31st Oct 2013 14:10
LONDON (Alliance News) - Telecom software product company Globo PLC, which earlier Thursday saw its shares jump after it said that it had achieved strong revenue growth in the first nine months of the year, said that the founder and Chief Executive Officer Costis Papadimitrakopoulos bought 150,000 shares at a price of 65 pence per share.
Papadimitrakopoulos now holds a 18.61% stake in the company, with a total of more than 69.5 million shares.
Globo shares were trading 14.7% higher Thursday afternoon, at 66.80 pence per share.
Globo said its revenues rose 58% on the year to EUR50.01 million in the first nine months, beating its own expectations, while it expects its cash flow to further improve as it penetrates more mature markets.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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