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7 Jun 2011 07:00
Press Release | 7 June 2011 |
BrainJuicer Group PLC
("BrainJuicer" or "the Company")
Director Dealing
As previously announced on the 21 July 2010, John Kearon, the Company's Chief Executive Officer, borrowed £650,000 from third party lenders (the "Lenders") ("Loan"). As part of the loan agreement, Mr Kearon had the right to repay the Loan by converting it into 400,000 ordinary shares, subject to the closing mid market price of BrainJuicer ordinary shares being in excess of 255 pence for twenty (20) consecutive trading days.
Mr Kearon has exercised his right for the conversion of the Loan and as a result transferred 400,000 ordinary shares to the Lenders on 2 June 2011. This represents 3.2 per cent. of the Company's issued share capital with voting rights.
In addition to the above, Mr Kearon has today transferred a total of 249,062 ordinary shares representing 2.0 per cent. of the Company's issued share capital with voting rights to Sarah Kearon.
Following the above transactions, John Kearon's direct holding is provided below:
Number of ordinary shares held prior to | Ordinary shares transferred to Sarah Kearon | Ordinary shares transferred to the Lenders | Total number of ordinary shares held post transactions | % of total issued share capital with voting rights |
4,510,164 | 249,062 | 400,000 | 3,861,102 | 31.0% |
John Kearon's beneficial holding, including 249,062 transferred to Sarah Kearon represents 33.0 per cent. of the total issued share capital with voting rights.
- Ends -
For further information, please contact:
BrainJuicer plc | |
John Kearon, Chief Executive Officer | Tel: +44 (0)20 7043 1000 |
James Geddes, Chief Financial Officer | www.brainjuicer.com |
Canaccord Genuity Limited | |
Mark Williams / Henry Fitzgerald-O'Connor | Tel: +44 (0) 20 7050 6500 |
www.canaccordgenuity.com |
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