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RNS Number : 1845M Audioboom Group PLC 20 May 2022
20 May 2022
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 granted the following options to
subscribe for new ordinary shares in the Company ("Options") to certain of its
directors:
Director Position Options granted Exercise price* Total options now held
Stuart Last Chief Executive Officer 60,000 1555p 312,000
Brad Clarke Chief Financial Officer 60,000 1555p 270,000
*derived from the latest 5 day volume weighted average price (VWAP) for an
ordinary share
The grants have been 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 2022, 31 December 2023 and 31 December 2024. They
may also vest in certain other prescribed circumstances as provided for in the
terms of the Scheme.
Following the above grant of Options, the Company has a total of 1,423,974
options to subscribe for new ordinary shares in the Company outstanding, which
represents 8.7 per cent. of the Company's issued share capital.
The FCA notifications in respect of the above Option grants, made in
accordance with the requirements of the UK Market Abuse Regulation, are
appended below.
Enquiries
Audioboom Group plc Tel: +44(0)20 3714 4285
Michael Tobin, Chairman
Stuart Last, Chief Executive Officer
Brad Clarke, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Broker) Tel: +44(0)20 7220 0500
Jonny Franklin-Adams/Abigail Kelly/Milesh Hindocha (Corporate Finance)
Richard Chambers/Harriet Ward (ECM)
About Audioboom
Audioboom Group plc ("Audioboom") is a global leader in podcasting - our shows
are downloaded more than 126 million times each month by 34 million unique
listeners around the world. Audioboom is ranked as the fourth largest podcast
publisher in the US by Triton Digital.
Audioboom's ad-tech and monetisation platform underpins a scalable content
business that provides commercial services for a premium network of 250 top
tier podcasts, with key partners including 'Casefile True Crime' (US),
'Morbid' (US), 'True Crime Obsessed' (US), 'The Morning Toast' (US), 'No Such
Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).
Audioboom Studios is home to a slate of content developed and produced by
Audioboom, including 'Dark Air with Terry Carnation', 'F1: Beyond The Grid',
'RELAX!', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled
Masses' and 'What Makes A Killer'.
Audioboom operates internationally, with operations and global partnerships
across North America, Europe, Asia and Australasia. The platform allows
content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music,
Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook
and Twitter as well as a partner's 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 Stuart Last
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: JE00BJYJFG60
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)
Exercise price of £15.55 per share 60,000
d) Aggregated information: N/A
·Aggregated volume
·Price
e) Date of the transaction 20 May 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
·Aggregated volume
·Price
N/A
e)
Date of the transaction
20 May 2022
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: JE00BJYJFG60
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)
Exercise price of £15.55 per share 60,000
d) Aggregated information:
·Aggregated volume N/A
·Price
e) Date of the transaction 20 May 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
·Aggregated volume
·Price
N/A
e)
Date of the transaction
20 May 2022
f)
Place of the transaction
Outside a trading venue
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