Business
Results of Buyback Program an
Results of Buyback Program an.
About this update from System1 Group Plc
[{"type":"text","content":"\n RNS Number : 6287K BrainJuicer Group PLC 22 April 2010 \n \n\n \n \n \n\n\n\n\nPress Release\n\n\n 22 April 2010\n\n\n\n\n \n \n \nBrainJuicer Group PLC\n (\"BrainJuicer or \"the Company\")\n \n \nResults of Buyback Program and Director Dealing\n \nFurther 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\").\n \nThe 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\").\n \nIn 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: \n \n\n\n\n\n\n\n\nShares sold\n\n\nPrice sold at\n\n\nTotal number of ordinary shares held post transaction\n\n\n% of total issued share capital with voting rights\n\n\n\n\nJohn Kearon\n\n\n325,000\n\n\n165p\n\n\n5,210,164\n\n\n42.1%\n\n\n\n\nUnilever UK Holdings Limited\n\n\n325,000\n\n\n165p\n\n\n4,558,643\n\n\n36.8%\n\n\n\n\n \nAs 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. \n \nTherefore, the total number of Ordinary Shares with voting rights is 12,373,201. \n \nThe 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. \n \n \n \n- Ends -\n \n \nFor further information, please contact:\n\n\n\n\nBrainJuicer plc\n\n\n\n\n\n\n\nJo...