22nd Apr 2016 08:41
LONDON (Alliance News) - BrainJuicer Group PLC on Friday said Chief Executive Officer John Kearon sold 500,000 shares at a price of 332.5 pence per share on Thursday.
The deal is worth about GBP1.7 million gross.
Following the sale, Kearon, which the firm calls its 'chief juicer', now holds 3.4 million shares, which represents 27.34% stake in the market research agency.
BrainJuicer also said it purchased 422,762 shares into treasury, pursuant to a share buy-back programme at the same price. The company now holds 932,030 shares in treasury, and its total number of shares with voting rights has declined to 12.3 million shares.
The stock was up 2.2% at 339.90p Friday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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