€2.3m boost for Global Shares

A MULTI-million euro Cork-based employee share scheme company will create up to 50 jobs in Clonakilty over the next two years following the announcement it has secured $3.25m (€2.3m) in funding.

Global Shares, which is valued at around €7m, said the money will be used to fund developments over the next few years and was provided by aninvestment group led by new non-executive director Richard Hayes, founder and former chief executive of IFG Group.

Mr Hayes said: “I am excited to participate in the growth of Global Shares and by leveraging my background and experience in building up IFG, will be able to assist Global Shares greatly to grow as a leader in the stock plan administration world.”