22nd Jan 2014 12:27
22nd January 2014
blur (Group) plc
("blur," the "Group" or the "Company")
Grant of Options
blur (Group) Plc (BLUR), the technology company that's reinventing commerce at blurgroup.com, announces today that the Board has approved the Remuneration Committee's recommendation to grant Philip Letts, CEO, 220,000 options, Kara Cardinale, Chief Community Officer, 35,000 options and James Davis, CFO 35,000 options, all over ordinary shares of 1p each in the Company ("Ordinary Shares").
These options become exercisable after a period of four years from the date of grant, subject to market based performance criteria, and pursuant to the rules of the Company's Share Option Plan. The options have an exercise price of 792.50p per share, being the closing mid-market price of the Company's Ordinary Shares as at 21st January 2014.
For further information please contact:
blur (Group) plc | Tel: +44 1392 927184 |
Philip Letts - CEO |
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James Davis - Group CFO |
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Lucy Davies - Head of PR | |
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N+1 Singer (Nomad and Joint Broker) | Tel: +44 20 7496 3000 |
Shaun Dobson / Matt Thomas |
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Panmure Gordon (Joint Broker) | Tel: +44 20 7886 2500 |
Dominic Morley / Charles Leigh-Pemberton |
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Newgate Threadneedle | Tel: +44 20 7653 9850 |
Caroline Evans-Jones / Josh Royston/ Hilary Millar |
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About blur (Group) plc at blurgroup.com
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange uses blur's proprietary s-commerce platform to enable over 35,000 business users in 141 countries to buy, sell and deliver core business services and take advantage of Software as a Transaction™ to pay for these projects.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange's AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three projects per month were submitted. Now,o ver 200 projects start on the exchange each month. Customers include Danone, Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average project value has grown from approximately $1,500 in 2010 to $89K in Q4 2013.
Today, over 3,700 projects have been submitted with a combined value of above $150 million. These have come from the US, UK, Europe, Africa and Asia with over 35,000 expert service providers on eight exchanges responding to them.
Related Shares:
MAIS.L