13 Nov 2006 07:52
Torex Retail PLC13 November 2006 Monday 13 November 2006 Torex Retail plc: Management Share Purchase Torex Retail Plc ("Torex Retail") a leading supplier of IT solutions to retail,hospitality and quick service restaurants worldwide today announces asignificant purchase of stock by Plc operational management. This senior management team has today invested ÂŁ500,000 (1,063,830 shares at 47pper share) in Torex Retail shares. Led by CEO Neil Mitchell investing ÂŁ200,000 (425,531 shares), each of the 5operational CEO's have increased their shareholding in the business with thisacquisition. Marcus Leek, CFO has invested ÂŁ100,000 (212,766 shares). After this purchase Neil Mitchell, Marcus Leek and the 5 divisional CEO's willhave a holding with a value in excess of ÂŁ1,065,000 (2,267,660 shares). In addition, Chris Moore, Non-Executive Chairman and Mike Carrell, CTO withothers in the management teams across the operating business units continue tosupport and have a substantial stake within Torex Retail. This information is provided by RNS The company news service from the London Stock Exchange
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