Management Share Purchase

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 £500,000 (1,063,830 shares at 47pper share) in Torex Retail shares. Led by CEO Neil Mitchell investing £200,000 (425,531 shares), each of the 5operational CEO's have increased their shareholding in the business with thisacquisition. Marcus Leek, CFO has invested £100,000 (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 £1,065,000 (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