The chief executive of foods group IAWS, Mr Philip Lynch, has realised €1.47 million (£1.15 million) after exercising share options and then selling the shares into the market.

In a disclosure to the stock exchange on Friday it was revealed that Mr Lynch exercised options over 297,000 shares at £2.52 (€3.20) each and then sold the shares into the market at €8.15 each,. His stake in IAWS is unchanged at 222,438 shares which are currently worth €1.8 million.