TIDMBOOM

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   Exercise   Total Options 
                                    granted             price      now held 
                Chief Executive 
 Rob Proctor     Officer           25,000,000          1.3p       45,723,056 
               -----------------  ------------------  ---------  -------------- 
                Chief Financial 
 Brad Clarke     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   Tel: +44(0)20 3328 5656 
  and Joint Broker) 
 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                    Options to subscribe 
       the Financial instrument,          for Ordinary 
       type of instrument                 Shares of no 
                                          par value 
      Identification                   ISIN: JE00B5NFKB77 
       code 
     -------------------------------  ------------------------------------------------------------------- 
 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) 
                                         GBP0.013 
                                          per share    25,000,000 
                                                      ----------- 
     -------------------------------  ------------------------------------------------------------------- 
 d)   Aggregated information: 
       --Aggregated volume               25,000,000 
       --Price                           GBP0.013 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                    Options to subscribe 
       the Financial instrument,          for Ordinary Shares 
       type of instrument                 of no par value 
      Identification                   ISIN: JE00B5NFKB77 
       code 
     -------------------------------  ------------------------------------------------------------------- 
 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) 
                                         GBP0.013 
                                          per share    12,000,000 
                                                      ----------- 
     -------------------------------  ------------------------------------------------------------------- 
 d)   Aggregated information: 
       --Aggregated volume               12,000,000 
       --Price                           GBP0.013 per share (exercise price) 
     -------------------------------  ------------------------------------------------------------------- 
 e)   Date of the transaction          20 March 2019 
     -------------------------------  ------------------------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 20, 2019 12:39 ET (16:39 GMT)

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