Eircom Esot payouts on track to reach €585 million
The ATM machine that is the Eircom Employee Share Ownership Trust (Esot) is getting ready to spew out some more cash for its members.
The ATM machine that is the Eircom Employee Share Ownership Trust (Esot) is getting ready to spew out some more cash for its members.
In the coming weeks, some 14,000 Eircom Esot beneficiaries, made up of current and former staff, will share tax-free cash payments totalling €80million.
This arises from the distribution of a second tranche of preference shares held by Esot to its members. The last distribution took place before Christmas and amounted to...
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