Ritchie takes 5.6% stake in MHM Automation

Andrew Ritchie. (Image: Supplied)

Mon, 11 Sep 2023

Andrew Ritchie, the former chief executive and shareholder of bus operator Ritchies Transport, has scooped up 5 million shares in MHM Automation, taking his stake to 5.6% in the food processing and packaging company.The bulk of the holding, 3m shares, was purchased in an off-market transaction last week from Polar Capital's Colin Neal at $1.05 per share. Buyers were listed as Ritchie and Mark and Elizabeth Markovina as trustees. MHM was up 1.04% at 97 cents in early trade Monday.Neal sold 2.4m shares in early April and stepped down as...

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