Menu
11/03/2010
Kingspan Director Sells Majority Of Stock
The director of Irish building materials firm, Kingspan has sold almost his entire remaining stake in the company, a newspaper report has said.
Brendan Murtagh told the High Court last month he is "insolvent", said the Irish Independent.
According to documents filed with the court, Mr Murtagh – who founded the Cavan-based company with his brother, Eugene - has sold the shares for €24.6m, pledging them to Anglo Irish Bank as guarantees
A stock market filing yesterday showed that Mr Murtagh currently holds only 132,879 shares in the company – valued at around €731,000.
Mr Murtagh and two other businessmen involved in property group Howard Holdings are being pursued for €28.1m by investors related to Polish property deals.
All three have total judgments for more than €60m entered against them.
A statement of his assets filed with the court showed he has net liabilities of more than €350m.
(NS/BMcc)
Brendan Murtagh told the High Court last month he is "insolvent", said the Irish Independent.
According to documents filed with the court, Mr Murtagh – who founded the Cavan-based company with his brother, Eugene - has sold the shares for €24.6m, pledging them to Anglo Irish Bank as guarantees
A stock market filing yesterday showed that Mr Murtagh currently holds only 132,879 shares in the company – valued at around €731,000.
Mr Murtagh and two other businessmen involved in property group Howard Holdings are being pursued for €28.1m by investors related to Polish property deals.
All three have total judgments for more than €60m entered against them.
A statement of his assets filed with the court showed he has net liabilities of more than €350m.
(NS/BMcc)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
03 September 2012
America's Retail Giants View Irish Consumer Products
Senior executives from America's largest retail chains are in Dublin with Enterprise Ireland today to view Irish consumer products with particular potential for large-scale distribution in the American retail market. Between them, these US retail chains have 11,000 stores and sales valued at $182bn per year.
America's Retail Giants View Irish Consumer Products
Senior executives from America's largest retail chains are in Dublin with Enterprise Ireland today to view Irish consumer products with particular potential for large-scale distribution in the American retail market. Between them, these US retail chains have 11,000 stores and sales valued at $182bn per year.
15 December 2010
Brian Blocks Bank Bonus Bonanza
The Irish Republic's Finance Minister has blocked the payment of €40 million in bonuses by the state dependant AIB bank. Brian Lenihan wrote to Allied Irish Banks (AIB) saying that state support for AIB was now conditional on the non-payment of bonuses, no matter when they may have been earned.
Brian Blocks Bank Bonus Bonanza
The Irish Republic's Finance Minister has blocked the payment of €40 million in bonuses by the state dependant AIB bank. Brian Lenihan wrote to Allied Irish Banks (AIB) saying that state support for AIB was now conditional on the non-payment of bonuses, no matter when they may have been earned.
14 April 2010
Committee Should Grill Lenihan Over Quinn
The Irish Opposition party has called for the minister to face questions before the Oireachtas Finance Committee after Quinn insurance was taken into administration yesterday.
Committee Should Grill Lenihan Over Quinn
The Irish Opposition party has called for the minister to face questions before the Oireachtas Finance Committee after Quinn insurance was taken into administration yesterday.
17 December 2018
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
-
Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
