Wednesday 22 August 2018

Murtagh sells €40m of shares in Kingspan

Eugene Murtagh
Eugene Murtagh
Gavin McLoughlin

Gavin McLoughlin

Kingspan chairman Eugene Murtagh has sold €40m of shares in the insulation maker.

Mr Murtagh, who built the business into a world leader, is still the biggest shareholder in the company with a stake of more than 15.5pc.

According to a stock market filing he sold one million Kingspan shares at €40 each on Tuesday.

A spokesperson declined to comment on the reason for the transaction.

In March 2017 he sold the same number of shares at €30 each.

He is the father of the current chief executive Gene Murtagh, who netted around €3.4m from selling shares in the business last week.

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