Alan Walsh, CEO of IPL Plastics (formerly One51), has just sold 38% of his shares in the company at CAD$7.76 (€5.29) per share. The total value of shares traded amounted to CAD$642,000 (€438,000). It is the biggest sale by an executive in the company this year.

It is interesting that the CEO, who has led the company since 2011, would sell at this price given that it equates to just over €1 per old One51 share. Many investors will remember that these shares reached highs of €2.40 on the grey market less than two years ago.