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
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 trades....
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