Prokom boss cashes in stock worth $9 million

The largest national systems integrator, Prokom Software, said on Tuesday that CEO Ryszard Krause had sold his stock in the company worth $9 million, confirming earlier trader talk of a large block going through the market. Prokom said in a statement that Krause had sold 270,000 shares at an average price of zl. 124.85, which gives a total value of zl. 33.7 million. The sale represented 2% of Prokom's issued stock of 13.5 million shares. Now Krause owns 4.5 million shares (33.6% of stock). Prokom ended the day down 0.8% at zl. 126.50, The sale represented around half of the Warsaw bourse's total turnover for the session. (Reuters) K.Z.