RNS Number : 5816H
BrainJuicer Group PLC
13 July 2012
 

 

 

 

Press Release

13 July 2012


 

BrainJuicer Group PLC (AIM:BJU)

 ("BrainJuicer" and the "Company")

 

 

Awards under the Company's 2010 Value Creation Plan

 

 

BrainJuicer, a leading international online market research agency, announces that on 12 July 2012, it awarded the remaining unused units in its 2010 Value Creation Plan ("VCP"), in the main, to existing participants in the plan.  These awards included the following awards to Directors of the Company.

 

Director

VCP units prior to the award date

VCP units awarded on 12 July 2012

VCP units immediately following the award date

John Kearon

1,235

265

1,500

Alex Batchelor

1,235

265

1,500

James Geddes

1,235

265

1,500

 

The VCP plan was introduced in 2010 and matures in 2014.  Details can be found in the Notice of 2010 Annual General Meeting on the Company's website (www.brainjuicer.com), and are summarised below.

 

VCP units will provide remuneration for participants if the Company's "Achieved Share Price" (being the average closing price of a share over the 30 day period ending 30 April 2014) exceeds £3.00 per share.  The total VCP remuneration for all participants will be equal to 15% of any increase in the Company's share value between £3.00 per share and the Achieved Share Price.  This value will be allocated to participants in proportion to their units by way of share awards.

 

In the event that the Achieved Share Price is less than £3.00, the VCP units shall not be converted into share awards and will lapse.

 

Following the awards on 12 July 2012, each Director's share of the total VCP value is 15%.

 

 

 

- Ends -

 

 

 

For further information, please contact:

BrainJuicer Group PLC


John Kearon, Chief Executive Officer

Tel: +44 (0)20 7043 1000

James Geddes, Chief Financial Officer

www.brainjuicer.com

 

Canaccord Genuity Limited


Simon Bridges / Henry Fitzgerald-O'Connor

Tel: +44 (0)20 7523 8000

www.canaccordgenuity.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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