18th Dec 2014 07:00
Thursday 18 December 2014
blur Group plc
("blur" or the "Group")
Grant of Options
blur Group Plc (BLUR), the international e-commerce company providing a better way for businesses to buy or sell services, announces today that on 17 December share options ("Options") were granted to certain of the Directors and senior management to subscribe for up to 780,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as follows:
Director | Title | Number of Options granted | Total number of options held following the grant
| % of issued share capital represented by total options held
|
Philip Letts | Chief Executive Officer | 500,000 | 530,000 | 1.1% |
Kara Cardinale | Chief Community Officer | 125,000 | 525,000 | 1.1% |
Barbara Spurrier | Director Financial Reporting | 75,000 | 199,695 | 0.4% |
Richard Bourne-Arton | Non-Executive Director | 15,000 | 60,000 | 0.1% |
David Sherriff | Non-Executive Director | 15,000 | 30,000 | 0.06% |
Robert Brooksbank | Non-Executive Director | 15,000 | 30,000 | 0.06% |
Senior Management
| ||||
Stephen Harvey | Group Chief Financial Officer | 35,000 | 435,000 | 0.9% |
All of the 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. To the extent the performance criteria are met the options have an exercise price of £0.66 per share, being the closing mid-market price of the Company's Ordinary Shares as at 16 December 2014.
For further information, please contact:
blur Group plc | investors.blurgroup.com | |
Stephen Harvey, Group CFO | Tel: + 44 1392927409 | |
Barbara Spurrier, Director Financial Reporting | Tel: +44 203 475 8182 | |
N+1 Singer | ||
Shaun Dobson / Jen Boorer / Emily Watts | Tel: +44 20 7496 3000 | |
Yellow Jersey | ||
Philip Ranger/Anna Legge | Tel: +44 7768 534641 | |
About blur Group plc at blurgroup.com
blur Group is an international e-commerce company providing a better way for business to buy or sell services. To date 50,000 businesses have used blur to buy or sell services online, including companies like Amazon, eBay, Regus, Caterpillar, Argos, Danone and GE submitting over $300m of services requirements to blur's platform.
blur Group is a public company listed on the London Stock Exchange's AIM market (BLUR) and is headquartered in the UK with regional sales offices in the US and Europe.
Related Shares:
MAIS.L