17th Dec 2015 11:28
LONDON (Alliance News) - Postal service Royal Mail Group PLC Thursday said its new Chairman Peter Long bought shares having assumed the role in September.
Long bought 50,000 shares at 444p each on Wednesday, which is his only holding. The purchase was worth GBP222,000.
He is joint chief executive of travel operator TUI Group PLC and has held past non-executive directorships including at RAC Ltd, Rentokil Initial PLC and Debenhams PLC.
Long will remain co-CEO at TUI until the AGM in February 2016.
Royal Mail shares were trading flat at 444.20p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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