NEWS24 January 2011

Unilever cuts BrainJuicer stake to 13.5%

Financials UK

UK— Unilever has shed more of its BrainJuicer stock, selling over 100,000 shares in two separate trades a month apart. It continues to hold a 13.5% stake in the online research agency.

The bulk of shares, 89,686, were sold on 20 January for 223 pence per share, netting nearly £200,000. A month before 11,900 shares were sold at 223 pence per share, generating £24,990.

Unilever has been an investor in the agency since 2003 but has been reducing its position in recent months (see here, here and here).

Earlier this month, BrainJuicer reported a 35% increase in annual revenue to more than £16m.

Brian Tarran

Financials UK

@RESEARCH LIVE

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