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O'Leary sells down Ryanair shares

Nothing presents a time to sell like a share price peak. Ryanair's (RYA) outspoken chief executive, Michael O'Leary, sold 4m shares in the budget airline worth a total of €72m (£63.5m) on 6 June. At 1,800¢ a share, the chief executive sold at just under Ryanair's all-time share price high of 1,826¢ reached on 31 May this year. Mr O'Leary is still the third-largest Ryanair shareholder, behind HSBC and Fidelity Investments, owning close to 4 per cent of shares after this disposal.

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By Julia Faurschou,
15 June 2017

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