New boss puts £1M in Morrisons’ pot
Putting his money where his mouth is, Potts spent £1M of his own money on Morrisons’ shares in a move to signal his faith in being able to turn around the fortunes of the troubled retailer.
Potts snapped up 508,000 shares at 205.85p each, according to a statement from Morrisons published by the London Stock Exchange on Friday March 20.
“The company announces that on 19 March 2015 David Potts, chief executive officer, purchased 508,000 ordinary shares of 10 pence each in the company (‘shares’) on the London Stock Exchange at a price of 205.85p per share,” it said.
Morrisons’ shares climbed by 1.1p to 206.3p on the news.