AGM Statement

RNS Number : 7853G

BrainJuicer Group PLC

12 May 2014

 



Press Release

12 May 2014

BrainJuicer Group PLC

("BrainJuicer" or "the Company")

AGM Statement

BrainJuicer, (AIM: BJU), the innovative, international online market research agency, announces that, at the Company's AGM to be held later today, the following trading update will be given by the Chairman.

So far this year, we have generated revenue growth in most of our main markets and with most of our major multinational clients.  Sales of BrainJuicer's unique "Juicy" products have comprised almost 80% of our business so far this year, compared with 74% during 2013 as a whole.

Investment in support of anticipated continued long-term growth, and in particular the expansion of our client account management teams, is expected to give rise to a somewhat higher rate of cost growth from the second quarter of the year onwards.

The sharp rise in the BrainJuicer share price during 2013 and early 2014 will likely lead to a much higher share based payment charge in 2014 than would otherwise have been the case.  We anticipate a total charge of around £1m for share based payments and related National Insurance payments.  The comparable charge for 2013 was £0.3m.

The Company can be found at www.brainjuicer.com.

For further information, please contact:

BrainJuicer Group PLC	Tel: [phone]
John Kearon, Chief Executive Officer [e-mail]
James Geddes, Chief Financial Officer [e-mail]
Canaccord Genuity Limited	Tel: [phone]
Simon Bridges / Henry Fitzgerald-O'Connor [e-mail]

 

END

 

 

AGMALMPTMBJMBMI