Shares in Swiss Irish food company Aryzta slumped again today as the company's chief executive said he had sold shares in the company worth over €15m between Monday and yesterday.
But the Aryzta CEO Owen Killian issued a statement saying that he regretted having to sell the shares.
Mr Killian said the sale was triggered by "the weakness in the share price impacting the collateral value of the share".
He said the disposal does not reflect his confidence in or commitment to Aryzta.
Aryzta shares fell sharply over the last couple of days after the company said its revenue performance over the last year had been erratic and would continue to be so over the next 18 months.
The company's share price dropped 10.73% in Dublin trade today.
