Share Ownership Update for Irish Continental Group Executives

Overview of Recent Share Transactions

The Irish Continental Group plc has recently disclosed important information regarding share transactions made by individuals in key managerial positions. These transactions, outlined in a notification, reflect the commitment and investment of the company's leadership within their respective roles.

Details of Key Management Personnel

Several top executives at Irish Continental Group are involved in significant share transactions. Eamonn Rothwell, serving as the Chief Executive Officer, has made a notable investment under the ICG Restricted Share Plan, reflecting a strong commitment to the company’s future.

Further Insights on Executive Roles

Alongside Rothwell, other key figures include David Ledwidge, the Chief Financial Officer; Andrew Sheen, Managing Director of the Ferries Division; and Declan Freeman, the Managing Director of the Container & Terminal Division. Each of these leaders plays a critical role in driving the company's strategies and overseeing its operational success.

Understanding the Transactions

These share transactions are categorized as awards under the ICG Restricted Share Plan. This scheme is a crucial component of the company’s efforts to align management interests with those of the shareholders, fostering a strong bond and commitment to performance. It’s designed to reward executives for their efforts in enhancing shareholder value.

Transaction Details

A few vital details regarding the transactions include various share awards received by the executives. For instance, the executives awarded shares can range in price and volume, marking their involvement in the company’s equity growth. In one transaction, shares were awarded at a price of €5.28, amounting to 277,547 shares, showcasing substantial confidence in the future growth of Irish Continental Group.

Aggregated Share Data

In the management disclosures, the aggregated volume and price of the shares awarded are often cited as Not Applicable (N/A) or simply not listed. This can vary based on the time frame and , specifics of the transactions involved. Typically, such comprehensive reporting helps enhance transparency and builds investor trust.

Transaction Dates and Locations

The transactions generally take place at specific times, with several noted to happen around the end of December. For instance, on December 23, shares were allocated, and the dealings transpired in Dublin, Ireland, where the company’s operational hub is situated. This geographic specificity helps provide a clearer understanding of the operational landscape.

Conclusion: Encouraging Management Investment

The robust activity surrounding share transactions by management at Irish Continental Group illustrates a profound investment in the company's future. Such moves not only strengthen the organization’s capital structure but also assure shareholders of the executives’ commitment towards driving corporate growth and profitability.

Frequently Asked Questions

What is the ICG Restricted Share Plan?

The ICG Restricted Share Plan is a compensation strategy encouraging management to invest in the company’s future by awarding shares as a form of incentive.

Who are the main executives involved in these transactions?

Main executives include Eamonn Rothwell, David Ledwidge, Andrew Sheen, and Declan Freeman, each holding pivotal roles within the company.

What are the transaction prices mentioned?

Transaction prices reported include €5.28 for significant volumes of shares, showcasing confidence in the company's growth.

Where do the transactions primarily take place?

The transactions are primarily executed in Dublin, Ireland, serving as the operational base for Irish Continental Group.

What does N/A mean in the context of aggregated information?

N/A indicates that the details regarding the aggregated volume and price of shares awarded were either not applicable or not disclosed in this report.

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