Former boss of Mincon pockets €10m

Filings reveal he sold 15 million shares in the company last week

12th June, 2016
(Left to right) Patrick Purcell, Founder and Non-Executive Director, Mincon and Kevin Barry, Chief Executive, Mincon

Kevin Barry, the former chief executive of the mining equipment maker Mincon, has netted more than €10 million from the sale of part of his stake in the company.

A regulatory filing by the company reveals that he sold 15 million shares in the company in two blocks last week at a price of 70 cents each. The share sale was equivalent to almost half of his stake in the company.

“The shares were sold to a...

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