REG - SEEEN PLC - Board Appointment Confirmation

SEEENAnnouncement

27/05/2022 07:00

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RNS Number : 0018N  SEEEN PLC  27 May 2022

 

SEEEN plc

("SEEEN" or the "Company")

 

Confirmation of Board appointment

and

Director Dealing

 

SEEEN plc (AIM: SEEEN), the video optimisation platform company offering
proprietary technology products and services to help creators, brands and
publishers drive value from their video assets, is pleased to confirm the
appointment of Charles Burdick as an independent Non-executive Director with
immediate effect.

Charles Burdick has agreed to waive Board fees for this financial year and in
exchange has been granted an option to acquire 200,000 ordinary shares in the
Company at an exercise price of 30 pence, approximately 94% above the closing
mid-market price of an ordinary share in the Company on 26 May 2022. These
options will vest 1/3(rd) on the first anniversary, 1/3(rd) on the second
anniversary and 1/3(rd) on the third anniversary.

Enquiries:

 SEEEN
 Patrick DeSouza, Chairman                                   Tel: +44 (0)7775 701 838
 Akiko Mikumo, Co-CEO

 David Anton, Co-CEO
 Adrian Hargrave, CFO

 Panmure Gordon                                              Tel: +44 (0)20 7886 2500

 (Financial Adviser, Nominated Adviser & Joint Broker)
 Alina Vaskina / Harriette Johnson (Corporate Advisory)
 Rupert Dearden (Corporate Broking)

 Dowgate Capital (Joint Broker)                              Tel: +44 (0)20 3903 7721
 Stephen Norcross

 

Additional Information

In accordance with the AIM Rules, the following information required to be
disclosed in relation to Charles Burdick is set out below. Other than this
information, there is no further information required to be disclosed under
paragraph (g) of Schedule Two of the AIM Rules.

Full name and age

Charles James Burdick, aged 70

Current beneficial shareholding in the Group

Nil

Current Directorships

Nil

Former Directorships (previous five years)

Trivon AG (trading as Virgin Connect Russia)

Orion Telekom Holdings B.V.

Disclosure required under paragraph (g) (v) and (vii) of Schedule Two of the
AIM Rules for Companies

Mr Burdick was appointed as a director of Bally Total Fitness Holding
Corporation in or around January 2006. In or around August 2007 Mr Burdick
resigned from the Board and in August 2007 the company filed for Chapter 11
protection from creditors under a pre-packaged reorganization plan which was
supported by holders of its bond issues.  The court filings showed the
company had $396.8 of assets and $761.3 million of debt at the end of its
prior fiscal year.

Mr Burdick was appointed as a director of Kaupthing Singer and Friedlander
Limited in or around February 2006 and in October 2008 the company entered
into administration, which is within 12 months of Charles's resignation. Mr
Burdick resigned from the Board in October 2008 and the company was dissolved
in December 2021. The deficiency as regards creditors was approximately
£2.4m.

NOTIFICATION OF TRANSACTION OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail in respect of the transactions
described above.

 

 1                Details of the person discharging managerial responsibilities/person closely
                  associated
 a)               Name:                                                         Charles Burdick
 2                Reason for the notification
 a)               Position/status:                                              Non-executive Director
 b)               Initial notification/Amendment:                               Initial notification
 3                Details of the issuer, emission allowance market participant, auction
                  platform, auctioneer or auction monitor
 a)               Name:                                                         SEEEN plc
 b)               LEI:                                                          213800RQVRMW2KRORN22
 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:  Ordinary Shares

                  Identification code:

                                                                                GB00BK6SHS41
 b)               Nature of the transaction:                                    Grant of share option award
 c)               Price(s) and volume(s):

Price(s)  Volume(s)
                                                                                Nil       200,000
 d)               Aggregated information:

                  ·    Aggregated volume:                                        n/a (single transaction)

                  ·    Price:
 e)               Date of the transaction:                                      27 May 2022
 f)               Place of the transaction:                                      Outside of a trading venue

d)

Aggregated information:

·    Aggregated volume:

·    Price:

 

 n/a (single transaction)

e)

Date of the transaction:

27 May 2022

f)

Place of the transaction:

 Outside of a trading venue

 

 

 

 

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