednesday 7 December 2016

ICG's Rothwell gets a €1m share reward

Published 20/12/2015 | 02:30

ICG boss Eamonn Rothwell has seen shares at the ferry company soar over the past year Photo: Mac Innes
ICG boss Eamonn Rothwell has seen shares at the ferry company soar over the past year Photo: Mac Innes

Christmas has come early to Irish Continental Group chief executive Eamonn Rothwell after he was awarded shares worth more than €1m by the company.

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In a stock exchange notice, the parent company of Irish Ferries said it awarded 205,000 shares to Rothwell as part of the firm's restricted share plan. The shares were priced at €5.30. At that price, the shares were worth €1.09m. Last year Rothwell took home more than €1.5m in salary, bonus and pension contributions.

As well as Rothwell, company secretary Thomas Corcoran has been awarded 13,404 shares worth just over €70,000, while CFO David Ledwidge has been given 15,833 shares, worth nearly €84,000.

Share prices in ICG have surged more than 73pc in the past year and are trading at close to their all-time high.

Sunday Indo Business

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