Director/PDMR Shareholding

RNS Number : 4755Q

Rightster Group PLC

17 June 2015

 

17 June 2015

Rightster Group PLC

("Rightster" or the "Company")

Director/PDMR Shareholding

Rightster Group plc (LSE AIM: RSTR), the cloud-based global video distribution and monetisation network, announces that further to the announcement of a placing to raise approximately £5 million on 7 May 2015, the Company advises that certain directors (the "Subscribing Directors") and senior managers have now committed to subscribe, in aggregate, for 611,108 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") pursuant to individual subscription letters at 18 pence per Ordinary Share (the "Subscription"). The Subscription is at the same share price as the placing, announced last month, reflecting the directors' belief in the future prospects of the business.  The expected holdings of the Subscribing Directors following admission of the new Ordinary Shares are set out below.

	Number of new Ordinary Shares subscribed for	Shareholding following the Subscription	Percentage Shareholding following the Subscription
Mark Lieberman* (Chairman)	66,666	66,666	0.03%
Patrick Walker (CEO)	255,555	255,555	0.11%
Niall Dore (CFO)	166,666	166,666	0.07%
David Mathewson (Non-Executive Director)	66,666	106,666	0.05%

 * Subscription made through a pension trust

Application will be made to the London Stock Exchange for the 611,108 new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 23 June 2015.

Following Admission, the Company will have 222,960,607 ordinary shares in issue with voting rights. This figure (222,960,607) may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Rightster Group plc Patrick Walker CEO or Niall Dore, CFO	via Newgate
Cenkos Securities plc	Tel: [phone]
Max Hartley /Mark Connelly (Nomad)
Newgate	Tel: [phone]
Tim Thompson/Robyn McConnachie/Lois Engstrand

About Rightster Group plc

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster's cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster's network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

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