21 Dec 2016 07:00
blur Group plc
("blur" or the "Group")
Grant of Options
blur Group plc (AIM:BLUR), the market-leading Indirect Spend Platform & Marketplace, announces today that on 20 December 2016 share options ("Options") were granted to certain of the Directors to subscribe for up to 200,000 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
|
Tim Allen | Chief Financial Officer | 200,000 | 600,000 | 1.3% |
The Options granted become exercisable over a period of three years from the date of grant, with a third of the Options granted in this award vesting on each anniversary, pursuant to the rules of the Company's Share Option Plan. The options have an exercise price of £0.15 per share, being the closing mid-market price of the Company's Ordinary Shares as at 19 December 2016.
For further information, please contact:
blur Group plc | investors@blurgroup.com | |
Tim Allen | Tel: + 44 (0) 1392 927618 | |
N+1 Singer | ||
Shaun Dobson / James White | Tel: +44 (0) 20 7496 3000 | |
Yellow Jersey | ||
Alistair de Kare-Silver | Tel: +44 (0) 7825 916715 | |
About blur Group plc at blurgroup.com
Since 2010, blur Group has been helping enterprises worldwide eliminate waste and inefficiency in their
indirect procurement process through its market leading Indirect Spend Platform & Marketplace. To date over 65,000 businesses, including companies like, Tesco, Danone, Trinity Mirror, and PwC, have adopted blur's platform to either buy or sell goods and services online submitting over $500m of requirements to blur Group'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.
EU Market Abuse Regulation
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Tim Allen | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial Officer | ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | blur Group plc
| ||||||
b) | LEI | n/a
| ||||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a)
| Description of the financial instrument, type of instrument | Share options over ordinary shares of 1 pence each in the capital of the Company | ||||||
Identification Code | GB00B8DX2616 | |||||||
b) | Nature of the transaction | Grant of share options | ||||||
c) | Price(s) and volume(s) | 200,000 Nil cost
| ||||||
d) | Aggregated information - Aggregated volume - Price | n/a
| ||||||
e) | Date of the transaction | 20/12/2016 | ||||||
f) | Place of the transaction | Off market | ||||||