NEWS5 May 2011
UK— BrainJuicer chief executive John Kearon has sold 700,000 shares in the company at 250p each, netting him £1.75m.
He continues to own 4.5m shares, or 36.22% of the company – a stake worth more than £11m at the current share price.
Chief financial officer James Geddes has also sold shares, 75,000 of them, worth £187,500.
In a statement the firm said the sales were prompted by “the level of instutional demand in the company’s shares”.
Unilever, which had been an investor in the business since 2003, recently sold off the last of its BrainJuicer shares.
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