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New Thomas Cook boss buys shares in the company

New Thomas Cook chairman Frank Meysman has indicated his confidence in the tour operator by buying 100,000 shares in the company yesterday.

Meysman is set to take over as chairman from Michael Beckett at the end of the year when he retires. Before joining Thomas Cook Meysman was formerly executive vice-president of the food group Sara Lee but has also held executive positions at several other global companies such as Proctor & Gamble.

The Belgian bought the shares at 39.09p each for a total of £39,090. Thomas Cook's share prices fell by 77.99% in the past year.



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