REG - Audioboom Group PLC - Grant of Share Options

AudioboomAnnouncement

30/04/2024 07:00

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RNS Number : 4960M  Audioboom Group PLC  30 April 2024

30 April 2024

 

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           240p             355,334
 Brad Clarke  Chief Financial Officer  60,000           240p             313,334

 

*derived from the latest 5 day volume weighted average price (VWAP) for an
ordinary share

**both directors have agreed with the Company to forfeit and cancel 60,000
options previously granted with an exercise price of £15.55 per share.  In
addition, both directors have forfeited 16,666 previously granted options
following non-fulfilment of attached performance conditions (relating to
meeting initial market expectations as to revenue and EBITDA for the year
ended 31 December 2023)

 

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 (in respect of 50% of the
Options) 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 2024, 31
December 2025 and 31 December 2026.  They may also vest in certain other
prescribed circumstances as provided for in the terms of the Scheme.

 

The Board has also granted 346,157 options to non-PDMR employees, largely in
replacement of 271,157 options that were previously granted at an exercise
price of £15.55 per share which have now been forfeited and cancelled.

 

Following the above grant of Options, the Company has a total of 1,706,118
options to subscribe for new ordinary shares in the Company outstanding, which
represents approximately 10.4 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
 Stuart Last, Chief Executive Officer                              Tel: +44(0)20 3714 4285

 Brad Clarke, Chief Financial Officer

 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)
 Jonny Franklin-Adams/Abigail Kelly/Rory Sale (Corporate Finance)  Tel: +44(0)20 7220 0500

 Harriet Ward (ECM)

About Audioboom

Audioboom is a global leader in podcasting - our shows are downloaded more
than 135 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 Triton Digital.

Audioboom's ad-tech and monetisation platform underpins a scalable content
business that provides commercial, distribution, marketing and production
services for a premium network of top tier podcasts. Key partners include the
official Formula 1 podcasts 'F1: Beyond the Grid' and 'F1 Nation', '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 operates internationally, with global partnerships across North
America, Europe, Asia and Australia. The platform distributes content via
Apple Podcasts, YouTube, Spotify, Pandora, Amazon Music, Google Podcasts,
iHeartRadio, 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 £2.40 per share   60,000
 d)                                Aggregated information:                                      N/A

                                   ·Aggregated volume

                                   ·Price
 e)                                Date of the transaction                                      30 April 2024
 f)                                Place of the transaction                                     Outside a trading venue

d)

Aggregated information:

·Aggregated volume

·Price

N/A

 

e)

Date of the transaction

30 April 2024

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 £2.40 per share   60,000

 
 d)                                Aggregated information:

                                   ·Aggregated volume                                           N/A

                                   ·Price
 e)                                Date of the transaction                                      30 April 2024
 f)                                Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

·Aggregated volume

·Price

 

N/A

e)

Date of the transaction

30 April 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

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