1.7m Xmas gift for chain chief

News by

07 December 2005

Printing.com chief executive Tony Rafferty has landed a 1.78m pre-Christmas bonus.

Rafferty sold just over 2.6m ordinary 1p shares in printing.com on 2 December at a price of 68p per share.

He said it had not been in his plans to sell the shares, but the sale responded to requests from the company's brokers due to considerable demand from investors.

As a result, Rafferty's stakeholding is now just over 9m shares or 20.3% of the group's issued share capital.

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"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."