Oireachtas Joint and Select Committees

Tuesday, 17 February 2015

Joint Oireachtas Committee on Transport and Communications

Proposed Sale of Aer Lingus: (Resumed) Aer Lingus and Stobart Air

5:00 pm

Mr. Colm Barrington:

Shareholders like non-executive directors to own shares in the company as it produces a commonality of interests. I have bought my 300,000 shares over the past six years. At times the prospects for the company did not look great and I bought them sometimes against the strong advice of my wife. I invested my own, after-tax euro to buy those shares. If this deal happens I will make some money out of them, which I will be very happy with, but I made a risk investment at the time. I have ensured that it did not influence my thinking about this transaction in any way. We held a full board meeting and some of us did not involve ourselves in the discussion of the transaction in question.

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