Business Irish

Tuesday 16 January 2018

Former rugby hero stakes Ryanair claim

RYANAIR was busy buying back its own shares this week, €57m worth, after it issued its second profit warning in weeks and took advantage of a stock slump.

But as the airline itself was in buying mode, so too was one of its directors, Dick Milliken.

The former Ireland international rugby player snapped up 10,000 shares at €5.66 each for a total outlay of €56,600. This is far from chump change for Milliken, who was only appointed a non-executive director at the airline during the summer.

Aged 23, Milliken toured South Africa in 1974 with the British and Irish Lions, and was at the time playing for Bangor rugby club.

He earned a reputation for being a "hard-tackling, ball-carrying centre", according to the British and Irish Lions official website, but broke his leg and ankle in a 1975 game, which effectively ended his international career.

A geography graduate of Queen's University in Belfast, he's a chartered accountant, former Investment Bank of Ireland CEO, and currently a director of Bank of Ireland Mortgage Bank.

He'll no doubt be hoping his Ryanair investment pays off. Even if it doesn't, there's always the non-executive director fees to console him.

Irish Independent

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