Blur Group PLC Grant of Options (4159S)

TIDMBLUR

RNS Number : 4159S

Blur Group PLC

21 December 2016

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     Total number      % of issued 
                                  of         of options        share capital 
                                  Options    held following    represented 
                                  Granted    the grant         by total options 
                                                               held 
-----------  -----------------  ---------  ----------------  ------------------ 
              Chief Financial 
 Tim Allen     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 GBP0.15 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              [e-mail] 
 Tim Allen                   Tel: + 44 (0) 
                              1392 927618 
 N+1 Singer 
 Shaun Dobson / James        Tel: +44 (0) 
  White                       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          Share options over ordinary shares of 1 pence each in 
    instrument                                                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                                    n/a 
     - Aggregated volume 
     - Price 
    --------------------------------------------------------  -------------------------------------------------------- 
e)  Date of the transaction                                   20/12/2016 
    --------------------------------------------------------  -------------------------------------------------------- 
f)  Place of the transaction                                  Off market 
    --------------------------------------------------------  -------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 21, 2016 02:00 ET (07:00 GMT)