Ramona and Canice Nicholas to get €400,000 in Cara ph

Ramona and Canice Nicholas to get €400,000 in Cara pharmacies exit deal


 
Former RTÉ Dragons’ Den presenter Ramona Nicholas and her husband Canice Nicholas are to receive a total of €400,000 as part of a deal in their exit from the Cara Group of pharmacies, a High Court judge was told.
Mr Justice Denis McDonald said, while he was “troubled” by what had happened, and by the amount of the payment – which the couple had wanted to be kept confidential – he had concluded it had not unfairly prejudiced interested parties, particularly creditors.
Part of the sum is €29,000 in redundancy payments to each of them with the remaining €342,000 representing an “ex gratia payment on the termination of their employment” and to include non-compete clauses.

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