28 Jan 2013 07:00
For immediate release
London, January 28th, 2013
blur (Group) plc
("blur," the "Group" or the "Company")
Grant of Options
blur (Group) Plc (BLUR), operators of the world's leading Global Services Exchange at blurgroup.com, announces that, on 25 January 2013, the Board approved the Remuneration Committee's recommendation to grant options over ordinary shares of 1p each in the Company ("Ordinary Shares") to the following Directors:
Director / Senior manager | Options Granted | Number of Options held pre grant | Number of Options held post grant |
Philip Letts | 30,000 | nil | 30,000 |
Kara Cardinale | 25,000 | 375,000* | 400,000 |
*As disclosed in the Company's AIM Admission Document of 2 October 2012, Kara Cardinale held 25,000 options over ordinary shares in blur Limited. These options were replaced by options over ordinary shares in blur (Group) plc on 11 December 2012 and were granted on the same terms as under blur Limited's existing option scheme, save that each replacement option was over 15 times the number of ordinary shares in blur Limited and the exercise price per share was one-fifteenth of the exercise price over the blur Limited options.
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 Unapproved Share Option Plan. The options have an exercise price of 143.5p per share, being the closing mid-market price of the Company's Ordinary Shares as at 25 January 2013.
ENDS
blur (Group) plc | investors.blurgroup.com |
Philip Letts, CEO/ Belinda Wrigley, Group FD | Tel: +44 20 3176 0548 |
N+1 Singer | |
Shaun Dobson / Matt Thomas | Tel: +44 20 7496 3000 |
Newgate Threadneedle | |
Caroline Evans-Jones/ Josh Royston/ Hilary Millar | Tel: +44 20 7653 9850 |
About blur (Group) plc at blurgroup.com
blur owns and operates s-commerce exchanges where businesses in any country can buy, sell and pay for services like marketing, advertising, technology, legal and accounting. Businesses brief projects and expert service providers pitch for the project and the entire process runs online right through to project delivery and payment.
In early 2010, when the Exchange formally launched, just over three briefs per month were submitted. In Q4 2012 this had risen to around 80 per month from companies like Broadridge, Coral, Exceed, Fantasy World, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average brief value has grown from approximately $1,500 in 2010 to an average of $16,050 in Q4 2012. Now more than 1,400 briefs have been submitted with a combined brief value of over $20 million, with these briefs coming from the US, UK, Europe, Africa and Asia.
Today, blur Group has approaching 25,000 experts, agencies and service provider firms in over 133 countries on eight crowd platforms who benefit from networking, peer advice as well as new business opportunities. All are reviewed and approved by the Group's Exchange Support executives before joining.