Last checked at 24 Mar 2010 13:22
| Press Release | 24 March 2010 |
BrainJuicer Group PLC
("the Company")
Grant of Share Options
BrainJuicer Group PLC, (AIM: BJU), a leading international online market research agency, announces that it has granted 113,334 share options under its share option scheme, to its recently appointed Chief Operating Officer, Alex Batchelor, as part of his long term incentive arrangements. The exercise price is £1.49 and the options vest over a three year period.
Additionally, as part its long term incentive arrangements, the Company has agreed to award Mr Batchelor a further 116,666 shares by way of gift ("Gift Shares"). The Company is in the process of establishing an Employee Benefit Trust ("EBT"), and the Gift Shares awarded to Mr Batchelor may be made by way of interests over shares held by the EBT. The implementation of the EBT will be subject to shareholder approval at the Company's forthcoming Annual General Meeting.
Separately, Mr Batchelor purchased on 11 March 2010, 83,334 ordinary shares at 156 pence per share. Accordingly, Mr Batchelor now currently holds 101,852 ordinary shares in the Company representing 0.78 per cent of the current issued share capital with voting rights.
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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 Adams Limited |
|
| Mark Williams / Henry Fitzgerald-O'Connor | Tel: +44 (0)20 7050 6500 |
|
| www.canaccordadams.com |