Blur Group PLC Grant of Options (4159S)
December 21 2016 - 2:00AM
UK Regulatory
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 investors@blurgroup.com
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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