Blur Group PLC Grant of Options (1122A)

TIDMBLUR

RNS Number : 1122A

Blur Group PLC

18 December 2014

Thursday 18 December 2014

blur Group plc

("blur" or the "Group")

Grant of Options

blur Group Plc (BLUR), the international e-commerce company providing a better way for businesses to buy or sell services, announces today that on 17 December share options ("Options") were granted to certain of the Directors and senior management to subscribe for up to 780,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") as follows:

 
 Director             Title                    Number     Total number      % of issued 
                                                of         of options        share capital 
                                                Options    held following    represented 
                                                granted    the grant         by total 
                                                                             options 
                                                                             held 
                      Chief Executive 
 Philip Letts          Officer                  500,000           530,000             1.1% 
                      Chief Community 
 Kara Cardinale        Officer                  125,000           525,000             1.1% 
 Barbara              Director Financial 
  Spurrier             Reporting                 75,000           199,695             0.4% 
 Richard              Non-Executive 
  Bourne-Arton         Director                  15,000            60,000             0.1% 
                      Non-Executive 
 David Sherriff        Director                  15,000            30,000            0.06% 
                      Non-Executive 
 Robert Brooksbank     Director                  15,000            30,000            0.06% 
 
 Senior Management 
 Stephen              Group Chief Financial 
  Harvey               Officer                   35,000           435,000             0.9% 
 

All of the 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. To the extent the performance criteria are met the options have an exercise price of GBP0.66 per share, being the closing mid-market price of the Company's Ordinary Shares as at 16 December 2014.

For further information, please contact:

 
 
 blur Group plc                 investors.blurgroup.com 
 Stephen Harvey, Group          Tel: + 44 1392927409 
  CFO 
 Barbara Spurrier, Director     Tel: +44 203 
 Financial Reporting             475 8182 
 
 
 N+1 Singer 
 Shaun Dobson / Jen Boorer      Tel: [phone] 
  / Emily Watts                  3000 
 
 Yellow Jersey 
 Philip Ranger/Anna Legge       Tel: +44 7768 
                                 534641 
 
 

About blur Group plc at blurgroup.com

blur Group is an international e-commerce company providing a better way for business to buy or sell services. To date 50,000 businesses have used blur to buy or sell services online, including companies like Amazon, eBay, Regus, Caterpillar, Argos, Danone and GE submitting over $300m of services requirements to blur'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.

This information is provided by RNS

The company news service from the London Stock Exchange

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