16 July 2013
blur (Group) plc
("blur," the "Group" or the "Company")
James Davis takes up position as Group CFO
blur (Group) Plc (BLUR), the technology company that's reinventing commerce at blurgroup.com, confirms that, further to its announcement on 26 June 2013, James Davis will be taking up his position today as Group CFO, ahead of schedule.
The Board has approved the Remuneration Committee's recommendation to grant James Davis 400,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares"). These options become exercisable after a period of four years from the date of grant, subject to market based performance criteria, and pursuant to the rules of the Company's Share Option Plan. The options have an exercise price of 237.5p per share, being the closing midmarket price of the Company's Ordinary Shares as at 15 July 2013.
Disclosures required pursuant to paragraph (g) of Schedule 2 of the AIM Rules are as stated in the announcement of 26 June 2013.
For further information please contact:
blur (Group) plc
Philip Letts, CEO/ Ravi Pau, PR Manager Tel: +44 20 3176 0548
Shaun Dobson / Matt Thomas Tel: +44 20 7496 3000
Caroline EvansJones/ Josh Royston/ Hilary Millar Tel: +44 20 7653 9850
About blur (Group) plc at blurgroup.com
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. Over 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange's AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three project briefs per month were submitted. Now 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average project value has grown from approximately $1,500 in 2010 to $22,943 in Q2 2013.
Today, more than 2,260 projects have been submitted with a combined value of close to $33.60 million. These have come from the US, UK, Europe, Africa and Asia with over 28,000 expert service providers on eight exchanges responding to them.