Porta Communications (LON:PTCM) revealed in a regulatory statement that non-executive chairman Bob Morton has increased his shareholding in the PR company.
Morton bought 1.34mln shares at a price of 7.5p each, on Thursday, and as a result he now owns 34.28mln shares, which equates to 12.81% of the company’s shares.
The shares are held via the Hawk Investments vehicle, which is beneficially owned by Morton and his wife.
Last month, the growing public relations and marketing specialist reported growth on all fronts. It said revenues are expected to be up 30% year-on-year (or 20% on a like-for-like basis), with fee income set to almost double. Earnings before interest, tax, depreciation and amortisation are on course to grow 35%.