Tom Neville (Limerick County, Fine Gael) | Oireachtas source

The Deputy mentioned 1% of shares. I would like clarity on how the value of the shares was calculated. Has a discount factor been applied because of the lack of market value for the shares as they were traded on the grey market? Kerry's board had to approve the sale. If all the shares were on the open market at the same time, the value of the share would probably drop because there would be more supply. Has that been taken account of in the calculations? How has the value of the share been calculated? I want clarification on that.

The second question is on the letter. It is imperative that the style of communication is looked at when these letters go out. To Mr. Phelan it is factual information because he has a tax background. I have the utmost respect for that but I do not. The style of communication and the language used has to be looked at. The ultimatums that are perceived and the perception of the vocabulary in the letter frightens the daylights out of people. The Revenue Commissioners should have a look at the style of communication.

The second question is on the calculation.