Aryzta chief executive Owen Killian has sold over €17.5m worth of shares in the Swiss-based bakery group. In a regulatory release, the group confirmed that Owen Killian had sold a total of 256,591 shares in three separate lots.
The three sales which averaged €68.23 per share, represented 31% of Killian’s total holding. This leaves the CEO with a neat 567,140 shares valued today at approx. €34.5m. Last year he received a total remuneration package of €3.5m.
Aryzta’s share price has risen strongly over the last 12 months. Trading at €68.08/share this week, the share price in Aryzta has grown by 58% since this time last year and it was an opportune time for the CEO to offload some of his stake in the company.
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Aryzta’s share price has grown rapidly on the back of a strong financial performance by the company in the year to date. The group reported a 16.7% increase in third quarter revenues to €1.37bn for the three months to the end of April.
This strong growth in revenue was driven by the acquisitions made by Aryzta in March, when the company acquired Pineridge Bakery in Canada and Cloverhill Bakery in the US for $1bn.
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Aryzta chief executive Owen Killian has sold over €17.5m worth of shares in the Swiss-based bakery group. In a regulatory release, the group confirmed that Owen Killian had sold a total of 256,591 shares in three separate lots.
The three sales which averaged €68.23 per share, represented 31% of Killian’s total holding. This leaves the CEO with a neat 567,140 shares valued today at approx. €34.5m. Last year he received a total remuneration package of €3.5m.
Aryzta’s share price has risen strongly over the last 12 months. Trading at €68.08/share this week, the share price in Aryzta has grown by 58% since this time last year and it was an opportune time for the CEO to offload some of his stake in the company.
Aryzta’s share price has grown rapidly on the back of a strong financial performance by the company in the year to date. The group reported a 16.7% increase in third quarter revenues to €1.37bn for the three months to the end of April.
This strong growth in revenue was driven by the acquisitions made by Aryzta in March, when the company acquired Pineridge Bakery in Canada and Cloverhill Bakery in the US for $1bn.
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