Kerry Co-op allows disgruntled shareholder to sell €500k of stock

The board of the organisation had previously attempted to block David Scannell from selling his shares, after he publicly criticised it

31st October, 2021
Kerry Co-op allows disgruntled shareholder to sell €500k of stock
Shareholder nervousness in Kerry Co-op has increased significantly in recent months, following the failure of talks with Kerry Group

The board and senior management of Kerry Co-op has sanctioned the sale of more than €500,000 worth of shares by a shareholder, who the co-op previously attempted to block from selling his shares unless he apologised for criticising the organisation in public.

As reported by the Business Post last month, David Scannell, from Listowel in Co Kerry, was told he could not sell 895 of his Kerry Co-op shares, which amounted to more than €500,000...

Subscribe from just €1 for the first month!

Currency

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

Related Stories

Wazp invests €2m to open on-demand manufacturing centre

John Walsh: Breaking the corporate glass ceiling starts with dismantling the customs that frame it

Ryanair chief: airline will grow at expense of weakened rivals

O’Driscoll and Doyle sell stake in 3 Rock to All3Media