Director Dealing

RNS Number : 9572H

BrainJuicer Group PLC

07 June 2011

 



Press Release

7 June 2011

BrainJuicer Group PLC

("BrainJuicer" or "the Company")

Director Dealing

As previously announced on the 21 July 2010, John Kearon, the Company's Chief Executive Officer, borrowed £650,000 from third party lenders (the "Lenders") ("Loan"). As part of the loan agreement, Mr Kearon had the right to repay the Loan by converting it into 400,000 ordinary shares, subject to the closing mid market price of BrainJuicer ordinary shares being in excess of 255 pence for twenty (20) consecutive trading days.

Mr Kearon has exercised his right for the conversion of the Loan and as a result transferred 400,000 ordinary shares to the Lenders on 2 June 2011. This represents 3.2 per cent. of the Company's issued share capital with voting rights.

In addition to the above, Mr Kearon has today transferred a total of 249,062 ordinary shares representing 2.0 per cent. of the Company's issued share capital with voting rights to Sarah Kearon.

Following the above transactions, John Kearon's direct holding is provided below:

Number of ordinary shares held prior to	Ordinary shares transferred to Sarah Kearon	Ordinary shares transferred to the Lenders	Total number of ordinary shares held post transactions	% of total issued share capital with voting rights
4,510,164	249,062	400,000	3,861,102	31.0%

John Kearon's beneficial holding, including 249,062 transferred to Sarah Kearon represents 33.0 per cent. of the total issued share capital with voting rights.

- Ends -

For further information, please contact:

BrainJuicer plc
John Kearon, Chief Executive Officer	Tel: [phone]
James Geddes, Chief Financial Officer	www.brainjuicer.com

Canaccord Genuity Limited
Mark Williams / Henry Fitzgerald-O'Connor	Tel: [phone]
	www.canaccordgenuity.com

 

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