RNS Number : 6287K
BrainJuicer Group PLC
22 April 2010
 



 

 

 

Press Release

 22 April 2010

 

 

 

BrainJuicer Group PLC

 ("BrainJuicer or "the Company")

 

 

Results of Buyback Program and Director Dealing

 

Further to the announcement made this morning the Company can confirm that it has today bought back 650,000 Ordinary Shares in the Company at a price of 165p per Ordinary Share (the "Buy-Back Shares").

 

The Company has purchased the Buy-Back Shares in order to satisfy future awards under the Company's Long Term Incentive Plan ("LTIP"), which is in the process of being established (subject to approval by shareholders at the Company's AGM). The Buy-Back Shares are initially being held in Treasury and will be transferred to an Employee Benefit Trust ("EBT").

 

In order to satisfy the purchase of the Buy-Back Shares, John Kearon, the Company's Chief Executive Officer and the Company's other major shareholder, Unilever UK Holdings Limited, have today each sold 325,000 Ordinary Shares and their new respective holdings are described below:

 


Shares sold

Price sold at

Total number of ordinary shares held post transaction

% of total issued share capital with voting rights

John Kearon

325,000

165p

5,210,164

42.1%

Unilever UK Holdings Limited

325,000

165p

4,558,643

36.8%

 

As at the date of this announcement, the Company's issued share capital consists of 13,033,201 ordinary shares with a nominal value of 1 pence each ("Ordinary Shares"). As a result of the above transactions the Company now currently holds 660,000 Ordinary Shares in Treasury.

 

Therefore, the total number of Ordinary Shares with voting rights is 12,373,201.

 

The above figure of 12,373,201 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency  Rules.

 

 

 

- Ends -

 

 

For further information, please contact:

BrainJuicer plc


John Kearon, Chief Executive Officer

Tel: +44 (0)20 7043 1000

James Geddes, Chief Financial Officer

www.brainjuicer.com

 

Canaccord Adams Limited


Mark Williams / Henry Fitzgerald-O'Connor

Tel: +44 (0)20 7050 6500

www.canaccordadams.com

 


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