TEP1 Mar 2012 15:49
Julian Schild, a Non-Executive Director of Telecom Plus has bought shares in the utility services provider, two weeks after the firm said full year profits are expected to be slightly ahead of market expectations, after it enjoyed a recent acceleration in organic growth.
Schild purchased 10,000 shares at 610.50p each for a total of £61,050, and 5,000 at 612p each for a total of £30,600. The shares are currently trading around the 640p mark.
In February, the group said that customer numbers for the first nine months of its financial year, which runs to the end of March, are ahead by 31,180, and service numbers for the same period are ahead by 151,032. These represent annualised growth rates of 11% and 17% respectively.