TransferMate co-founder Clune to share in €5m dividend windfall

Company set up by Clune reducing its company capital to allow it to create reserves from which it intends to pay dividends

14th January, 2018
Kilkenny businessman Terry Clune

Kilkenny businessman Terry Clune is set to share in a €5 million dividend windfall being paid by TransferMate, the international payments business he co-founded.

According to regulatory filings, TransferMate, which was set up by Clune, Sinead Fitzmaurice and Barry Dowling back in 2010, is reducing its company capital to allow it to create reserves from which it intends to pay dividends.

The filing, signed off in late December, reveals that TransferMate will reduce its capital from...

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