16 Oct 2013 16:55
16 October 2013
blur (Group) plc
("blur," the "Group" or the "Company")
Grant of Options
blur (Group) Plc (BLUR), the technology company that's reinventing commerce at blurgroup.com, announces that the Board has approved the Remuneration Committee's recommendation to grant David Sherriff, Non-Executive Director, 15,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares"). 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 Share Option Plan. The options have an exercise price of 425p per share, being the closing mid-market price of the Company's Ordinary Shares as at 15 October 2013.
For further information please contact:
blur (Group) plc | Tel: +44 20 3176 0548 |
Philip Letts - CEO | |
James Davis - Group CFO | |
Lucy Davies - Head of PR | lucy@blurgroup.com |
N+1 Singer (Nomad and Joint Broker) | Tel: +44 20 7496 3000 |
Shaun Dobson / Matt Thomas | |
Panmure Gordon (Joint Broker) | Tel: +44 20 7886 2500 |
Dominic Morley / Charles Leigh-Pemberton | |
Newgate Threadneedle | Tel: +44 20 7653 9850 |
Caroline Evans-Jones / Josh Royston/ Hilary Millar | |
Yellow Jersey | Tel: +44 7768 534641 |
Philip Ranger / Anna Legge |
About blur (Group) plc at blurgroup.com
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. Approaching 35,000 business users in 141 countries have adopted this s-commerce platform and changed the way they work.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange's AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three project briefs per month were submitted. Now 200 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average project value has grown from approximately $1,500 in 2010 to $28,800 in Q3 2013.
Today, more than 2,900 projects have been submitted with a combined value of over $62 million. These have come from the US, UK, Europe, Africa and Asia with over 31,000 expert service providers on eight exchanges responding to them.
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