Manufacturing & Supply Chain

Aryzta CEO Owen Killian regrets sale of shares

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Aryzta CEO Owen Killian regrets sale of shares

Aryzta CEO Owen Killian regrets sale of shares
March 16
10:20 2016
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Aryzta CEO Owen Killian, has sold shares in Aryzta worth over €15m between Monday and yesterday. But the CEO of the Swiss Irish food company has now issued a statement saying that he regretted having to sell the shares.

“I regret having to sell down shares at this time,” he said – Mr Killian sold 427,250 shares valued at €16m, based on last night’s closing price.

This morning shares in the Swiss-Irish food firm fell by 12.73pc to 35.95 swiss francs at 9am.

“This decision was triggered by the weakness in the share price impacting the collateral value of the share. It is not indicative of my confidence in or commitment to Aryzta and the achievement of its goals.”

Aryzta shares fell sharply over the last couple of days after the company said its revenue performance over the last year had been erratic and would continue to be so over the next 18 months.

 

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