A particularly pleasing aspect of the plan is that it includes an employee share ownership trust
as well as a community trust, so as to ensure all stakeholders benefit from the continued operation of Mimosa.
2 per cent stake in Aer Lingus and are courting the Employee Share Ownership Trust
for its 12 per cent.
Members of the Aer Lingus Employee Share Ownership Trust
(ESOT) are reportedly voting on whether to accept a takeover bid by Ryanair.
Chief executive Michael O'Leary claimed that members of the influential Aer Lingus Employee Share Ownership Trust
(ESOT) were in line for an average payout of pounds 40,275 each if the takeover was successful.
The scheme involves setting up an arms-length trust - a qualifying employee share ownership trust
or QUEST - to buy, hold and distribute shares for any of its 80,000 UK employees that want to participate.
The Aer Lingus Employee Share Ownership Trust
(ESOT), which holds just under 10 percent of the airline, plans to exercise its right to buy a further 2.
He told RTE news that his company's offer was "generous" and stressed the Employee Share Ownership Trust
has still not stated if it opposes Ryanair's takeover bid.
FORMER trade union leader Con Scanlon is to become general manager of Eircom Employee Share Ownership Trust
As well as this year's losses there was also a EUR28million payment to the Employee Share Ownership Trust
(ESOT) to buy shares for Eircell employ-ees who left the group because of the demerger.
It raised new doubts about a reported decision by the Eircom's Employee Share Ownership Trust
to accept the O'Reilly offer.