ESB shares up after staff and pensioners cash in

A total of 6.69 million shares were sold during the day-long market last month

1st November, 2015
Any staff who retire or leave ESB through voluntary severance are forced to sell a third of their remaining shares each time a market is held.

ESB shares rose 20 per cent to €1.20 when a market allowing staff and pensioners to cash in on their shareholdings was opened for one day.

A total of 6.69 million shares were sold during the day-long market last month, with the vast bulk offloaded by pensioners compelled by rules that force them to sell a third of their holding each time a market is held.

This was just the third time the market was opened for...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Willie O’Reilly: In the ‘sewer’ of Twitter, ignorance is no defence

Holly Shortall: The modern family has room for everyone – including pets

James McDermott: It’s high time our GAA heroes were paid fairly for their sporting labours

Failure to plan and invest will condemn future generations to a water crisis