INDEPENDENT Newspapers deputy chairman, Mr John Meagher (right) has sold more than £500,000 worth of Independent shares, the second time within a week that Mr Meagher has sold substantial amounts of Independent stock.

Mr Meagher has informed the Irish Stock Exchange that last week he sold more than 20,000 shares at 335p each and sold a further 134,000 shares yesterday. He realised over £509,000 on the two transactions to add to the £191,000 he realised from a previous share sale. Mr Meagher retains 2.25 million Independent shares worth £7.4 million at the current share price.