Grant of share options

RNS Number : 4962T
Audioboom Group PLC
20 March 2019
 

20 March 2019

 

Audioboom Group plc

 

("Audioboom" or the "Company")

 

Grant of share options

 

The Board ("Board") of Audioboom (AIM: BOOM), the leading global podcast company, announces that it has today made the following grants of options to subscribe for new ordinary shares in the Company ("Options") to certain of its directors:

 

Director

Position

Number of Options granted

Exercise price

Total Options now held

Rob Proctor

Chief Executive Officer

25,000,000

1.3p

45,723,056

Brad Clarke

Chief Financial Officer

12,000,000

1.3p

18,500,000

 

The grants are made pursuant to the Company's share option scheme which was adopted on 19 May 2014 (the "Scheme").  The Options may vest and become exercisable over a three year period, subject to the satisfaction of performance conditions relating to how the Company performs by reference to its internal budgets and external market expectations in each of the financial periods ending 31 December 2019, 31 December 2020 and 31 December 2021.  They may also vest in certain other prescribed circumstances as provided for in the terms of the Scheme.

 

The FCA notification in respect of the above Option grants, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

 

Enquiries

 

Audioboom Group plc


Rob Proctor, Chief Executive Officer

Tel: +44(0)20 7403 6688



Allenby Capital Limited (Nominated adviser and Joint Broker)

Tel: +44(0)20 3328 5656

David Hart /Alex Brearley/Asha Chotai




Novum Securities (Joint Broker)

Tel: +44(0)20 7399 9400

Colin Rowbury/Jon Belliss




Walbrook PR Limited (PR & IR Advisers)

Tel: +44(0)20 7933 8780

Paul Cornelius / Sam Allen

or audioboom@walbrookpr.com

 

 

About Audioboom

 

Audioboom is the leading global podcast company, consolidating the business of on-demand audio, making content accessible, wide-reaching and profitable for podcasters, advertisers and brands. Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia, and addresses the issue of disparate podcast services by putting all of the pieces of the puzzle together under one umbrella, creating a user-friendly, economical experience.

 

Audioboom hosts over 13,000 content channels, with key partners including A+E Networks (US), Associated Press (US), 'Astonishing Legends' (US), 'Casefile True Crime' (AUS), Edith Bowman (UK), 'Felon True Crime Podcast' (AUS), Jonathan Ross (UK), 'Moneycontrol Podcast' (India), 'No Such Thing As A Fish' (UK), Red FM (India), Starburns Audio (US), 'The Cycling Podcast' (UK), 'The Totally Football Show' (UK), 'The True Geordie Podcast' (UK) and 'Undisclosed' (US).

 

Original content produced by Audioboom includes 'The 45th' (US), 'Covert' (US), 'I Almost Knew That' (India), 'The Psychology Behind with Dr Linda Papadopoulos' (UK), 'Ctrl Alt Win Podcast' (India), 'Deliberations' (US), 'It's Happening with Snooki & Joey' (US), 'Mafia' (US), 'Mission To Zyxx' (US),' Night Call' (US) and 'The Russell Brand Podcast' (UK).

 

The platform receives over 60 million listens per month and allows partners to share their content via Apple Podcasts, BookMyShow, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Spotify, Stitcher, Facebook and Twitter as well as their own websites and mobile apps.

 

For more information, visit audioboom.com.

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Proctor

2.               

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Audioboom Group plc

b)

LEI

213800QO681575J97813

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Options to subscribe for Ordinary Shares of no par value

Identification code

ISIN: JE00B5NFKB77

 

b)

Nature of the transaction

Grant of options to subscribe for Ordinary Shares of no par value

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.013 per share

25,000,000

d)

Aggregated information:

·Aggregated volume

·Price

 

25,000,000

£0.013 per share (exercise price)

e)

Date of the transaction

20 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

 

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Brad Clarke

2.               

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Audioboom Group plc

b)

LEI

213800QO681575J97813

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 

Options to subscribe for Ordinary Shares of no par value

Identification code

ISIN: JE00B5NFKB77

 

b)

Nature of the transaction

Grant of options to subscribe for Ordinary Shares of no par value

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.013 per share

12,000,000

 

d)

Aggregated information:

·Aggregated volume

·Price

 

12,000,000

£0.013 per share (exercise price)

e)

Date of the transaction

20 March 2019

f)

Place of the transaction

Outside a trading venue

 

 

 


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