20th Nov 2018 17:21
LONDON (Alliance News) - Royal Mail PLC said Tuesday its Chief Executive Officer Rico Back purchased a further 50,000 shares in the post and parcel firm after initially acquiring 112,000 earlier in the day.
Back - who replaced Moya Greene as CEO in September - purchased the shares at 299.93 pence each, for a total of GBP149,966.
In a statement released earlier on Tuesday, Royal Mail said Back bought 112,000 shares at 317.9268 pence each, worth GBP356,078, and another senior executive acquired shares in the firm in two transactions on Monday.
Chief Information Officer Christian Herrlich - who also assumed his post in September - acquired 32,000 shares at 369.51 euro cents or 328.241 pence each, worth EUR118,243 or GBP105,059.
The total holdings of either Back or Herrlich after the transactions were not disclosed.
Shares in Royal Mail closed up 1.7% at 313.80 pence each.
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