REG - Audioboom Group PLC - Grant of share options

AudioboomAnnouncement

20/04/2023 11:00

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RNS Number : 9261W  Audioboom Group PLC  20 April 2023

20 April 2023

 

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           £3.61            372,000
 Brad Clarke  Chief Financial Officer  60,000           £3.61            330,000

 

*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 2023, 31 December 2024 and 31 December 2025.  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 1,668,054
options to subscribe for new ordinary shares in the Company outstanding, which
represents approximately 10.2 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
 Michael Tobin, Chairman                                                 Tel: +44(0)20 3714 4285

 Stuart Last, Chief Executive Officer

 Brad Clarke, Chief Financial Officer

 finnCap Ltd (Nominated Adviser and Broker)
 Jonny Franklin-Adams/Abigail Kelly/Milesh Hindocha (Corporate Finance)  Tel: +44(0)20 7220 0500

 Charlotte Sutcliffe/Harriet Ward (ECM)

About Audioboom

 

Audioboom is a global leader in podcasting - our shows are downloaded more
than 130 million times each month by 38 million unique listeners around the
world. Audioboom is ranked as the fourth largest podcast publisher in the US
by Edison Research.

 

Audioboom's ad-tech and monetisation platform underpins a scalable content
business that provides commercial services for more than 8,000 podcasts, with
key partners including 'Casefile True Crime' (US), 'True Crime Obsessed' (US),
'The Tim Dillon Show' (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 Australia. 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 £3.61 per share   60,000
 d)                                Aggregated information:                                      N/A

                                   ·Aggregated volume

                                   ·Price
 e)                                Date of the transaction                                      20 April 2023
 f)                                Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·Aggregated volume

·Price

N/A

 

e)

Date of the transaction

20 April 2023

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 £3.61 per share   60,000

 
 d)                                Aggregated information:

                                   ·Aggregated volume                                           N/A

                                   ·Price
 e)                                Date of the transaction                                      20 April 2023
 f)                                Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·Aggregated volume

·Price

 

N/A

e)

Date of the transaction

20 April 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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