LONDON (Alliance News) - Sopheon PLC said three of its directors bought shares on Friday as the enterprise software company said it is on the right track for 2016.
Chairman Barry Mence bought 30,000 shares, taking his shareholding to 1.4 million shares.
Non-Executive Director Stuart Silcock bought 12,000 shares. He now holds 266,627 shares.
Chief Financial Officer Arif Karimjee purchased 10,000 shares and now holds 40,000 shares.
Sopheon said on Thursday revenue visibility for 2016 is now approaching USD17 million, compared to USD12.5 million at this time last year.
At the time of its 2015 results in March, Sopheon said it had started 2016 with a revenue pipeline of USD12 million, compared with USD10.2 million the previous year.
Sopheon added it is confident it is "on the right path" for 2016.
The stock was up 12% at 125.00p Friday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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